Wednesday, April 25, 2007

Kentucky Speedway lawsuit seeks break-up of NASCAR / ISC "monopoly"



LOUISVILLE, Ky. - Kentucky Speedway no longer wants NASCAR to bring a Nextel Cup race to the track as part of its antitrust lawsuit against the racing governing body and International Speedway Corp.

The speedway filed an amended complaint in U.S. District Court last Friday, saying instead of a Nextel Cup race, it wants a judge to break up NASCAR and ISC, both of which are controlled by Bill France and members of his family.

The lawsuit claims breaking up the monopoly would require NASCAR to "develop objective factors for the award of Nextel Cup races that benefit the sport."

The speedway is asking that ISC be ordered to sell at least eight of the 12 tracks it owns that host Nextel Cup races and that the speedway be awarded more than $200 million in damages, which automatically would be tripled under federal law if the speedway wins.

NASCAR and ISC have denied the antitrust claims in court filings and have called the speedway's allegations "thinly concealed expressions of bitterness against a more successful promoter."

... continued at the link above.

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