New owner of Denver Grand Prix coming.

CENTRIX Financial, LLC (CENTRIX), a financial management and services firm, announced today that a wholly-owned subsidiary intends to enter into an agreement to acquire assets and rights to the Grand Prix of Denver from the Grand Prix Association of Long Beach, Inc. (Grand Prix), a wholly-owned subsidiary of Dover Motorsports, Inc. [NYSE: DVD].

CENTRIX's subsidiary is currently conducting a due diligence process and will announce its final decision with regard to the acquisition of rights no later than March 12, 2004. Financial terms were not disclosed. As part of these discussions CENTRIX is also seeking to retain John Frew and his staff to continue the management the Grand Prix of Denver.

Open Wheel Racing Series, LLC (OWRS), owner of the Champ Car World Series, has consented to the assignment of OWRS' Sanction Agreement with Grand Prix to the CENTRIX subsidiary. Subject to consent of the City of Denver, the CENTRIX subsidiary will also accept all rights contained in Grand Prix's multiyear agreement with the City, which entitles Grand Prix to stage an annual auto racing event in and around Denver's PepsiCenter. The CENTRIX subsidiary will also be assigned the rights to Grand Prix's agreement with Kroenke Sports Enterprises, LLC (Kroenke), subject to Kronke's approval.

"Last year we clearly stated our commitment to the long-term presence and success of a motorsports event in the heart of Denver," said CENTRIX Financial Chairman and Chief Executive Officer, Robert E. Sutton. "The process that led to this point began the day after 2003's event came to a close. This is a positive step for the City of Denver. This helps to ensure that both the City's reputation and its business community will continue to benefit from the attention and economic gain such a high-caliber event brings. I am pleased that we are in a position to do this, and that this outstanding event will continue to be part of our company's broad range of motorsports activities."

"Obviously, CENTRIX was an outstanding partner in making last year's event a success," OWRS Partner, Paul Gentilozzi said. "We are very pleased that Bob and his team will be playing an even greater role in the Grand Prix's future. I cannot think of a better development for the event itself, the City of Denver, Champ Car and racing fans everywhere."