Texas Court Affirms $1.9 Million Binding Arbitration Award Against Superbike World Champion Ben Spies In Contract Dispute With Agent

Texas Court Affirms $1.9 Million Binding Arbitration Award Against Superbike World Champion Ben Spies In Contract Dispute With Agent

© 2010, Roadracing World Publishing, Inc.

Categories:

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.

Latest Posts

Max Van Joins Vision Wheel M4 ECSTAR Suzuki

MAX VAN JOINS VISION WHEEL M4 ECSTAR SUZUKI FOR...

KTM Restructuring Plan Approved, Production To Resume Mid-March

KTM AG's restructuring plan accepted by creditors! With a calculated...

R.I.P.: Motorcycle Designer, Racer, Author, Ad Man Mick Ofield

Retired motorcycle racer, designer, and Roadracing World contributor and...

World Superbike: Starting Over From Scratch

First Person/Opinion By Michael Gougis The outcry probably started before the...

Canadian Superbike: Dumas Signs With BMW Motorrad Canada

BMW Motorrad Canada unveils teams and riders for 2025...