Former track owners abandon NASCAR lawsuit
The former owners of Kentucky Speedway are done fighting with
The group announced Friday that it will not exercise any
remaining legal options in its four-year battle against NASCAR and
International Speedway Corp.
Last week a federal appeals court rejected claims by the
former owners that NASCAR and ISC violated federal antitrust laws
by working with other tracks to keep the 1.5-mile tri-oval in
northern Kentucky from getting a coveted Sprint Cup race.
Former owner Jerry Carroll said while his group still
believes in the merits of the case, it was time to move on.
The owners sold the track to Speedway Motorsports Inc., last
year. SMI owner Bruton Smith said he’s hopeful that with the case
resolved he can bring a Cup race to the track in 2011.