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An economist testified NASCAR owes $364.7M to two teams over disputed charters, calling the series a monopoly.
An economist testified in a federal antitrust trial that NASCAR owes $364.7 million to two racing teams, 23XI Racing and Front Row Motorsports, over disputed charter agreements.
Dr. Edward Snyder, a former Department of Justice antitrust expert, argued NASCAR’s control over tracks, teams, and cars creates a monopoly, citing a 45% revenue share in Formula 1 versus NASCAR’s 25%.
He estimated teams lost $1.06 billion from 2021 to 2024, with 23XI seeking $215.8 million and Front Row $148.9 million.
The teams claim the 2024 charter deal was coercive.
NASCAR disputes the figures and methodology, and the trial continues with more witnesses expected.
Un economista testificó que la NASCAR le debe $364.7 millones a dos equipos por contratos en disputa, y llamó a la serie un monopolio.