Team owners have told The Associated Press that NASCAR’s most recent proposal was one of the worst offers yet. Among the complaints: The France family that owns NASCAR would be able to buy charters.
Drivers make their way through the track during a NASCAR Cup Series auto race at Sonoma Raceway, Sunday, June 9, 2024, in Sonoma, Calif. That piece of goodwill hardly made things sunshine and roses over the weekend at Sonoma Raceway, where teams remained extremely frustrated with NASCAR ’s slow pace at coming to a new charter agreement.
When team owners pushed back at NASCAR owning and operating race teams, they said they were sternly informed it is no different from IndyCar, which is owned by Roger Penske, who also fields three cars in that series. It also was noted that NASCAR owns the IMSA sports car series, and one of the teams is owned by chairman Jim France.
NASCAR’s latest offer was for charters that are guaranteed for seven years, and an option for another seven years after that. It also included a cost cap and, in addition to the France family being allowed to buy charters, a provision in which NASCAR would allow private equity firms to buy into charters.
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