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NASCAR president Steve Phelps has told 23XI Racing that “NASCAR has made several concessions and compromises” while negotiating the 2025 Charter Agreement, in a letter signed by Phelps to the organ…
NASCAR president Steve Phelps has indicated that NASCAR has made concessions and compromises during negotiations for the 2025 Charter Agreement with 23XI Racing, outlined in a letter sent to the organization recently. The letter was presented as part of exhibits released in a legal filing by 23XI Racing and Front Row Motorsports, seeking to race as charter teams in 2025 without relinquishing their antitrust claims. Phelps mentioned various agreements reached with NASCAR, including advancing renewal obligations, extending term length, and creating a team advisory committee for strategic decisions. NASCAR also agreed to absorb website costs and lowered transfer fees, while increasing financial benefits for teams at the expense of other industry stakeholders. This correspondence sheds light on NASCAR’s stance amid the lawsuit, as they have not publicly commented on the matter.
