P1racenews AI automatic summary:
The NTT IndyCar Series has announced the establishment of a new charter system within the series aimed at providing value for team owners.
“10 established teams have accepted charters for 25 entries, with each team capped at three based on full-time entrants over the past two years. These charters aim to provide team owners with a tangible value for participating in IndyCar, including a guaranteed spot on the grid for each race except for the Indianapolis 500. The charters can be sold and their value is determined by market interest, creating an additional asset for team ownership. Teams are now expected to downsize to three cars per team, with larger teams like Chip Ganassi Racing planning to go from five to three cars starting in 2025. The charter system has been seen as a crucial development for the sport, aligning team ownership with a more stable and valuable future vision for IndyCar.”
