NASCAR is requesting a bond from 23XI Racing and Front Row Motorsports as a financial safeguard in their ongoing lawsuit concerning the charter system.
NASCAR is seeking a bond from 23XI Racing and Front Row Motorsport s as a safeguard against potential financial payouts in their ongoing lawsuit. NASCAR argues that the bond is crucial to protect its financial interests, especially if they prevail in future legal proceedings. The teams, however, claim the bond is unnecessary and NASCAR benefits from their participation through marketing and exposure.
This lawsuit, filed in October 2024, centers around NASCAR's charter system introduced in 2016 with updates in 2025. 23XI Racing and Front Row Motorsports allege the agreements are unfair, creating barriers to competition and primarily benefiting NASCAR and its executives. A preliminary injunction granted in December 2024 by Judge Kenneth D. Bell was a victory for the teams, allowing them to maintain their charter status for the 2025 season and purchase additional charters. NASCAR, in seeking the bond, states that the injunction effectively creates a contract for the 2025 season and that the bond is necessary to recover benefits provided to the teams in case NASCAR is successful on appeal
NASCAR 23XI Racing Front Row Motorsports Charter System Lawsuit Bond
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