Gillett Evernham Motorsports Sues Robby Gordon
by Mike Irwin ~ September 4th, 2008 @ 4:06 pmGillett Evernham Motorsports has filed suit against Robby Gordon saying the owner/driver of Robby Gordon Motorsports violated terms of a tentative agreement that would have sold his team to GEM for $23.5 million earlier this year.
The deal, agreed to Jan. 29, was pending an audit and other due diligence from GEM, which could have adjusted the price.
If the deal had gone through, Gordon would have had a four-year driving contract with GEM that would have paid him $3 million annually plus 45 percent of race winnings as well as insurance and other provisions customary for NASCAR driver agreements – a package likely worth at least $5 million annually. Gordon also could have had a spot on the team’s board of directors. GEM would have acquired Gordon’s shop and property in Charlotte.





