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NASCAR Chief Divorce Docs Show Wife Spent 'Staggering' Amounts

Image: NASCAR Chief Divorce Docs Show Wife Spent 'Staggering' Amounts
2005 photo of NASCAR Chairman and CEO Brian France with his then-wife Megan.

By    |   Thursday, 09 May 2013 12:27 PM

NASCAR CEO Brian France claimed his former wife Megan spent a "staggering" amount of his approximately $560 million fortune on her family and friends while the two were married twice.

Megan France countered her ex-husband's assertions in his divorce papers, claiming that France had been verbally abusive when he didn't get his way and spent little time with their two children, The Associated Press reported.

Court documents unsealed Wednesday revealed new details about the couple's bitter second divorce. France's lawyers had fought for years to keep the records confidential.

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Their first marriage lasted from 2001 to 2004. They married again in 2005 and the second divorce was finalized in 2008.

Several news organizations fought to unseal the documents, arguing those were public records, and a North Carolina appeals court last year agreed. So on Wednesday, 3,000 pages of documents were released, including dozens of court motions, depositions and emails.

According to statements in open court, the couple's 2008 separation agreement included paying Megan France $9 million, alimony of $32,000 a month for 10 years and $10,000 a month in child support.

Telephone messages left by the AP with the law firms representing each weren't immediately returned Wednesday.

A NASCAR spokesman told the AP on Wednesday evening that the organization doesn't comment on lawsuits.
The unsealed records showed Brian France is wealthy.

A 2005 financial statement included in the court documents show he had $564 million in total assets – including stock and real estate – and that he was likely to inherit "substantial wealth from his parents," which could exceed $1 billion. Founded by his grandfather, NASCAR is a multibillion dollar business and one of the most popular sports in the world.

But the records also show Brian France continued to fight after he agreed to the deal with his former wife.

Megan said she was the primary caregiver for their twin children born in 2006.

She said in the records that she was trying to create a stable home for them in Charlotte, while France spent most of his time in Daytona Beach, Fla., the headquarters for NASCAR.

"Brian has demanded that I make the children available whenever and wherever he desires," she said in a March 2, 2011 affidavit. "He expects me and the children to be at his `beck and call' regardless of the specific terms of the agreement."

She said that when she doesn't agree, he takes actions to "punish me," including withholding money.

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France, who has since remarried, also apparently hired a private investigator to delve into his former wife's whereabouts during their on-and-off 12-year relationship.

In the court documents, the NASCAR CEO further claimed that his wife had violated the terms of their confidentiality agreement by discussing the details of their settlement with her friends after the divorce and making a series of disparaging comments about him after their relationship disintegrated.

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NASCAR CEO Brian France claimed his former wife Megan spent a "staggering" amount of his approximately $560 million fortune on her family and friends while the two were married twice.
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2013-27-09
Thursday, 09 May 2013 12:27 PM
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