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    23XI statement on not signing Charter agreement

    What is your intention? If your intention is to provide benefits to the most successful by paying the most successful the bulk of the money, the downside of that is it probably creates a feedback loop similar to F1 pre-Liberty where the same teams on top are always on top and always win all the...
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    23XI statement on not signing Charter agreement

    Bingo. Allow me to jog people's memories: when charters were brought in, NASCAR was already a decade into their existing slide from an interest perspective and teams were getting rocked. NASCAR acquiesced and created these charters not out of the goodness of their own hearts, but to prevent...
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    23XI statement on not signing Charter agreement

    Even TMS has some TIFs in place, which is why they have to have two NASCAR Cup events every single year in perpetuity. Oh, and this.
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    23XI statement on not signing Charter agreement

    Nothing in here about taxpayers subsidizing race teams which it shouldn't; that isn't a real thing. To your larger point: NASCAR could have put together way bigger purses to try and lure in race teams from all over to enter. They didn't. They have, however, paid over $100 million dollars each...
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    23XI statement on not signing Charter agreement

    Jim France wants his Game 7 moments but he doesn't want to pay for a league that produces a Game 7, so we got what we got, LOL
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    23XI statement on not signing Charter agreement

    I mean, honestly, if what you want to watch are street stocks, then watch street stocks. But asking Cup teams to operate like they're running street stocks at the local 1/4 mile oval in terms of costs is ridiculous. These are massive multimillion dollar enterprises that intend to represent major...
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    F1 2025 News/Misc.

    F2 test today: Colton Herta is to turn some laps. https://livetiming.getraceresults.com/abudhabi?nomobile=true#screen-results
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    23XI statement on not signing Charter agreement

    Well, let Jim France know that. I'll note that I've put on the Gluck/Bianchi breakdown of the trial yesterday and it's pretty amusing to hear. Kessler did bring up that the taxes paid from the Trust were about their benefit; it paid the capital gains tax on the Fontana sale and in turn the...
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    23XI statement on not signing Charter agreement

    There's no race without race cars. If they kick all the teams to the curb and race the cars themselves, NASCAR is still paying to have cars race. That's literally the point of their business.
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    23XI statement on not signing Charter agreement

    When things were good and the gravy train was rolling, there were 50 cars showing up every week and while people knew failure and bankruptcy were real options, they weren't concerned about it because the potential was so great. The 2/3s of fans from 2005 leaving in 20 years has damaged this...
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    23XI statement on not signing Charter agreement

    It would legitimately be hilarious if indeed Brian was a man behind the curtain. I mean it would be terrible, but also hilarious at the same time. It would remind me of another time a billionaire fail child just couldn't stop tinkering in the specific way they wanted and wound up losing a TV...
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    23XI statement on not signing Charter agreement

    This has nothing to do with forcing the France family out of NASCAR, which is what you're contending evergreen charters would lead to.
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    23XI statement on not signing Charter agreement

    We ultimately don't know what the jurors are thinking when the trial ends, and we also really haven't gotten to the meat and potatoes of the defense's case. That said, the defense is also likely limited in their options. Jim France basically testified yesterday that it was his way or the highway...
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    23XI statement on not signing Charter agreement

    Are you claiming this is representative of ownership in the series? Yesterday Jim France testified that the series is owned by two entities: the France Family Trust and the Betty Jane France Descendants Trust. That's who owns NASCAR. I have more say in what happens for my role than I did when...
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    23XI statement on not signing Charter agreement

    Keikhaefer lost his business because he sold controlling shares in it to another firm (Brunswick). None of that is happening here. How are the teams going to push out someone when they have no controlling shares? Sorry, but this reads like you have no idea what you're talking about and you're...
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    23XI statement on not signing Charter agreement

    Here's a question; we keep hearing about midweek races. Clearly the teams want to do it and NASCAR is the obstacle. So why do I as a fan want this situation where the teams race less?
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    23XI statement on not signing Charter agreement

    They just need to be like Rick Ware or BJ McLeod then instead. I'm smart.
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    23XI statement on not signing Charter agreement

    Just as a reminder to those pointing at how much NASCAR paid in taxes: they made over $600 million dollars in revenue in the last two years alone. The cost of the payments to the trust is an expense as shown on the NASCAR books, with the trust then paying 75% of that sum in taxes. That's another...
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    23XI statement on not signing Charter agreement

    I think they're about equivalent in terms of the amount of detail both have put forth. In terms of whether or not they should include gains from selling/leasing charters: you can't participate sustainably in the series if you sell all your charters which has already been effectively admitted by...
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    23XI statement on not signing Charter agreement

    Correct. Of course, there are no taxes paid on this money. They're being used to pay taxes...in part. NASCAR is held within the trust. Which is why my wife gets a check every year now that her paternal grandmother is dead. Also means the France family gets some nice annual distributions...
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