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From the "Don't Tick Off Carroll Shelby Department" comes the continuing saga which is the SAAC vs. the performance Mustang patriarch. We told you earlier about the feud between Shelby and SAAC owners Rick Kopec and Ken Eber over the cancellation of the Shelby club's license, and as of yesterday, the contract officially expired. Since the SAAC's license is now void and Shelby owns the trademark to the SAAC name, the Texas tornado has filed a lawsuit to ensure Kopec and Eber follow the original 1999 contract both before and after its termination. That includes everything from ceasing to use the Shelby name to handing over financial documents over to Shelby Licensing.
Shelby explained his reasoning for pulling the license back in December, stating that Kopec and Eber had ignored Shelby's requests to follow the licensing agreement. Shelby also accused the two of selling memorabilia that was loaned to the club by Shelby, which may explain why Shelby wants to inspect the club's books. To prove that this whole mess wasn't about money, Shelby has offered other clubs the use of his name for $1 per year. We're hoping that the 5,000 members of the SAAC can find a new club to find home, but at $1 per year, the stranded members can start their own club. Check out Shelby's press release after the jump.[Source: Shelby Licensing]
Continue reading Carroll Shelby files lawsuit against SAAC to enforce agreement
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From the "Don't Tick Off Carroll Shelby Department" comes the continuing saga which is the SAAC vs. the performance Mustang patriarch. We told you earlier about the feud between Shelby and SAAC owners Rick Kopec and Ken Eber over the cancellation of the Shelby club's license, and as of yesterday, the contract officially expired. Since the SAAC's license is now void and Shelby owns the trademark to the SAAC name, the Texas tornado has filed a lawsuit to ensure Kopec and Eber follow the original 1999 contract both before and after its termination. That includes everything from ceasing to use the Shelby name to handing over financial documents over to Shelby Licensing.
Shelby explained his reasoning for pulling the license back in December, stating that Kopec and Eber had ignored Shelby's requests to follow the licensing agreement. Shelby also accused the two of selling memorabilia that was loaned to the club by Shelby, which may explain why Shelby wants to inspect the club's books. To prove that this whole mess wasn't about money, Shelby has offered other clubs the use of his name for $1 per year. We're hoping that the 5,000 members of the SAAC can find a new club to find home, but at $1 per year, the stranded members can start their own club. Check out Shelby's press release after the jump.[Source: Shelby Licensing]
Continue reading Carroll Shelby files lawsuit against SAAC to enforce agreement
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More...