Dover Motorsports, Inc. (NYSE:DVD) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry Into Material Definitive Agreements and

The following information is furnished to Item 1.01 Entry into Material Definitive Agreements and Item 1.01 RegulationFD Disclosure.

As previously announced, we are under agreement to sell approximately 147acres of the property on which our Nashville Superspeedway is located. to the January22, 2018 amendment to the purchase agreement, the purchaser has placed into escrow the total purchase price of $5,151,300. Closing under the purchase agreement is scheduled to occur in the first quarter of 2018 pending certain regulatory approvals. In connection with the purchase agreement, we also entered into an option agreement to allow the purchaser to acquire an additional approximately 87acres at $55,000 per acre. On February9, 2018, we amended the option agreement to extend its term and to add additional acreage to the option. The option is for three years beginning March1, 2018 but is only operative once closing occurs under the purchase agreement for the initial 147acres. An additional 86.45acres were added to the option at a purchase price of $66,685 per acre and an additional approximately 50.51acres were added at a purchase price of $35,000 per acre. The initial parcel has been surveyed at 88.03acres and remains at $55,000 per acre. The option may only be exercised for all of the 224.99acres at one time for a total purchase price of $12,374,418. None of the acreage extends to the land on which our superspeedway was constructed.

About Dover Motorsports, Inc. (NYSE:DVD)

Dover Motorsports, Inc. is a marketer and promoter of motorsports entertainment in the United States. The Company, through its subsidiaries, owns and operates Dover International Speedway in Dover, Delaware, and Nashville Superspeedway near Nashville, Tennessee. The Dover International Speedway is located in Dover, Delaware, on approximately 770 acres of land. The Nashville Superspeedway is a motorsports complex located on approximately 1,400 acres of land in Wilson County and Rutherford County, Tennessee. The Company promotes approximately six National Association for Stock Car Auto Racing (NASCAR)-sanctioned events at the Dover International Speedway, including two races in the NASCAR Sprint Cup Series professional stock car racing circuit, two races in the NASCAR XFINITY Series racing circuit, one race in the NASCAR Camping World Truck Series racing circuit and one race in the NASCAR K&N Pro Series East racing circuit.