23XI statement on not signing Charter agreement

When reading the emails from the teams and from Nascar, Nascar had posted doomsday actions before entering the bunker. Most of it were actions to take to limit serious damage to the series and or make themselves a hard target for a takeover. Having the teams under contract and restricting their ability to race in ANY racing series but theirs was their way of nipping that in the bud.
Once again, it is in the realm of possibility that 23XI along with other investors simply could hold races, pay very well, and use Nascar's drivers and equipment to do so if Nascar didn't have non competitive contracts for teams and equipment.
 
StandOnIt said:
When reading the emails from the teams and from Nascar, Nascar had posted doomsday actions before entering the bunker. Most of it were actions to take to limit serious damage to the series and or make themselves a hard target for a takeover. Having the teams under contract and restricting their ability to race in ANY racing series but theirs was their way of nipping that in the bud.
Once again, it is in the realm of possibility that 23XI along with other investors simply could hold races, pay very well, and use Nascar's drivers and equipment to do so if Nascar didn't have non competitive contracts for teams and equipment.
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Well lets see if @wi_racefan is okay with something he said, being used here. Because yeah, I mean seems thin. ;)
wi_racefan said:
So this is all based on the potential of a possible threat? Boy that sounds thin.
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If a racetrack wants to hold a Nascar race, agreements have to be made. It has to pass requirements for safety, the purse payments have to be finalized, and in some cases agreements not to hold stock car like competing events for a period of time. That doesn't stop them from having concerts, car shows, other racing series etc.
 
StandOnIt said:
If a racetrack wants to hold a Nascar race, agreements have to be made. It has to pass requirements for safety, the purse payments have to be finalized, and in some cases agreements not to hold stock car like competing events for a period of time. That doesn't stop them from having concerts, car shows, other racing series etc.
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Congratulations, thats what makes it a monopoly.
 
StandOnIt said:
That's your opinion. Nobody is holding a gun to anybodies head.
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Its literally not an opinion. They control the market by making it so tracks that have NASCAR races have to have approval to hold any other stock car series. Yes those tracks can say no, but then they would lose their races. NASCAR is using that leverage to be able to prevent another series from having use of proper race tracks. Sure they are other tracks, but the sizes of them are small, and the safety ar some arent up to a proper standard for a legitimate racing series.
 
Speedbowl14 said:
This is probably gonna get deleted but if I had a dollar for everything you spoke through you ass this forum would be funded for the next millennium. Now that is an opinion fwiw
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If you knew your ass from a hole in the ground you would already know judge Bell ruled that Nascar was a monopoly. I'll let you figure out the rest of it Einstein. Hint. Read part 2 of the Sherman act.
 
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Do anyone know if the France and Hamlin families are on Wal Mart Christmas Gift Registry. This year could be tough on the families and they could go without due to implications caused by the
monopolies, cabuls, cartels, and other big words.

Maybe, I should go see if there is a GoFundMe account for them.....
 
Greg said:
Do anyone know if the France and Hamlin families are on Wal Mart Christmas Gift Registry. This year could be tough on the families and they could go without due to implications caused by the
monopolies, cabuls, cartels, and other big words.

Maybe, I should go see if there is a GoFundMe account for them.....
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Don't worry about it. The lawyers for both sides are giving 'Thank You!!!' gifts to everyone involved.
 


Basically, NASCAR's counter suit that the local France Family Defense Force here are so enamored with does have a fatal flaw: it basically acknowledges NASCAR's position in the market of professional stock car racing. This guy went so far as to say that NASCAR fell into a trap by filing it. I'm sure this will be rationally responded to.
 
virtualbalboa said:


Basically, NASCAR's counter suit that the local France Family Defense Force here are so enamored with does have a fatal flaw: it basically acknowledges NASCAR's position in the market of professional stock car racing. This guy went so far as to say that NASCAR fell into a trap by filing it. I'm sure this will be rationally responded to.
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Very interesting commentary from a law professor. Indeed, appears NASCAR’s legal team inadvertently cited a market definition too similar to how the plaintiff’s defined it. Made it easy for judge Bell to take his positions on that portion.

The commentator did acknowledge Bell’s judgements increase pressure on NASCAR to settle. However, the primary rulings that will be determined by a jury are a bigger mountain for the plaintiff’s to climb. NASCAR must be proven to have purposely restricted commerce, entry and used monopolistic practices. This burden falls to the plaintiff’s and cannot be validated by simple claims of NASCAR purchasing tracks.

I still believe this is likely settled prior to trial.
 
Conover said:
Very interesting commentary from a law professor. Indeed, appears NASCAR’s legal team inadvertently cited a market definition too similar to how the plaintiff’s defined it. Made it easy for judge Bell to take his positions on that portion.

The commentator did acknowledge Bell’s judgements increase pressure on NASCAR to settle. However, the primary rulings that will be determined by a jury are a bigger mountain for the plaintiff’s to climb. NASCAR must be proven to have purposely restricted commerce, entry and used monopolistic practices. This burden falls to the plaintiff’s and cannot be validated by simple claims of NASCAR purchasing tracks.

I still believe this is likely settled prior to trial.
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I don't think it will be settled before the trial FWIW. I believe if the trial is held in Charlotte there are enough people who are knowledgeable about the racing business to overcome the bias. Bell has done his best to sway the case towards 23XI with his judgements, he has shown that from the first ruling. Bell has inserted himself into the negotiations, denied a motion to get a different negotiator, narrowed the case down when 23XI was all over the place on what they were suing for to one small area and he has steered this case into an area that if they say Nascar is a monopoly then all of the major racing series are monopolies.
 
StandOnIt said:
I don't think it will be settled before the trial FWIW. I believe if the trial is held in Charlotte there are enough people who are knowledgeable about the racing business to overcome the bias. Bell has done his best to sway the case towards 23XI with his judgements, he has shown that from the first ruling. Bell has inserted himself into the negotiations, denied a motion to get a different negotiator, narrowed the case down when 23XI was all over the place on what they were suing for to one small area and he has steered this case into an area that if they say Nascar is a monopoly then all of the major racing series are monopolies.
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Some of you guys need to stop getting so mad at this and just laugh like I do.
 
Blaze said:
That Charlotte court will be fair, until they make a ruling you don't like then it's going to be "they are so bias"
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There is a reason I never comment on your posts. All you want to do is argue. Like I said earlier, go find somebody else to argue with.
 
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