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SBD/Issue 57/Leagues & Governing Bodies
Published December 4, 2006
|Jimmie Johnson Takes Home Over $15M
For Winning NASCAR Nextel Cup
WTA: The USTA “still isn’t pleased with the direction” of the WTA’s Roadmap 2010. A USTA official: “This still doesn’t work for us. The U.S. Open Series needs a consistent TV schedule, with back-to-back, consecutive-weeks coverage of top tournaments and the roadmap takes away from that.” USTA officials in a letter to WTA CEO Larry Scott wrote, “Your plans put the TV package and the race for the U.S. Open bonus prize money in jeopardy. ... How can the U.S. stand by and allow this to take place” (TENNISREPORTERS.net, 11/21).
FILING DEADLINE: Thoroughbred owners and trainers sued NYRA in U.S. Bankruptcy Court in Manhattan, “claiming it diverted [$15-20M] to operational costs that should have gone to winnings.” NYRA filed for Chapter 11 protection in the same court in November (DOW JONES NEWSWIRES, 12/2).
EQUAL FOOTING: A FINANCIAL TIMES editorial addressed competitive balance issues in European soccer under the subhead, “Salary caps are worth considering if agreed by all.” The editorial: “When a few big clubs ... use their billions to buy every decent player going, much of the sport’s drama is lost. Salary caps are a way of trying to level the playing field and ensure the sport retains its interest. Even in free-market America salary caps in sport are common” (FINANCIAL TIMES, 12/2).