Paducah Motorsports Inc. announced an agreement with the Mason family on Wednesday to lease Paducah International Raceway for the 2014 season.
Paducah International Raceway will continue to host weekly racing each Friday night. Plans are being finalized for opening night on April 18 with the first major event on the schedule being the Lucas Oil Late Model Dirt Series race on May 3.
"I'm pleased the Mason family has come to an agreement to operate Paducah International Raceway this season,'' said PIR co-owner Bob Sargent. "Paducah is a hotbed of racing, and PIR is an outstanding facility.
"The Masons have plenty of new ideas. I'm looking forward to a great transition with such quality people.''
Paducah International Raceway was built in 1972 and continued a facility upgrade over the decades.
PIR will continue to run weekly racing with UMP divisions such as modifieds, pro late models, stock cars and 4-cylinder warriors. The track has also hosted high school warriors.
Plans are being finalized for a driver information meeting on Sunday, March 30. Practice is scheduled for April 11-12.
In November 2005, NASCAR stars Dale Earnhardt Jr. and Ken Schrader along with Sargent purchased PIR. This was Dale Jr.'s first venture into owning a racetrack. Schrader also owns I-55 Raceway in Pevely, Mo., with Ray Marler. Sargent has been involved in promoting state fair races in Illinois, both at Springfield and DuQuoin.
He has worked with NASCAR, ARCA and World of Outlaws, and was co-owner of UMP with Schrader.
Three-time NASCAR champion Tony Stewart joined the trio of co-owners as a partner in September 2006. Stewart also owns Eldora Speedway in Rossburg, Ohio.