23XI Racing, co-owned by Michael Jordan, missed NASCAR charter agreement deadline for fair negotiation.

23XI Racing, co-owned by Michael Jordan, missed a deadline to sign a new charter agreement with NASCAR, claiming insufficient opportunity for fair negotiation. Charter agreements are crucial for guaranteeing race participation and hold significant financial value. As one of the 36 teams with such a charter, this oversight may affect 23XI Racing's future in the sport under the new revenue model aimed at generating additional income for teams.

September 07, 2024
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