Your right about Nascar gets the money from TV networks. Nascar then holds the money over the teams head and says if you want a bigger piece of the pie, you have to sign the charter. At anytime we see fit to change anything in the charters, we can do it, and you can't sue us for making changes...
Leverage over the teams to sign. Losing 30 to 40 million of worth per charter is a lot of money to lose if the teams don't sign. If the charters were permanent Nascar would lose most of their leverage over the teams.
I'm assuming that Nascar can't do anything with the ones that were 23Xi or FRM until this case is over. I just don't think the judge would allow Nascar to sell them before this is resolved, couldn't imagine what that would create if that were allowed to happen if Nascar lost the case. Who would...
So if Nascar did this, it would do away with open teams altogether. Nascar has limited it to 40 cars per event for now. Almost like a closed shop union, you don't join, you don't get in.
Daytona recap.
Why Reddick’s Car Could Still Race in the Pack. What Happened with the Big One. Blaney Goes from 13th to Victory Lane. Reddick and Bowman Survive Daytona, Advance to Playoffs. Who Won’t Make It Out of the Round of 16. Zilisch and Kligerman Win Xfinity Race. The Xfinity...