Contract win
Compass Group PLC
4 December 2001
COMPASS GROUP AND LEVY RESTAURANTS WIN 20-YEAR CONTRACT WITH
SPEEDWAY MOTORSPORTS, INC.
Compass Group and Levy Restaurants today announced that they have entered
into a long-term agreement with Speedway Motorsports, Inc (SMI) worth
$40 million a year over 20 years. Levy Restaurants is the market leader in
sports and entertainment dining and will provide the on-site foodservice and
catering for all of Speedway Motorsports racing events, daily operations, and
minor league baseball contracts across the country, as well as the Texas
Motor Speedway Club. Levy Restaurants will assume operations for the 2002
season.
Speedway Motorsports' facilities comprise over 750,000 permanent seats and
663 private suites. SMI is the owner of six racing venues in the United
States, with tracks in North Carolina, Georgia, Tennessee, Texas, Nevada, and
California. In addition, Levy Restaurants will assume food and beverage
service of the following minor league baseball operations: Nolan Ryan's Round
Rock Express, Greensboro Bats, Tennessee Smokies, Kannapolis Intimidators as
well as Cal Ripken's new Ripken Stadium and the Ripken Youth Academy, under
construction in Aberdeen, Maryland.
Michael J Bailey, Chief Executive, Compass Group PLC added: 'This is a great
opportunity for the Group and enhances our reputation as the leader in the
sports and events market. The contract with Speedway Motorsports rounds off
an excellent year in which we have gained the foodservice contracts at the
Rockingham Motor Speedway circuit, the Sydney football stadium and cricket
ground, Silverstone and at Churchill Downs, home of the Kentucky Derby.'
Enquiries
Compass Group PLC Paul Kelly, Corporate Affairs Director 01932 573 000
Brunswick Group Limited Timothy Grey/Simon Sporborg 0207 404 5959
Notes to Editors
Compass Group is the world's largest foodservice company with annual
foodservice revenues in excess of £9bn. Compass Group has over 270,000
employees working in more than 90 countries around the world providing
foodservice and hospitality. For more information visit www.compass-group.com
Compass Group, North American Division has annual revenue of more than $4
billion and employs more than 100,000 associates throughout the US and
Canada.
Compass Group is the Official Catering Services Supplier for the 2002 Olympic
and Paralympic Winter Games in Salt Lake City. Compass Group will provide
catering and concession services to the 3,500 residents of the Olympic
Village as well as more than 125,000 people daily during the Olympic Winter
Games, including members of the worldwide media, judges and officials.
Levy Restaurants is the market leader in premium foodservice at sports and
entertainment facilities, providing restaurant quality food for luxury
suites, private clubs, in-seat service, specialty concession stands and
private event catering at 36 professional sports properties including Wrigley
Field, Dodger Stadium and the Staples Center.
Speedway Motorsports is a leading marketer and promoter of motorsports
entertainment in the United States. The Company owns and operates the
following premier facilities: Atlanta Motor Speedway, Bristol Motor Speedway,
Lowe's Motor Speedway at Charlotte, Las Vegas Motor Speedway, Sears Point
Raceway and Texas Motor Speedway. The Company provides event souvenir
merchandising services through its Finish Line Events subsidiary, and
manufactures and distributes smaller-scale, modified racing cars through its
600 Racing subsidiary. The Company also owns Performance Racing Network which
broadcasts syndicated motorsports programming to over 750 stations
nationwide. For more information, visit the Company's Website at
www.gospeedway.com.