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NASCAR teams have hired antitrust lawyer Jeffrey Kessler to advise them as terms of a new revenue sharing model have not yet been agreed upon. The Associated Press reported Kessler’s hiring on Sund…
NASCAR teams have hired antitrust lawyer Jeffrey Kessler to assist with negotiations on a new revenue sharing model, as an agreement has not yet been reached. Kessler’s hiring was reported by the Associated Press on Sunday night after a meeting among team owners was held earlier that day due to the postponement of the 66th Daytona 500. The current charter agreement between NASCAR and team owners expires at the end of this season, with discussions ongoing since last year. One major point of contention is the fair distribution of revenue from media rights, with the aim of benefiting all stakeholders. Despite challenges, NASCAR president Steve Phelps expressed confidence in reaching a fair deal that ensures team profitability and enhances the sport’s value.
