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MotoGP: Valentino Rossi CAS Appeal Dropped, Case Closed

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Valentino Rossi has formally withdrawn his appeal against the three penalty points handed down to him in the clash at Sepang.

The Italian had originally appealed the three points handed down by Race Direction for the incident with Marc Marquez at Turn 14 at Sepang, first to the FIM Stewards, and after the FIM Stewards had rejected his appeal, to the Court of Arbitration for Sport.

After filing the appeal to the CAS, Rossi then filed an appeal for a stay of the three-point penalty. If that stay had been granted, then Rossi would not have had to start from the back of the grid at Valencia.

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Bikes

Volkswagen Ordered to Sell Its Stake in Suzuki

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The big news this week might be about how Volkswagen falsified emissions reports on its diesel-powered automobiles – a move that today lead to Volkswagen CEO Martin Winterkorn stepping down from his position in the company, and VW stock dropping nearly 30%, at the time of this writing.

Less well-known though is that Volkswagen has also lost its long-fought battle with Suzuki over the Japanese company’s stock ownership. VW and Suzuki were supposed to untie the knot back in 2011, but Volkswagen did not go quietly into that good night.

Taking the case to arbitration, the London Court of International Arbitration has finally handed the two parties its verdict. As such, Volkswagen will have to sell its 19.9% stake back to Suzuki.

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News

Erik Buell Racing Auction Scheduled for July 21st

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After shutting its doors, and putting the company into receivership, the legal process for Erik Buell Racing is moving right along, with a date now scheduled for the sale of the company’s assets.

Slotted to take place on July 21st, potential buyers will be able to bid on EBR’s assets, in bulk. All winning bids are of course subject to court approval, which will be granted/not granted quickly after the auction, on July 23rd.

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Racing

Jerez de la Frontera Circuit in Danger of Closing

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Spanish fans might get short-changed one of their four MotoGP rounds this year, as news comes that the managing group of the Jerez de la Frontera track has hit financial troubles. Missing a €2.5 million payment to the city of Jerez, courts have frozen Cirjesa’s assets (the company that oversees the circuit’s operations), which includes its payment to Dorna to host the Spanish GP round.

Jerez de la Frontera incurred these costs after re-vamping its facility back in 2005, a move which was financed by the Spanish city and other financial backer. With the land valued at €17 million, there is plenty of equity in the circuit to make good on the outstanding payment, and it looks like the city is eyeing the surrounding property for recompense on some of the full debt amount.

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News

Arizona Motorsports Park Wins Crucial Legal Battle to Re-Open Race Track in the Desert

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Arizona Motorsports Park, the $6 million, 155-acre, 16-turn, 2.23-mile racecourse outside of Glendale, Arizona, has won a crucial legal verdict from the Arizona Court of Appeals. The appellate court has ruled that the race track detrimentally relied on a permit provided by the county to build their facility, and is therefore entitled to continue using its property for racing events.

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