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NASCAR defends its charter system in antitrust lawsuit, citing $3B in guaranteed payments and stability.
NASCAR Commissioner Steve Phelps reaffirmed the organization's commitment to its charter system amid a federal antitrust lawsuit filed by 23XI Racing and Front Row Motorsports, stating the case is not an antitrust issue. The 2025 charter agreement includes over $3 billion in guaranteed team payments, 14-year charters through 2039, and a $1.5 billion enterprise value, with Phelps emphasizing the system's role in ensuring stability and growth. Despite ongoing mediation efforts and a December trial date, no resolution has been reached. The NASCAR Cup Series finale is set for Sunday at Phoenix Raceway.
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