The three-year deal was supposed to be worth #4.8 million; $1.5 million this year, $1.6 million next season and $1.7 million in 2009. According to a suit filed in U.S. District Court in Georgia, Rockford-Montgomery Labs has not paid for the sponsorship, with an initial check for $150,000 bouncing in February. Rockford-Montgomery is already being sued for non-payment by the company contracted to manage its motorsports marketing program, and by Morgan-McClure Motorsports, which is suing over a $10.1 million sponsorship deal signed in June of 2006 for the 2007 season. Rockford-Montgomery Labs backed out of that contract, saying that Morgan-McClure’s inability sign a driver left it with insufficient time to prepare promotional materials.
Bill Davis Racing team owner Bill Davis told Sirius Speedway earlier this week that he does not expect 360 OTC to return as a sponsor next season.
No comments:
Post a Comment