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Racing school auction depends on what’s in a name

The sprawling Bob Bondurant School of High Performance Driving on the Gila River Indian Community has been auctioned for $1.65 million in bankruptcy court, but that bid is jeopardized by a fight over whether the winning bidders get to keep the Bondurant name and memorabilia. / Special to the Tribune

By Paul Maryniak | East Valley Tribune

The internationally renowned Bob Bondurant School of High Performance Driving could be under new ownership by May if a big question can be answered to the new owners’ satisfaction:

Can it still be called the Bob Bondurant School if its namesake no longer has anything to do with the legendary automobile racing-training facility?

A federal bankruptcy judge last month approved the school’s sale for $1.67 million – if the winning bidder can work out a lease with the tribal firm that owns the land as well as resolve a dispute over the use of the Bondurant name.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.