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StarCom Racing sells NASCAR Charter: UPDATES: to 23XI Racing

UPDATE 4: Adam Stern of the Sports Business Journal reports that 23XI Racing paid StarCom Racing $13.5 million for its charter...

Richard Petty Motorsports sells majority interest to GMS Racing UPDATE

UPDATE: Sports Business Journal's Adam Stern reports that GMS Racing paid Medallion Financial $19 million for a controlling...

NASCAR charters doubling in value

The next NASCAR charters that are sold are expected to go for at least $12M, according to sources, which is around a 100% increase from just last year. The end of the ’21 NASCAR season is this week at Phoenix Raceway, and the charter market is still active with a ...

23XI Racing working on deal with Front Row Motorsports for charter? merger? UPDATES

UPDATE 2:  The future, one containing a new car and potentially a new schedule, could see a shift in the number of the organization’s charters and perhaps a new technical alliance moving forward. While rumors of different outcomes fly,  [Front Row Motorsports General...

Dale Earnhardt, Jr say cost of a charter is JR Motorsports’ ‘only roadblock’ to a move to Cup

If the Next Gen proves to be as financially successful as NASCAR wants it to be, the new Cup Series car will ultimately require a significant retooling of how the Xfinity and Camping World Truck divisions operate...

Trackhouse Purchases Chip Ganassi Racing’s NASCAR Operation

Founder Justin Marks announced today that his Nashville-based Trackhouse Entertainment Group has purchased Chip Ganassi ...

Justin Marks discusses Trackhouse Racing’s desire to move to Nashville; talks about NASCAR charters

Trackhouse found and owner Justin Marks and Co-owner 'Pitbull' met with the media at Nashville Superspeedway Saturday and...

Denny Hamlin discusses expansion of 23XI Racing, charters

Denny Hamlin met with the media on Saturday at Nashville Superspeedway...

Kaulig Racing Purchases Two Cup Charters for 2022 Season, Justin Haley Running Full Time UPDATE

UPDATE: The following is a statement from Spire Motorsports co-owners Jeff Dickerson and T.J. Puchyr following today’s announcement...

Charters expected to be in high demand next year

Two car owners tell NBC Sports that they are open to dealing charters. This comes as interest in Cup ownership has grown with the Next Gen car’s debut in 2022...

Interest increasing in NASCAR charters

Entering the 2021 NASCAR Cup Series season, which starts with this weekend’s Daytona 500, the sport over the past 12 months has seen an influx of new investors that it hasn’t had in years. While two Cup Series teams did fold last year amid the start of the coronavirus...

NASCAR confirms 2021 Charter teams

NASCAR has announced the final list of charters issued for 2021. Some of the changes from last year...

JTG Daughtery will run No. 37 team as an open car UPDATE

UPDATE: Ryan Preece met with the media Tuesday and discussed the team's focus for this year...

Wood Brothers Racing buys out remaining interest of team charter

Wood Brothers Racing announced on Wednesday that the team now has complete control over their charter, after buying out the remaining interests...

Kaulig Racing considering move to Cup in 2022 UPDATE limited 2021 schedule

UPDATE 2: Kaulig and [team president Chris] Rice made their Cup Series debut as an organization in February with a 13th place finish in the Daytona 500 with Justin Haley. The team intends to enter all the superspeedway and road course races next season with the goal...

NASCAR Charters increasing in value

Now as the sport gets ready to introduce an entire new model of car in '22 that is slated to make it much cheaper to operate a team, new owners are coming into the sport and charters have become hotter commodities. That has made their value rise, sources say. The charters...

Matt Tifft & B.J. McLeod buy charter from Go Fas Racing

Matt Tifft and B.J. McLeod announced Friday morning that they have obtained Archie St. Hilare's ownership interest of Circle Sports Racing's Charter...

Denny Hamlin forming Cup team with Michael Jordan; Bubba Wallace to drive; charter from Germain Racing

NBA legend Michael Jordan and three-time Daytona 500 winner Denny Hamlin today announced the formation of a new NASCAR Cup...

Leavine Family Racing sold; purchased by Spire Motorsports

UPDATE 3: Spire Motorsports has completed an agreement to purchase the assets of Leavine Family Racing (LFR) following the...

Rick Ware buying Premium Motorsports? UPDATE

UPDATE: Fox Sports' Bob Pockrass reports that Rick Ware has a purchase agreement to buy Premium Motorsports...