Verisign Sues ICANN - Registrars Finance Lawsuit

So Verisign is suing ICANN.

Neat.

ICANN has a contract with Verisign to run .com and .net.

Verisign has contracts with registrars who sell .com and .net to end-users.

Verisign charges registrars $6.00 for each domain registration sold.

ICANN also has contracts with Registrars. These contracts stipulates that registrars fund a substantial portion of ICANN's budget.

Ergo twisto, this means that Registrars are financing Verisign's lawsuit against ICANN who is in turn using Registrar monies to defend it.

.com needs a better management team.