Overview
- The settlement ended the antitrust trial brought by 23XI Racing and Front Row Motorsports on its ninth day.
- NASCAR will distribute an amendment to charter holders to implement evergreen charters, contingent on mutual consent and execution.
- The financial terms of the agreement were not disclosed.
- Industry figures including Roger Penske, Rick Hendrick and NASCAR CEO Jim France praised the resolution as a foundation for long-term stability.
- Dale Earnhardt Jr. said permanence effectively turns charters into franchises that could drive up values and raise barriers to entry, and one team owner claimed their charters “doubled in value.”