anonymous

Anonymous

NEWMAN, BURTON AND WALLACE LOSE GM SPONSORSHIPS

Posted 07/15/09 at 11:11 AM PDT by Joe Donatelli | Email This |

The fallout from the government takeover of General Motors and the company's declaration of bankruptcy continues. On Monday the judge overseeing GM's bankruptcy case gave the automaker permission to end 56 promotional contracts, including those of Ryan Newman, Jeff Burton and owner Rusty Wallace, The Wall Street Journal reports. In the case of Burton, the driver will no longer make personal appearances and perform other duties on behalf of GM, but will continue to drive a Chevrolet, according to a spokesman for Richard Childress Racing.
 
The Journal reports:

GM canceled its “motorsport sponsorship agreement” with Wallace’s RWI Racing LLC and its “sponsorship services agreement” with Ryan Newman Motorsports Inc. but did not detail the nature of those deals.

GM also scraped deals with five race tracks, including Daytona International Speedway and Charlotte Motor Speedway, where the auto maker gave up suites, pit passes and parking permits.

Other contracts GM eliminated Monday included: the naming rights to Oldsmobile Park, a minor league baseball stadium in Lansing, Mich., sponsorship of The Arnold Palmer Invitational golf tournament and promotional agreements with the National Football League’s Oakland Raiders and University of Southern California’s athletic department.

NASCAR stars lose GM sponsorships (The Wall Street Journal)

0 Comments

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd><blockquote></blockquote>
  • Lines and paragraphs break automatically.
  • Pairs of<blockquote> tags will be styled as a block that indicates a quotation.

More information about formatting options

Featured Stories
 
NASCAR SPONSOR KIM KARDASHIANNASCAR SPONSOR KIM KARDASHIAN
//MORE


819 views

 
15 ESSENTIAL NASCAR TWITTER FEEDS15 ESSENTIAL NASCAR TWITTER FEEDS
//MORE


294 views

 
YOU MAY BE INFECTED WITH DANICA FEVERYOU MAY BE INFECTED WITH DANICA FEVER
//MORE


2,880 views

 
KRISTA VODA GALLERYKRISTA VODA GALLERY
//MORE


1,943 views

 

Hot Links 

Troubled times perusade France to 'step up' (Scene Daily)
Danica to race Saturday; female drivers worldwide vindicated (ESPN)
Harvick wins Bud Shootout (AP)
Gordon, wife expecting second adorable child (People)
Johnson has strong words for Hornish (ESPN)
Police warn of credit card thefts at tracks (Daytona Beach News-Journal)
Petty's wife has lymphoma (AP)
With rules loosened, NASCAR rivalries might heat up (USA Today)

Hot Links 

LOLnascar
36 Races
From the Marbles
The NASCAR Insiders
MoonDog Sports
Just a Guy Thing
Men's Guide
Funny Stuff
Funny Videos
MMA News
Shocking Videos
Movie Reviews
Money Tips
MANVITE 
Time Wasters
Dave and Thomas
Super Bowl Ads
Check out our NASCAR crashes
Technorati Profile
Add to Technorati Favorites

Top Forum Topics
Day One: Torn Up Race Cars

41 views | 0 replies in the last hour

replies
2010 NASCAR Season

132 views | 0 replies in the last hour

replies
Daytona 500

334 views | 0 replies in the last hour

replies
How will Danica do in her first year in NASCAR?

1057 views | 0 replies in the last hour

replies