RACING NEWS: REEBOK BACKS OUT OF IRL TITLE SPONSORSHIP
Reebok "has decided not to become the series sponsor"
of the IRL, sponsoring an IRL car instead, according to
Bruce Martin of NATIONAL SPEED SPORT NEWS. Martin reports
that IRL officials "did not want its series sponsor to also
be a primary sponsor of a car." While IRL execs "refused to
discuss Reebok," team owners believed a deal would have been
worth "as much as" $7M to the series (NSSN, 1/7 issue).
RACING NOTES: NSSN reports more "factoids" from CART's
IPO prospectus. CART CEO Andrew Craig's salary, including
bonuses, was $573,426 in '96. From '98-2000 his base
salaries will be $500,000, $550,000 and $600,000 (NSSN, 1/7
issue)....Former IMS exec Bill Donaldson's Premier
Management Group has taken over the day-to-day operations of
the Las Vegas Motor Speedway (LAS VEGAS SUN, 1/15).