Lowes wanting out?

[MountaineerTom]

From Jayski's

 

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A Las Vegas Review-Journal columnist says a Speedway Motorsports roundup of Tony Stewart merchandise may be a sign that the Lowe's Home Improvement chain wants out of its 10-year, $35 million naming rights deal with Lowe's Motor Speedway. Jeff Wolf writes that all SMI tracks have returned to SMI headquarters the souvenirs of Stewart, who is sponsored by Lowe's rival Home Depot. "One fly on the wall hinted that Lowe's might be trying to get out of its contract with the Charlotte track, and SMI is doing whatever it can to keep Lowe's from finding a way to back out of the deal," Wolf wrote Friday. Lowe's bought the naming rights to the former Charlotte Motor Speedway in 1999 for a reported $35 million over 10 years.(Winston Cup Scene daily newsletter)(5-11-2002)

[General Lee 01]

Well I will be very happy if this is true. I did not like it when they started calling Charlotte "Lowe's motor Speedway" and I still don't like it today.

[Elwood]

Well, I'm not a big fan of it either.  But I would say, if they're fighting to keep Lowes, then they'll probably just get another sponsor if Lowes leaves.  We'll just have to call it something else.  Charlotte Motor Speedway is probably not an option anymore.

[Guest Friz]

So Lowe's thinks that they can back out because the tracks sell Home Depot souvenirs?