- Lead-Lap.com - http://lead-lap.com -
Front Row Motorsports Suing Conway, ExtenZe
Posted By Michael J Smith On September 15, 2010 @ 6:22 pm In Cup | 1 Comment
Front Row Motorsports is suing its former driver, Kevin Conway, and sponsor, Biotab Nutraceuticals, which sells ExtenZe, for non-payment of part of a sponsorship deal for Conway to drive a Sprint Cup entry for the team this season.
The lawsuit was filed on Sept. 13 in North Carolina. FRM is suing for damages to cover nearly $2.8 million of the $5.4 million contract, more than $730,000 to cover fees and expenses for services rendered, and another $135,000 that was advanced to Conway as part of his base compensation.
While a spokesman for the race team declined to comment, Conway spoke to SceneDaily.com  about the suit. He said:
It’s really unfortunate that they’ve made some pretty outrageous allegations against us and the good thing is we’ll have our day in court, and the truth will all come to light in the months ahead. Unfortunately, I can’t really comment on the specifics.
Under the terms of the contract, ExtenZe was to pay the race team via Conway’s marketing company, Exclaim, in 50 weekly installments. The contract covered the first 15 races, leaving ExtenZe with the option of sponsoring the remaining 21 races through revenue from a product placement contract.
At the end of June, accoring to the suit, Exclaim began paying only half of the weekly payment it owed FRM. FRM informed Conway that if the team was not paid the full weekly fee, he would be out of the car at the Michigan race.
Article printed from Lead-Lap.com: http://lead-lap.com
URL to article: http://lead-lap.com/2010/09/15/front-row-motorsports-suing-conway-extenze/
URLs in this post:
 Image: http://lead-lap.com/wp-content/uploads/2010/09/conway1.jpg
 SceneDaily.com: http://www.scenedaily.com/news/articles/sprintcupseries/Front_Row_sues_former_driver_Kevin_Conway_Extenze_over_portion_of_54_million_sponsorship_deal.html
 did not compete at Michigan: http://lead-lap.com/2010/08/09/conway-on-thin-ice-at-front-row-motorsports/
 seven of the final 10 races: http://lead-lap.com/2010/09/01/rgm-signs-conway-extenze-for-rest-of-season/
Copyright © 2009 mikejsmith.net. All rights reserved.