Kentucky Speedway Wants NASCAR To Alter Way It Does Business
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Kentucky Speedway Tweaks
Antitrust Lawsuit Against NASCAR |
Kentucky Speedway has “backed away from its demand that a jury award a Nextel Cup race to its track as part of its antitrust lawsuit” against NASCAR and Int’l Speedway Corp. (ISC), according to Bob Pockrass of NASCAR SCENE. But the track is “demanding that NASCAR change the way it does business” in a revised complaint filed Friday in U.S. District Court in Kentucky. It is asking that NASCAR “develop objective factors to award Nextel Cup races, as well as asking the France family to sell off either ISC or NASCAR.” It also asks that ISC “divest itself of eight of its 12 tracks that operate a Cup race.” Kentucky Speedway is seeking damages of more than $200M. Portions of the revised complaint were removed from the public filing “because it is believed it contains sensitive NASCAR and ISC financial information, as well as business strategies.” A trial is not expected to begin until September “at the earliest.” Kentucky Speedway estimated a trial would last three weeks; NASCAR and ISC estimated six weeks (SCENEDAILY.com, 4/21).
STATEN ISLAND: In N.Y., Rich Calder reports ISC paid former Staten Island Borough President Guy Molinari’s lobbying firm, the Molinari Group, $15,000 a month from June ’04-December ’06 “to help obtain government approvals” for a proposed track on Staten Island. Sources said that ISC also paid the Molinari Group an “extra $35,000 monthly over the same period to help generate community support for the plan through a separate contract” (N.Y. POST, 4/23).
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