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SBD/13/Leagues Governing Bodies
Published March 13, 1996
Charlotte Motor Speedway will put up a track-record $3,563,794 in purses for its seven days of racing in May, culminating with the NASCAR Winston Cup Coca-Cola 600. Speedway founder Bruton Smith is on a tour of 20 cities in 13 states and Europe to promote a second issue of stock in Speedway Motorsports. This issue is for 3,100,000 shares (CHARLOTTE OBSERVER, 3/13)....As reported yesterday, MLB licensing money was distributed at $14,000 a player, well under previous years. Baseball economist Andrew Zimbalist notes the drop is due to the fact the MLBPA is reserving a large sum for their work stoppage fund and that licensing revenue was down around 40% last year due to the strike. Zimbalist expects the cut to be back at $100,000 this year (THE DAILY)....Promoter Jose Venzor has filed suit against Don King and Julio Cesar Chavez, alleging the two conspired to fix a fight last October (CHICAGO SUN-TIMES, 3/13).