NASCAR has labeled the antitrust lawsuit filed by 23XI Racing and Front Row Motorsports (FRM) as “meritless.” The lawsuit alleges NASCAR unfairly allocates revenue and restricts team ownership.
Key points from the lawsuit include:
– Revenue distribution: 23XI and FRM claim NASCAR’s revenue sharing model unfairly favors established teams.
– Ownership restrictions: Plaintiffs argue NASCAR’s approval process for new owners stifles competition.
– Charter system: The lawsuit challenges NASCAR’s charter system, claiming it limits team ownership and creates barriers to entry.
NASCAR remains confident in its position, emphasizing the lawsuit’s lack of merit. The organization is prepared to vigorously defend its business practices and governance structure.
Leave a Reply