Carroll Shelby Licensing Response

[427TJ]

[ QUOTE ]
Shelby has also been giving out the checks as raffle prizes so he had already have insurance against that baby choking.

[/ QUOTE ]

Yeah, I suppose his lawyers would have thought of that a long time ago.

[Canuck]

Read in Car and Driver that the Carroll Shelby Foundation has amassed $3,000,000 in assets since its founding. The majority of the accumulation has come from the sale of special cars donated by Ford and auctioned at various auctions. It further stated that the foundation has only disbursed 1% of its receipts.
Hmmmmmmmmmmmmmm.

[Charley Lillard]

That is true but in defense of Shelby he has stated he wants to build the fund up to the point where he can dole out interest of the funds so it keeps on growing after he is gone.

[427TJ]

Ditka's in the same hot water with his NFL player's charitable fund--very little disbursement to needy ex-players.

[prototype]

Many trust funds operate this way. The Getty Museum has enough funds set aside to maintain the museum in perpetuity as well as continue collecting art.

[GeorgeLyons]

SAAC has been a superb guardian/custodian of these records that have clearly made Shelby cars a safe collectible with a very organized history. Thay have always been willing to share any and all documentation with people owning or contemplating purchases. They do this for little or no money and the published registries are readily available for a fair price. It's very clear to me that somebody has got Shelby's ear that this info could now be a perpetual source of income and WE can make some $$$$. Shelby was a very dedicated supporter of SAAC and was outspoken in his appreciation of their work to maintain his cars history. Shelby and I spent some memorable one on one time on a Carribean cruise with our wives about 15 years ago and discussed briefly how great it was that SAAC had his cars so clearly documented unlike so many other collectible cars. I do have photos but unfortunately no audio. This whole mess makes me both sick and irritated. I for one hope Shelby comes to his senses and settles this amicably with SAAC so they can continue their good work in keeping these great cars history alive and available.