SAAC and Carroll Shelby Legal Battle Resolved
You may remember towards the end of 2007 Carrol Shelby Inc cancelled their licensing agreement with the SAAC and bitter legal battle ensued. Almost a year on now and it appears things have been resolved according to an SAAC press release. Check it out after the jump.
The problems started when Shelby complaied that the SAAC was making profit off his name by selling memorabillia while not providing himself with appropriate financial statements. SAAC responded by claiming they only made enough to run the business. Press releases were fired back and forth and now what seems to be a final press release which appears to put an end to the battle.
August 08, 2008 – The Shelby American Automobile Club has reached an agreement with Carroll Shelby and his companies to end the legal battles and return to the normal life of having fun and enjoying the people and the cars of our hobby. Today, August 8, 2008, an agreement was signed, putting behind us the turmoil and uncertainty that accompanied this legal conflict. We are now and forever the Shelby American Automobile Club. This is the result of some very hard work by people from both organizations. Rick and Ken, as well as efforts by Dave Mathews, Ron Richards and Dave Winkler at SAAC… and Amy Boylan and Carroll Shelby at CSL and Shelby Autos. … all worked through the negotiations that settled any and all disagreements and put us all on the same page… where we can all get back to enjoying the cars and the history of Shelby American. Much more detail to follow over the next few weeks, but, now more than ever: ….. don’t miss the celebration at SAAC-33… We’ll be there…Team Shelby will be there… this is what it’s all about. Spread the word……It’s over.
© 2008, 67mustangblog.com. All rights reserved.