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Author Topic: Kentucky ups the ante...  (Read 1374 times)
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sally
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« on: April 21, 2007, 08:27:08 PM »

I think this could get extremely interesting as this goes forward...

http://www.scenedaily.com/stories/2007/04/16/scene_daily162.html

Sally
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Desmond
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« Reply #1 on: April 21, 2007, 11:20:58 PM »

The genie could be about to leave the bottle!  Stay tuned...
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Cheryl
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« Reply #2 on: April 22, 2007, 02:32:35 PM »

Only a lawyer would use the word "egregious." 

"The track 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 seeks damages in excess of $200 million."
This ain't gonna happen...

Cheryl
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old hot rodder
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« Reply #3 on: April 22, 2007, 05:03:12 PM »

Only a lawyer would use the word "egregious." 

"The track 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 seeks damages in excess of $200 million."
This ain't gonna happen...

Cheryl

Now, now, Cheryl.  ;Don't  bet against Stan Chesley. I sure wouldn't.
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William James
ronbarnes77
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« Reply #4 on: April 24, 2007, 06:37:57 PM »

hey cheryl it really could happen  Smiley Smiley
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sally
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« Reply #5 on: April 24, 2007, 09:43:46 PM »

I think it was smart to change the suit from demanding a race date to examining how Nascar/ISC does 'business'.  This has possibilities.

Bwahahahaha!

Sally
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cowboy271
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« Reply #6 on: April 24, 2007, 09:59:13 PM »

Sally, great link, finally catching up a bit.  I'm ignorant of the law as most of you know, but Kentucky does present some compelling arguments.  I'd love to see NASCAR's responses but that probably ain't gonna happen.  I personally feel Kentucky's change in their suit may invite some other complainant's to join their cause.  The case has became much more interesting to me, but I have to wonder if it'll be settled during my lifetime or if NASCAR will be of any consequence in the racing world by the time a settlement is reached.

I'll just sip my mint julep waiting the outcome.

James
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Desmond
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« Reply #7 on: April 25, 2007, 04:20:49 PM »

My personal prediction is an out-of-court settlement and maybe a race date, if NASCAR is generous.  I am simply not optimistic. Sad
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old hot rodder
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« Reply #8 on: April 25, 2007, 05:44:22 PM »

As I said, before, I would not bet against Stan Chesley. He thinks that he is on to something. Wink
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William James
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« Reply #9 on: April 25, 2007, 06:25:30 PM »

 Smiley :)i'll say this smart of kentucky to challenge nascar's business practices instead of demanding a race date this leaves the remedy up to the judge if they win.also easier to defend any award on appeal.
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Vivian
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« Reply #10 on: April 25, 2007, 09:20:17 PM »

Who has the most money?  That is who will win, IMO Wink
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Cheryl
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« Reply #11 on: April 25, 2007, 09:47:35 PM »

I'm still confused as to who this Stan Chesley is that Dick keeps talking about?   Huh?

Haha!

Cheryl
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super61
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« Reply #12 on: April 25, 2007, 10:36:15 PM »

here are my 2.5 cents on this...the only way this will fall into the favor of Kentucky is if the judge feels the parties involved have violated federal antitrust laws or the SEC finds conflict of interest, being that ISC is a publicly traded company.... the first of this theory is most likely the weakest... to prove the later of the two, any number of the France empire would be brought up on federal charges of mail fraud and racketeering. insider trading won't get the job done... i think at some point though, one of these "official" NASCAR sponsors will also challenge this practice of not awarding races, as they are also getting shut out of some very major sale markets

ok
i'm done
ken
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old hot rodder
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« Reply #13 on: April 25, 2007, 10:44:05 PM »

I'm still confused as to who this Stan Chesley is that Dick keeps talking about?   Huh?

Haha!

Cheryl

He is the lead counsel for Ky Speedway.
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William James
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« Reply #14 on: April 25, 2007, 10:46:14 PM »

Who has the most money?  That is who will win, IMO Wink

Vivian you must have faith. SOMETIMES, the good guys do win. Grin
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William James
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