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82% Informative
2 teams suing NASCAR ask court to allow them to compete under new charter agreement as case proceeds.
23XI Racing, owned by Michael Jordan , Denny Hamlin and Curtis Polk , and Front Row Motorsports , sued NASCAR and chairman Jim France .
The charter system is a revenue-sharing model that is similar to a franchise in other professional sports.
Teams accused NASCAR of being “monopolistic bullies" after refusing to sign new charters proposed by series.
Among the items requested are contracts with independent owned racetracks that have hosted Cup Series races since 2016 .
NASCAR ’s acquisitions of International Speedway Corporation (ISC) and Automobile Racing Club of America (ARCA) The France family is seeking a preliminary injunction ruling that 23XI and Front Row Motorsports have a legally protected right to race.
VR Score
85
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