Metro and its five-member fair board have sued a former racing operator team, claiming it breached its contract after failing to pay $106,200 in rent payments and writing $3,000 in bad checks.
The defendants in the suit, Bobby Hamilton Jr. and Chad Chaffin, who formed the group Fairgrounds Speedway USA, could not be reached for comment. According to the suit, filed in Davidson County Chancery Court on March 12, the defendants failed to hand over $53,100 for each year of the group’s two-year lease agreement with the fair board.
Hamilton and Chaffin teamed up to manage races at the fairgrounds speedway for the 2011 season. The fair board has hired Tony Formosa Jr. to hold races for this summer’s 2012 racing season.
Hamilton’s 2011 run at the fairgrounds speedway ended abruptly when he was forced to cancel the popular All American 400 after these financial woes, cited in the suit, first began to arise.