Two teams, two tracks file claims with former General Motors
By Bob Pockrass - Associate Editor
Tuesday, November 24, 2009
Two race teams and two race tracks have filed claims with the former General Motors, which was restructured through bankruptcy proceedings this summer.
The deadline for filing claims is Nov. 30, and according to an online claims register for the company (now known as Motorsports Liquidation Co.), 27,141 claims have been filed as of Nov. 16.
Among those:
• Dale Earnhardt Inc. is asking for $3,252,706.89 based on a contract it had with General Motors. What the contract was for was not specified.
• Daytona International Speedway is asking for $651,018.75 for a hospitality contract.
• JR Motorsports is asking for $198,000 for a sponsorship contract.
• Auto Club Speedway is asking for $45,500 for a hospitality contract.
No decisions on whether the race teams or tracks will get the money they believe they are owed have been made.
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11 responses to "Two teams, two tracks file claims with former General Motors". Post a Comment.
BILLFAN50 said:
Nov 24, 2009 at 1:02 PMGood luck on getting that money....
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» Confirm Abuse Reportoldgirl said:
Nov 24, 2009 at 4:24 PMAnd Teresa really needs an extra 3 mil!
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» Confirm Abuse ReportPhoenix987 said:
Nov 24, 2009 at 4:34 PMGood luck with that with a company that doesn't exist any more.
Report as AbuseThey'll be lucky to get a couple % of that...
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» Confirm Abuse ReportWerner said:
Nov 24, 2009 at 5:48 PMand i would think that money comes out of the taxpayers pockets?...
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» Confirm Abuse Reportracinghcr said:
Nov 25, 2009 at 12:38 AMObama and Pelosi will use American Taxpayer's MONEY involuntarily to pay these bills ! SOLUTION: Vote Obama's Socialists out in the next elections (2010 and 2012),and Purchase your next car or truck from America's only truly Independent (Non TAXPAYER BAILOUT !!)Auto Maker--American Owned FORD MOTOR COMPANY--DRIVE ONE !! The 2009 "Car of the Year" -the FORD FUSION or the 2009 "TRUCK OF THE YEAR"-the new FORD F-150 would be award-winning choices ! DRIVE ONE--You'll LOVE the QUALITY and Performance !
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» Confirm Abuse ReportBILLFAN50 said:
Nov 25, 2009 at 8:59 AMYour right Werner...My local newspaper stated that G.M. also owes Richmond Raceway $65,700.....
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» Confirm Abuse Reportriccary said:
Nov 25, 2009 at 9:07 AMWell, if Dale Earnhardt Inc. is asking for $3,252,706.89 which is NOT even a 1st class team, can you imagine what GM is paying Hendricks and Stewart WITH OUR TAXPAYERS MONEY.
Report as AbuseGannassi, you better jump on the Toyota band wagon as at least they have some money. GM's money is going to run out and I believe the taxpayers are sick of bailing out a losing comany.
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» Confirm Abuse Reportnascarnutsheeler said:
Nov 25, 2009 at 5:16 PMRACINGCHR, the same thing holds true up here in Canada and we have a minority consevative (the same as your Republicans) government. I'm a true blue Ford fan all the way. I honestly think that if all North Americans would buy AMERICAN automobiles instead of that OTHER stuff from accross the pond we would be in a lot better shape in North America. They probably won't post this.
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» Confirm Abuse Reportaustinh said:
Nov 25, 2009 at 9:20 PMGET A BRAIN FORD AND TOYOTA GAIN JUST AS MUCH FROM CFC OR MORE THEN GM DID FROM GOVERMENT BAILOUT ONLY DIFFERANCE IS THAT CFC IS FULLY FUNDED BY TAX PAYERS WHERE GM IS SUPOSE TO PAY BACK you can talk all the crap you want but MOST are smart enough to figure it out.Have a nice Day.
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» Confirm Abuse ReportHateda88 said:
Nov 26, 2009 at 1:38 AMHey morons GM paid back the loan last week. Can you read? More than any of the banks did.
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» Confirm Abuse Reportprrfan said:
Nov 26, 2009 at 5:55 PMracinghcr said "American Owned FORD MOTOR COMPANY--DRIVE ONE !! The 2009 "Car of the Year" -the FORD FUSION"
Report as AbuseBuilt only in Mexico. I'll take my Toyota built in the US by The UAW
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