23XI statement on not signing Charter agreement

StandOnIt said:
Nascar has said they are perfectly fine to race 36 without those charters. Remember, all sales must be approved by Nascar. Awkward, but it is what it is. They didn't start this.
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That plan would be 32 chartered teams and 4 open. Really right now they only have 30 chartered teams committed to running next season.

If this is what is really going on it will really devalue the charts quickly. Unless this gets settled quickly there's 2 charters looking for a home. More supply than demand so to say.
 
wi_racefan said:
That plan would be 32 chartered teams and 4 open. Really right now they only have 30 chartered teams committed to running next season.

If this is what is really going on it will really devalue the charts quickly. Unless this gets settled quickly there's 2 charters looking for a home. More supply than demand so to say.
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No proof of that being true. They aren't for sale...sale pending. It could fall thru or not.
 
gnomesayin said:
Do you recall Jordan's attempt at professional baseball? I think his performance there would actually bolster their argument, silly as making that the focus is.
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It's far from silly, IMO. It goes to the very heart of the case... are we pondering whether Nascar maintains a monopoly in professional stock car racing, or is the question whether Nascar has a monopoly in the broader industry of sports and entertainment, including motor racing, NBA teams, etc. etc.? I believe how the court rules on defining the relevant market will determine the outcome of the case, or at least have a major impact. If Nascar's definition prevails (all professional sports and entertainment), the lawsuit is severely crippled, I believe. If 23XI and FRM prevail in how the relevant market is defined, the monopoly is much, much easier to prove to the jury.

I think the judge deferred the injunction to place more pressure on the plaintiffs to settle before a trial... just a guess.
 
Charlie Spencer said:
23FRM have more to lose by delaying than NASCAR does.
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Definitely true, but having this hang over the launch of a new season is not helpful for NASCAR either. They can pretend that the playoffs and championship weekend are the culmination of the season all they want, but the real pinnacle of every season takes place in February and the weeks that follow it. Headlines and media coverage about the lawsuit and a major team hanging by a thread are not helpful. While some seem to relish the idea of NASCAR crushing a couple teams who stepped out of line, it's not good PR.
 
LewTheShoe said:
It's far from silly, IMO. It goes to the very heart of the case... are we pondering whether Nascar maintains a monopoly in professional stock car racing, or is the question whether Nascar has a monopoly in the broader industry of sports and entertainment, including motor racing, NBA teams, etc. etc.? I believe how the court rules on defining the relevant market will determine the outcome of the case, or at least have a major impact. If Nascar's definition prevails (all professional sports and entertainment), the lawsuit is severely crippled, I believe. If 23XI and FRM prevail in how the relevant market is defined, the monopoly is much, much easier to prove to the jury.

I think the judge deferred the injunction to place more pressure on the plaintiffs to settle before a trial... just a guess.
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I think you're correct and that will be a crucial question if the case moves forward. The part I was calling silly was discussing Jordan as a multi-sport athlete.
 
LewTheShoe said:
It's far from silly, IMO. It goes to the very heart of the case... are we pondering whether Nascar maintains a monopoly in professional stock car racing, or is the question whether Nascar has a monopoly in the broader industry of sports and entertainment, including motor racing, NBA teams, etc. etc.? I believe how the court rules on defining the relevant market will determine the outcome of the case, or at least have a major impact. If Nascar's definition prevails (all professional sports and entertainment), the lawsuit is severely crippled, I believe. If 23XI and FRM prevail in how the relevant market is defined, the monopoly is much, much easier to prove to the jury.

I think the judge deferred the injunction to place more pressure on the plaintiffs to settle before a trial... just a guess.
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The first problem with that is to be able to prove Nascar has a monopoly which hasn't been even close to being proven. Not being able to get into the books, not having their charters could leave them with less drivers as a possibility. Drivers splitting non charter money compared to full charter money split I bet would be substantial. It isn't looking good. I would tuck tail and settle.
 
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