{"id":345884,"date":"2025-12-15T02:41:08","date_gmt":"2025-12-15T02:41:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/345884\/"},"modified":"2025-12-15T02:41:08","modified_gmt":"2025-12-15T02:41:08","slug":"nascar-team-investors-claim-charters-values-have-doubled-since-lawsuit-settlement-per-report","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/345884\/","title":{"rendered":"NASCAR team investors claim charters values have doubled since lawsuit settlement, per report"},"content":{"rendered":"

As part of the settlement agreement in the 23XI Racing and Front Row Motorsports vs. NASCAR<\/a> lawsuit, the sanctioning body granted permanent charters to all 15 Cup Series teams. Permanent charters were an item teams wanted in the Charter Agreement signed in August 2024, though NASCAR declined to give in to their demand. <\/p>\n

Since this past Thursday\u2019s settlement, several NASCAR team investors and executives believe charter values have gone up overnight, according to Adam Stern of Sports Business Journal<\/a>. The most confident team investors reportedly say that charter values have increased close to 100% since being made evergreen. <\/p>\n

For context, Legacy Motor Club reset the market this season when they acquired a charter from Rick Ware Racing for $45 million. Nearly all of the industry executives with ties to teams contacted by Stern agreed that the price for charters will at least top $50 million in the next valuation. Dale Earnhardt Jr. recently suggested<\/a> that number could be well higher. <\/p>\n

Dale Earnhardt Jr. sounds off on permanent NASCAR charters<\/p>\n

\u201cIf the charter remains nothing more than a guaranteed entry into a single event, I think then values remain where they are today. What the teams have recognized are if those charters were to become permanent and therefore basically a franchise, the values are well north of $150 million. So, you\u2019re sitting there with a charter that\u2019s worth let\u2019s say $25 million and by the stroke of Jim France\u2019s pen, it will now be $150 million,\u201d Earnhardt said on the latest\u00a0Dale Jr. Download<\/a>. \u201cIf you\u2019re a charter owner, of course you\u2019re hoping for that to happen. I believe, secretly, even the people that signed the Charter Agreement that someway, somehow, in the end, that these do become permanent. That is the ultimate decision that I think comes out of this whole trial.<\/p>\n

\u201cThey\u2019ll be some other little nuances of will 23XI and\u00a0Bob Jenkins\u00a0be rewarded some damages, will this lever get pulled, will this little thing get changed, will somebody lose a job, will this person get replaced? All those things may happen, could happen but ultimately, I think what we are deciding is do the charters become franchises, do they become permanent and realized in new value north of $150 million?\u201d<\/p>\n

With charters now permanent, expect a \u201cgigantic barrier of entry,\u201d Earnhardt said: \u201cIf that happens, there is no going back. Like, it changes the sport forever. You\u2019ll basically have 36 franchises \u2014 however many cars start a race \u2014 they\u2019ll be the franchises, owned and valued and they will sell and trade from one entity to another over the course of decades and centuries, however long this goes. They\u2019ll be a gigantic barrier of entry.<\/p>\n

\u201cAs we\u2019ve known racing for 75 years, if you wanted to build a Cup car and show up at a race and try to compete, you did. Probably not gonna go all that well, you\u2019re gonna compete against the regular teams and that\u2019s what it was, but you could. That\u2019ll be gone forever.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"As part of the settlement agreement in the 23XI Racing and Front Row Motorsports vs. NASCAR lawsuit, the…\n","protected":false},"author":2,"featured_media":345885,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[446],"tags":[49,48,634,82],"class_list":["post-345884","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nascar","tag-ca","tag-canada","tag-nascar","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/345884","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=345884"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/345884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/345885"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=345884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=345884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=345884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}