NASCAR has an agreement with someone to acquire one of the ownership charters currently wrapped-up in active litigation as part of the 23XI Racing and Front Row Motorsports mutual antitrust lawsuits.
The Sanctioning Body filed a legal notice on Monday notifying the court and the two teams that ‘it plans to issue a charter’ to a redacted entity should a district court judge not issue a ruling to prevent the agreement.
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Legally speaking, 23XI and Front Row gave up the charters they’ve held the past several years when they failed to reach an agreement with NASCAR on the charter agreement extension. They won an injunction decision in December that forced NASCAR to recognize 23XI and Front Row as having de facto charter status this season but an appeals court in April overruled that outcome.
Thus, NASCAR began entertaining conversations with teams from other motorsport disciplines and private equity groups to obtain those charters. The district court judge then ruled that NASCAR couldn’t move those charters until a decision had been rendered on that matter, with a hearing scheduled for Thursday in Charlotte, North Carolina.
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23XI says in a court filing today it will suffer irreparable harm if it does not receive its charters back because Tyler Reddick has given breach of contract notice and sponsors are scaling back. Teams and NASCAR due in court Thursday.
— Jenna Fryer (@JennaFryer) August 25, 2025
23XI/FRM state that if NASCAR sells charters they had earlier this year, they would be out of business after 2025: "This Court has already found that it is not economically viable to race as open teams on a long-term basis … and NASCAR did not challenge that finding on appeal." https://t.co/BOOzGOIKpp
— Bob Pockrass (@bobpockrass) August 25, 2025