In order to emerge from bankruptcy protection, General Motors had the legal right to reject contracts that it had previously signed. GM has now emerged from bankruptcy, but 54 sponsorship agreements it terminated as part of the bankruptcy were filed with the courts yesterday. Some NASCAR related cuts mentioned in the article: Track Agreements California Speedway Corp. (Fontana) -“ 70 suite passes w/ pit row access, 35 VIP parking passes Daytona International Speedway “- 65 seats w/ 77 tickets, 11 parking passes Dover International Speedway “- 50 seats w/65 suite passes, 30 VIP Lowe’s Motor Speedway “- 66 suite tickets, 16 pit passes, 10 parking passes Richmond International Speedway “- 60 person suite, 30 pit passes, 15 parking passes Racing Team Sponsorship Agreements Jeff Burton, personal service agreement (RCR) Ryan Newman Motorsports Other Sponsorships Agreements IMG Worldwide (official car)(CNBC)(7-14-2009)
