Corner5
01-28-11, 04:54 PM
From AR1-
"CV Sports files lawsuit against IMS and IndyCar CV Sports, who helped broker the IZOD sponsorship deal with IndyCar on Thursday filed a lawsuit against the Indy Racing League LLC and the Indy Motor Speedway in Marion County, Indiana alleging Breach of Contract, Unjust Enrichment, Tortious Interference with Contractual Relationships, Tortious Interference with Business Relationships, and Defamation.
In a nutshell CV Sports feels that IndyCar has tried to cut them out of their fair commission for work they performed in bringing IZOD to the table with IndyCar that resulted in IZOD agreeing to become the title sponsor of the IndyCar World Series in a multi-year deal they claim has an overall value of as much as $100 million."
I read the copy and its a doozy!CV Sports has been hooking up IMS/IRL and IRL teams with sponsors since 2004 for 10% fee. CV Sports brought IZOD (PVH) to IMS/IRL at their request for an "Apparel industry Sponsor" and then IMS eventually cut them out of the picture and didn't pay them.
Howard Jaffe of CV Sports has been refused a hard card and IMS/IRL have threatened any teams that work with him or his company. It says this has cost Andretti 2 team sponsorships.PVH has cut off their communication with CVS also at the request of IMS/IRL.
Also turns out they told CVS they had no contract with any other agency to find a title sponsor, but they did ,with JMI(Just Marketing International), which required they got paid no matter who brought in the title sponsor. They got a percentage without doing anything.
This is typical IMS/IRL business dealings.
:tony::gomer::tony:
"CV Sports files lawsuit against IMS and IndyCar CV Sports, who helped broker the IZOD sponsorship deal with IndyCar on Thursday filed a lawsuit against the Indy Racing League LLC and the Indy Motor Speedway in Marion County, Indiana alleging Breach of Contract, Unjust Enrichment, Tortious Interference with Contractual Relationships, Tortious Interference with Business Relationships, and Defamation.
In a nutshell CV Sports feels that IndyCar has tried to cut them out of their fair commission for work they performed in bringing IZOD to the table with IndyCar that resulted in IZOD agreeing to become the title sponsor of the IndyCar World Series in a multi-year deal they claim has an overall value of as much as $100 million."
I read the copy and its a doozy!CV Sports has been hooking up IMS/IRL and IRL teams with sponsors since 2004 for 10% fee. CV Sports brought IZOD (PVH) to IMS/IRL at their request for an "Apparel industry Sponsor" and then IMS eventually cut them out of the picture and didn't pay them.
Howard Jaffe of CV Sports has been refused a hard card and IMS/IRL have threatened any teams that work with him or his company. It says this has cost Andretti 2 team sponsorships.PVH has cut off their communication with CVS also at the request of IMS/IRL.
Also turns out they told CVS they had no contract with any other agency to find a title sponsor, but they did ,with JMI(Just Marketing International), which required they got paid no matter who brought in the title sponsor. They got a percentage without doing anything.
This is typical IMS/IRL business dealings.
:tony::gomer::tony: