23XI Racing and Front Row Motorsports have settled their lawsuit with NASCAR<\/p>\n
23XI Racing and Front Row Motorsports were in court, suing NASCAR for alleged anti competitive practices. On Thursday, the two sides agreed to a settlement.<\/p>\n
The two teams will receive an undisclosed amount. 23XI and FRM will now have their charters returned.<\/p>\n
NASCAR lawsuit settled; Comments from both sides<\/a><\/p>\n In turn, all charter holders will have the option to sign an updated charter agreement. Evergreen charters have entered the agreement, making the charter system permanent.<\/p>\n This is something that all teams were looking for during the negotiations, years ago. NASCAR has just agreed to give it to them. <\/p>\n Rick Hendrick, owner of Hendrick Motorsports is pleased that it\u2019s over with\u2026<\/p>\n Rick Hendrick comments<\/p>\n \u201cMillions of loyal NASCAR fans and thousands of hardworking people rely on our industry, and today\u2019s resolution allows all of us to focus on what truly matters \u2013 the future of the sport,\u201d Rick Hendrick stated.<\/p>\n \u201cFor more than 40 years, NASCAR racing has been my passion. I believe deeply in what we can accomplish when we work together.\u201d<\/p>\n \u201cThis moment presents an important opportunity to strengthen our relationships and recommit ourselves to building a collaborative and prosperous future for all stakeholders. I\u2019m incredibly optimistic about what\u2019s ahead.\u201d<\/p>\n Hendrick concluded, \u201cWhen our industry is united, there\u2019s no limit to how far we can go or how much we can grow the sport we love.\u201d<\/p>\n Hendrick Motorsports lost $20M despite 2 NASCAR championships<\/a><\/p>\n Links<\/p>\n NASCAR<\/a>\u00a0|\u00a0Hendrick Motorsports<\/a>\u00a0|\u00a023XI Racing<\/a>\u00a0|\u00a0Front Row Motorsports<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"23XI Racing and Front Row Motorsports have settled their lawsuit with NASCAR 23XI Racing and Front Row Motorsports…\n","protected":false},"author":2,"featured_media":342230,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[446],"tags":[49,48,4387,3140,114890,4386,634,3628,8354,10031,13948,82],"class_list":["post-342229","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nascar","tag-ca","tag-canada","tag-chase-elliott","tag-cup-series","tag-jim-france","tag-kyle-larson","tag-nascar","tag-nascar-cup","tag-nascar-cup-series","tag-ncs","tag-rick-hendrick","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/342229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=342229"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/342229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/342230"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=342229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=342229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=342229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}