General Motors Cuts Sports Spending
Published: Tuesday, 14 Jul 2009 | 9:30 AM ET
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By: Darren Rovell
Sports Business Reporter

AP
GM Headquarters

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.

Here’s a glimpse at what the car company got rid of.

Track Agreements

California Speedway Corp. (Fontana) -– 70 suite passes w/ pit row
access, 35 VIP parking passes

Charlotte Motor Speedway –- 66 suite tickets, 16 pit passes, 10
parking passes

Daytona International Speedway –- 65 seats w/ 77 tickets, 11 parking
passes

Dover International Speedway –- 50 seats w/65 suite passes, 30 VIP

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

Grand Am Road Racing

National Hot Rod Association

National Muscle Car Association Event

Other Sponsorships Agreements

Oakland Raiders

USC Athletics

IMG Worldwide (official car)

http://www.cnbc.com/id/31903635/site/14081545

On Jul 15, 12:28*am, twisted <thenited... (AT) yahoo (DOT) com> wrote: