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NASCAR Chairman Jim France Stands Firm on Charter Stance, Citing Parents' Advice
Plaintiffs claim NASCAR’s charter system and exclusivity agreements block competition and depress payments, with economist calculating $364.7 million owed in damages.
- On Dec. 8, the federal trial at the Charles R. Jonas Federal Building entered its second week as economist Edward A. Snyder testified that NASCAR owes $364.7 million to 23XI Racing and Front Row Motorsports.
- Plaintiffs' filings say the charter system, sanctions and technical car restrictions block entrants, while long-term track exclusivity agreements prevent rival stock car series and limit team earnings.
- Comparing leagues, Snyder likened NASCAR to Formula 1 while noting NASCAR held $2.2 billion in assets and about $5 billion equity during the studied period.
- Judge Kenneth D. Bell ordered longer court hours after slow proceedings with only two witnesses put the original two-week plan at risk, while both sides prepare more testimony including Steve Phelps, Richard Childress and Jim France as NASCAR defense team prepares 16 witnesses.
- Internal texts revealed concern about rival series like SRX and efforts to block competitors, while Heather Gibbs of Joe Gibbs Racing recalled Joe Gibbs, team owner, pleading with Jim France amid pressure, involving Michael Jordan, co-owner of 23XI Racing.
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NASCAR Antitrust Trial Slows in Week 2 as Economic Evidence Builds
The second week of the federal NASCAR antitrust trial between 23XI Racing, Front Row Motorsports, and NASCAR opened Monday, Dec. 8, with long testimony and a courtroom that grew more tense as the day went on. Judge Kenneth D. Bell, frustrated with delays, extended court hours by an extra hour for the rest of the week.He said the trial needed to move faster after early-morning objections and filings pushed back the start time. Much of the day foc…
·New York, United States
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Coverage Details
Total News Sources13
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
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