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There was a
note in the news recently that the litigation which has stood in the
way of Kentucky Speedway
getting a NASCAR Sprint Cup Series race is over. A suit filed by
four trusts had challenged the right of Jerry Carroll, one of the
founding owners, to "control the fate" of the original antitrust
lawsuit against NASCAR and International Speedway Corporation.
I'm surmising
that those four trusts involve the new ownership group, Speedway
Motorsports Inc., headed by Bruton Smith, which has invested a
pretty hefty piece of change (read that 'millions') in
infrastructure and cosmetic improvements at Kentucky Speedway.
Apparently, an
agreement was reached when attorneys representing both sides
informed the court that they had settled.
Exactly what
this means for the original antitrust suit, I'm not sure. I'm
informed by someone who has followed the situation much more closely
than I have that the new ownership group has no interested in
pursuing that action. NASCAR had maintained they would never
consider allowing a Sprint Cup race there until the antitrust action
was resolved. They also cited the SMI as a reason for that stance.
I probably
should have called one of the attorneys. Although many of those
types have been very good friends of mine at times in the past, and
some remain very good friends, I am somewhat reluctant about
contacting lawyers I don't know.
At any rate,
Bruton wants to hold a Sprint Cup race at Kentucky in 2011.
One reason for
the recent settlement could be that the track's former owners will
receive a $7.5 million contingency payment from SMI if a Sprint Cup
race is scheduled at Kentucky. That would certainly color my
thinking if I was involved.
Whether there
will be a top-level NASCAR race there next year is still very much
open to question. I don't think NASCAR is interested in expanding
the schedule.
That leaves the
option of moving a race from another facility to Kentucky.
It probably
goes without saying that ISC isn't interested in moving one of their
dates. As a matter of fact, if they're going to start shuffling
dates around, I'd rather see them take one of those California races
and move the Labor Day race back to Darlington. But then, so would
thousands of other people.
This leaves
Bruton and SMI with the choice to move one of their races to
Kentucky.
Obviously, this
is what is most likely to happen. I guess the bottom lines of the
tracks involved would be the determining factor.
What does a
Sprint Cup race at Kentucky Speedway mean to the commonwealth?
Millions in the economy, as tracks have proven all over the country.
What does it
mean to fans in this area, such as yours truly?
Well, if they
run it on a Sunday it means I could get there in a couple of hours
in the Grey Ghost handicapped van and cover it for Frontstretch.
Which, of course, I would be available to do.
Kentucky has a
very rich history in stock car racing, going back before the time
when Darrell Waltrip came out of Owensboro.
However, no
matter what happens, nobody but Corbin Speedway ever be able to say
they had the first top-level NASCAR race in Kentucky.
There was a
200-lapper here back in 1954 when it was a half-mile dirt track. Lee
Petty won it in a '54 Chrysler. It was the week before Darlington, I
believe, and the elder Petty was on his way to his first
championship.
No matter what
y'all do up there, we was first. |