{"id":98133,"date":"2025-08-26T11:16:11","date_gmt":"2025-08-26T11:16:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/98133\/"},"modified":"2025-08-26T11:16:11","modified_gmt":"2025-08-26T11:16:11","slug":"nascar-ready-to-transfer-charter-tied-to-lawsuit-with-23xi-and-frm","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/98133\/","title":{"rendered":"Nascar ready to transfer charter tied to lawsuit with 23XI and FRM"},"content":{"rendered":"

23XI and FRM cite \u2018irreparable harm\u2019 if charters were to be sold before trialDocuments imply 23XI driver is looking to leave outfit ahead of next season<\/p>\n

Nascar has revealed it will sell one of the disputed charters in its lawsuit with 23XI Racing and Front Row Motorsports (FRM) should a ruling not be issued to prevent the transaction.<\/p>\n

The series has a redacted buyer lined up after announcing it had \u2018many eager potential entrants\u2019 in a statement released last week<\/a>.<\/p>\n

The six charters previously owned by 23XI and FRM are currently in limbo \u2013 Nascar has technically regained possession of them but cannot act on any third-party interest until the dispute is resolved in December.<\/p>\n

Since July, 23XI and FRM have been competing as open entries following a ruling by the US Court of Appeals, which overturned the injunction agreed upon\u00a0in December 2024<\/a>. This injunction had allowed the teams to continue as chartered entries while pursuing their lawsuit against Nascar.<\/p>\n

Related posts:<\/p>\n

If the court was to approve this sale, this would be terminal for the operations of 23XI and FRM \u2013 and the teams have responded as such.<\/p>\n

The teams pointed to the \u2018irreparable harm\u2019 they would suffer if the charters were sold before the trial as both 23XI and FRM would be out of business as a result \u2013 not just because of the financial cost of operating as open teams, but due to sponsors and drivers likely departing.<\/p>\n

The statement to the court also included a heavily redacted section that implies a 23XI driver is already seeking to leave the outfit as a result of the uncertainty.<\/p>\n

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