Will lawsuit result in breakup of NASCAR?

We have long contended that NASCAR is a monopoly. Now the courts in the Kentucky Speedway case must decide whether the "bully" of USA racing should, dare we say, be broken up.

As part of their federal anti-trust lawsuit against NASCAR and International Speedway Corp., Kentucky Speedway lawyers are apparently raising questions about the exact ownership of NASCAR.

The questions appear in a memorandum following a Friday conference call among lawyers for Kentucky Speedway, NASCAR and International Speedway Corp. with U.S. District Court Magistrate Judge J. Gregory Wehrman.

According to the judge's memorandum, the track is asserting that Chairman and CEO Brian France owns no stock in the sanctioning body, something France has declined to comment on in the past. The memorandum says his sister, Lesa France Kennedy, and uncle, Jim France, own a majority of the sanctioning body.

Kentucky Speedway is suing NASCAR and ISC, in U.S. District Court in Kentucky on anti-trust grounds. Kentucky Speedway alleges that NASCAR and ISC illegally conspire to keep Nextel Cup dates away from non-ISC tracks. More at Scenedaily.com