It looks like the drama is finally settlings for Danica Patrick and Stewart Haas Racing.
Back in February Stewart Haas Racing announced that they would be filing a lawsuit agains Nature’s Bakery, Danica Patrick’s ex-sponsor, for “breaching their contract.”
The company was bound by contract to sponsor Danica for three years, but they breached their contract with two years to go. That apparently was the cherry on top of a number of other things that Nature’s Bakery did wrong behind the scenes.
Here’s the statement that SHR released when they filed the lawsuit:
“Nature’s Bakery is in material breach of its contract with Stewart-Haas Racing. It is an unfortunate situation, as the team has delivered on all aspects of its contract and was prepared to do so again in 2017. Ultimately, this is a situation that will be resolved in a court of law. Stewart-Haas Racing remains focused on its preparation for the 2017 NASCAR season where it will again field four entries in the Monster Energy NASCAR Cup Series while also introducing a full-time NASCAR Xfinity Series team. The litigation with Nature’s Bakery will not impact the organization’s on-track efforts.This is an action to recover substantial damages from the Defendants’ unfair trade practices and associated intentional and bad faith breaches of a multi-year primary sponsorship agreement associated with the #10 SHR race team.”
Now, months later, SHR has stated in a court filing Tuesday that it is close to reaching a settlement with Nature’s Bakery. According to the team, Nature’s Bakery was supposed to $15,212,000 each season to sponsor the team, and because they quit with two years to go, SHR has asked for an amount of around $31 million.
No word yet on the exact date of the settlement, but we’re just happy that it’s all almost over. After months of drama, the team is finally moving on from this incident. I’m sure both sides will be happy with it all being taken care of.