23XI statement on not signing Charter agreement

I think that will require permitting teams to permanently own their charters.
I suspect this will be what happens. Both permanent charters and remove the "you can't sue us" clause. Or at least lawyer the crap out of that clause so options are very limited. If NASCAR comes up with a plan to make the 36 Charters permanent but you have 24hrs to sign, done deal. Only flaw in the ointment...NASCAR doesn't want these two teams to participate under any circumstances. They done. Leave and don't let the door hit ya where the Lord split ya!
 
If 23XI and Front Row lose their appeal the 28th of this month, Nascar can sell them. Neither signed the charter agreement in the first place so they aren't theirs to get back.

If Phelps is being truthful all 6 charters will be sold in short order. Save 3 to give Junior & 3 to sell to Honda. Both teams should have been paid as unchartered teams all year. If possible I’m sure NASCAR will be looking to get reimbursed from the trans.
 
If Phelps is being truthful all 6 charters will be sold in short order. Save 3 to give Junior & 3 to sell to Honda. Both teams should have been paid as unchartered teams all year. If possible I’m sure NASCAR will be looking to get reimbursed from the trans.
That would be along the lines of best outcome possible. When after months and months of negotiations, Nascar drew a line in the sand. It should have been from that point forward those teams were unchartered. Then they could have gone to the courts with their claims. The other teams that signed would have received more money while this court battle is going on.
 
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They should have considered these options before choosing not to sign charters, when they KNEW their drivers had contracts with these clauses (this is the RISK factor they took but want the court to spare them from). “Having your cake and eating it too” is not considered acceptable business practice when seeking damages from the party who bakes the cakes.
 
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.
No, I believe there would still be 4 open slots, which would likely be taken most every race by the non-chartered teams from the plantiff’s teams. But there is no reason for NASCAR to award 4 additional charters just because they could (theoretically) due to availability. More likely this is some team wanting to add an extra chartered slot to their current 2 or 3 car stable. I’m not so confident that it’s JRM wanting to get into Cup. They’d have to have some stout $$$ backing it, which of course is possible. If Reddick bolts he could start a conga line toward a new multicar team!
 
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.
How many charters are there since NASCAR vaporized the ones held by 23xi and FRM, 30 or 32? Either way, adding four will result in either 6 or 4 open slots.
 
No, I believe there would still be 4 open slots, which would likely be taken most every race by the non-chartered teams from the plantiff’s teams. But there is no reason for NASCAR to award 4 additional charters just because they could (theoretically) due to availability. More likely this is some team wanting to add an extra chartered slot to their current 2 or 3 car stable. I’m not so confident that it’s JRM wanting to get into Cup. They’d have to have some stout $$$ backing it, which of course is possible. If Reddick bolts he could start a conga line toward a new multicar team!
Gibbs and Hendrick are the only teams with 4 charters … baked into the original allocation.

Expansion of existing 3 car teams is no longer possible.
 
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 be locked out if this were to happen?
 
Gibbs and Hendrick are the only teams with 4 charters … baked into the original allocation.

Expansion of existing 3 car teams is no longer possible.
Well actually Gibbs wasn't given 4 charters in the original allocation. The charter to run the #19 was purchased from the shutdown #55 team. So I believe they had 4 charters in year 1, however they were given 3 and purchased the 4th.
 
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 be locked out if this were to happen?
I’m sure NASCAR will sit on those team’s “expired charters” until the cases are fully resolved. With other slots available to be offered, no need to “use” the abandoned ones until later, if ever. Pockrass earlier post indicating it would cost extra to add more charters, since they can’t further dilute the payments to existing teams with contracted charters, is IMO unlikely to discourage them if the team being added is considered a high quality option.

Sadly this hearing on Thursday is being held before the “fan of MJ good buddy” Kenneth “I ride with Denny” Bell…the same judge who has issued favorable rulings to the whiners, only to be smacked down like a rented mule by a multi-judge court…TWICE. I expect him to, again, grant whatever Jordan and Hamcrap want…with NASCAR appealing to the higher court for yet another suplex body slam.
 
I’m sure NASCAR will sit on those team’s “expired charters” until the cases are fully resolved. With other slots available to be offered, no need to “use” the abandoned ones until later, if ever. Pockrass earlier post indicating it would cost extra to add more charters, since they can’t further dilute the payments to existing teams with contracted charters, is IMO unlikely to discourage them if the team being added is considered a high quality option.

Sadly this hearing on Thursday is being held before the “fan of MJ good buddy” Kenneth “I ride with Denny” Bell…the same judge who has issued favorable rulings to the whiners, only to be smacked down like a rented mule by a multi-judge court…TWICE. I expect him to, again, grant whatever Jordan and Hamcrap want…with NASCAR appealing to the higher court for yet another suplex body slam.
Yep, I believe it to be so also. Faced with black and white reality, he let them have their cake and eat it too.
 
I’m sure NASCAR will sit on those team’s “expired charters” until the cases are fully resolved. With other slots available to be offered, no need to “use” the abandoned ones until later, if ever. Pockrass earlier post indicating it would cost extra to add more charters, since they can’t further dilute the payments to existing teams with contracted charters, is IMO unlikely to discourage them if the team being added is considered a high quality option.

Sadly this hearing on Thursday is being held before the “fan of MJ good buddy” Kenneth “I ride with Denny” Bell…the same judge who has issued favorable rulings to the whiners, only to be smacked down like a rented mule by a multi-judge court…TWICE. I expect him to, again, grant whatever Jordan and Hamcrap want…with NASCAR appealing to the higher court for yet another suplex body slam.
Guess if that would happen, we would go to GWC Overtime finish. 🤣
 
I just hope by the end of all this, teams get to actually own the charters. Because that's the correct way to do business.
I still don't understand how setting the charters up this way benefitted NASCAR more than giving the teams the charters outright. But then I've always thought Adam and Eve were set up to fail.
 
I still don't understand how setting the charters up this way benefitted NASCAR more than giving the teams the charters outright. But then I've always thought Adam and Eve were set up to fail.
For the umteenth time. Teams could sell or sub let charters to whomever they choose, take the car and race it anywhere they want including starting their own series would be a couple offhand. There would be no reason to have a charter if that was so. It's basically a contract for contractors. Here is what we pay, how we pay, percentages of this and that, how we want our brand represented etc. You sign on to do X number of races for the 7 years of contract length. It's a closed membership, the charter is yours to sell if you want out to an approved by Nascar buyer. If you don't sign the charter reverts back to Nascar and they can give/sell to interested parties.
 
That’s the standard business model for franchised pro sports when leagues expand and fees are paid.

Emphasis on the word franchised.
 
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 be locked out if this were to happen?
23xi & the other dude will NEVER get a charter again. NASCAR will burn the whole thing down before that happens. I believe this is similar to the CART/IRL split but slightly modified. Be only one series to come out of it and it won't be NASCAR as we know it now.

I'll be really surprised if the court doesn't rule that NASCAR has been monopolistic. But the "three" entity's in this lawsuit will NOT ever do business together again. NASCAR has made that plain.
 
I’m sure NASCAR will sit on those team’s “expired charters” until the cases are fully resolved. With other slots available to be offered, no need to “use” the abandoned ones until later, if ever. Pockrass earlier post indicating it would cost extra to add more charters, since they can’t further dilute the payments to existing teams with contracted charters, is IMO unlikely to discourage them if the team being added is considered a high quality option.

Sadly this hearing on Thursday is being held before the “fan of MJ good buddy” Kenneth “I ride with Denny” Bell…the same judge who has issued favorable rulings to the whiners, only to be smacked down like a rented mule by a multi-judge court…TWICE. I expect him to, again, grant whatever Jordan and Hamcrap want…with NASCAR appealing to the higher court for yet another suplex body slam.
Absolutely no bias here.
 
I don't understand why the charters are not permanent, and they are worth far less imo without that status.

I could understand Nascar having the ability to force a bad actor (charter) out. But they should at least have the benefits a making the sale (when kicked out) in an acceptable time frame. Anything less is not a real ownership imo.
 
For the umteenth time.
That isn't my question. You're explaining HOW it works. My question is, WHY set up the charters to expire instead of giving the charters directly to the teams. Everything you've said could be accomplished with the charters fully in the teams' hands, and more easily.

I'm not expecting you personally to answer but if you do, please answer the question I'm asking.
 
23xi & the other dude will NEVER get a charter again. NASCAR will burn the whole thing down before that happens. I believe this is similar to the CART/IRL split but slightly modified. Be only one series to come out of it and it won't be NASCAR as we know it now.

I'll be really surprised if the court doesn't rule that NASCAR has been monopolistic. But the "three" entity's in this lawsuit will NOT ever do business together again. NASCAR has made that plain.

As I said at the beginning of this, NASCAR is likely an illegal monopoly but no one would like whatever remedy a court prescribes. This was a remarkably stupid gamble by Dennis and company.

It’s in the best interest of all involved to settle.
 
That isn't my question. You're explaining HOW it works. My question is, WHY set up the charters to expire instead of giving the charters directly to the teams. Everything you've said could be accomplished with the charters fully in the teams' hands, and more easily.

I'm not expecting you personally to answer but if you do, please answer the question I'm asking.
Maybe if you had the ability to be more specific instead of always moving the goalposts you would be able to explain your endless "why" questions you continue to ask.
That is simple. The world changes. More importantly the terms of the contract change. Let me ask you a question. How would it be easier like you say if the teams owned their charters lock stock and barrel?
 
I don't understand why the charters are not permanent, and they are worth far less imo without that status.

I could understand Nascar having the ability to force a bad actor (charter) out. But they should at least have the benefits a making the sale (when kicked out) in an acceptable time frame. Anything less is not a real ownership imo.
Some of why the teams are suing? They want to take the car that Nascar developed and compete elsewhere with it. They want the courts to force Nascar to allow the teams to race on tracks that Nascar owns. This is all behind their monopoly claims.
 
Maybe if you had the ability to be more specific instead of always moving the goalposts you would be able to explain your endless "why" questions you continue to ask.
That is simple. The world changes. More importantly the terms of the contract change. Let me ask you a question. How would it be easier like you say if the teams owned their charters lock stock and barrel?
Well, for one thing, we wouldn't be looking at a lawsuit that has charter ownership at its core. Seeing charters taken away with no compensation can't look good to potential new manufacturers, or to owners NASCAR would really like to come on board (JRM).

NASCAR doesn't need to hold the charters to determine how the money is split. When the terms of the TV contract changed, NASCAR told the teams how much they'd get. In the end, there was no negotiation of that. Indeed, it tells the non-chartered teams how much they'll get. For decades it changed the rules regarding who was guaranteed to start and how money much they'd get, and it didn't need charter control to do it. If there's no negotiation leverage for the teams, if NASCAR can make and change rules as it wishes, if giving the charters directly to the teams doesn't affect how NASCAR runs the sport, why bother with complication of charter contracts?
 
Some of why the teams are suing? They want to take the car that Nascar developed and compete elsewhere with it. They want the courts to force Nascar to allow the teams to race on tracks that Nascar owns. This is all behind their monopoly claims.
And we're back to a fundamental, irreconcilable disagreement. Some take the issues stated in the lawsuit at face value. Some see them as window dressing, with charter ownership as the only goal.
 
Well, for one thing, we wouldn't be looking at a lawsuit that has charter ownership at its core. Seeing charters taken away with no compensation can't look good to potential new manufacturers, or to owners NASCAR would really like to come on board (JRM).

NASCAR doesn't need to hold the charters to determine how the money is split. When the terms of the TV contract changed, NASCAR told the teams how much they'd get. In the end, there was no negotiation of that. Indeed, it tells the non-chartered teams how much they'll get. For decades it changed the rules regarding who was guaranteed to start and how money much they'd get, and it didn't need charter control to do it. If there's no negotiation leverage for the teams, if NASCAR can make and change rules as it wishes, if giving the charters directly to the teams doesn't affect how NASCAR runs the sport, why bother with complication of charter contracts?
Once again, besides that, the Charters gave the teams something of value if they left the sport....But Nascar has to approve who they are selling them to.
 
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