NASCAR appears ready to transfer ownership of one of the charters held by 23XI Racing and Front Row Motorsports, who lost their charters following their antitrust lawsuit against NASCAR.
As part of ongoing litigation requirements, NASCAR’s Sanctioning Body filed a legal notice that it plans to issue a charter to a new entity, the identity of which was redacted, if a district court judge does not rule against the proposed agreement.
A district court judge had previously ruled that NASCAR could not move the charters until a decision has been rendered from a hearing scheduled for Thursday in Charlotte, N.C., and that NASCAR must notify all involved parties should they reach an agreement to transfer either of the disputed charters.
23XI Racing — whose owners include Michael Jordan and NASCAR driver Denny Hamlin — and Front Row Motorsports refused to sign a take-it-or-leave-it charter agreement NASCAR presented last September, while the other 13 organizations in the Cup Series proceeded to sign.
The two holdouts filed an antitrust lawsuit against NASCAR the following month and have been going back and forth in court since.
–Field Level Media
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