Menu
Sponsorships Advertising Marketing

CLASS ACTION ALLEGES PRICE-FIXING OF WINSTON CUP MERCHANDISE

          A class action suit claiming antitrust and price-fixing
     violations against NASCAR, three public companies and
     numerous vendors, "could be a watershed event for all major-
     league sports," according to Steve Mayer in SPEED SPORT
     NEWS.  The suit, filed last month in Atlanta, alleges that
     since '91, fans "have been overcharged for merchandise" at
     Winston Cup races.  Other parties named include
     International Speedway Corp. and Penske Motorsports.
     Estimates of the size of the class range "as high as 5
     million fans, portending actual damages of $100 million to
     $500 million," which could be trebled under the Clayton
     Antitrust Act.  The suit's implications can be "wide-
     ranging," as "virtually any race track which leases space
     upon a percent-of-gross-sales basis" to vendors can be
     ordered into the suit.  Mayer notes the suit could be "the
     model by which similar actions could be brought against"
     MLB, the NBA, NFL and NHL (NSSN, 4/9 issue).
          THUNDERSTRUCK: Several hundred people "turned out in
     force" Wednesday for the opening of a NASCAR Thunder store
     in Cincinnati, according to Tom Groeschen.  The store is the
     fifth NASCAR retail outlet.  NASCAR Thunder VP/GM Larry
     Painter: "We have been trying to target the non-traditional
     NASCAR cities, like Cincinnati" (CINCINNATI ENQUIRER, 4/17).

SBJ Morning Buzzcast: April 26, 2024

The sights and sounds from Detroit; CAA Sports' record night; NHL's record year at the gate and Indy makes a pivot on soccer

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1997/04/18/Sponsorships-Advertising-Marketing/CLASS-ACTION-ALLEGES-PRICE-FIXING-OF-WINSTON-CUP-MERCHANDISE.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1997/04/18/Sponsorships-Advertising-Marketing/CLASS-ACTION-ALLEGES-PRICE-FIXING-OF-WINSTON-CUP-MERCHANDISE.aspx

CLOSE