© 2015, Roadracing World Publishing, Inc.
by John Ulrich
(This original, copyrighted material may not be copied, cut and pasted, published or otherwise reproduced in any way in any medium, which means, don’t post this on another website or BBS. If you want somebody else to see this, send, share or tweet a link or post a link to this page.)
A District Court in Dallas County, Texas today affirmed a binding arbitration award and entered a judgment ordering Superbike World Champion Ben Spies and Speez Racing LLC to pay agent Doug Gonda and his company Protac, Inc. $1.9 million.
Spies' legal team had claimed that the arbitration award was not binding and that the three-person arbitration panel had erred in its finding. The Texas court rejected those arguments and confirmed that Spies owes his former agent $1.9 million, based on 15% commission on 2009-2010-2011 sponsorship deals and contracts negotiated for Spies by Gonda.