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NASCAR Revenue Dispute: Jordan-Backed Lawsuit Highlights Team Frustrations

by Alex Carter - Sports Editor

NASCAR⁢ Team Owner Alleges France Blocked Revenue-Sharing, Forced Charter Agreement

CONCORD, N.C. – Front⁢ Row Motorsports owner Bob Jenkins⁤ testified in an antitrust trial⁤ Thursday that ‍NASCAR Chairman and ⁢CEO Jim France refused ⁤to meet with ‌a group of team owners ‌representing‍ nine‍ charters before presenting ‍the final 2025 agreement, effectively silencing their concerns and pushing through a deal he believes is‍ detrimental to ⁢team profitability. Jenkins ‍stated France was simultaneously communicating with other team owners during this period.

Jenkins,who ‍declined to sign the new⁣ charter agreement,told⁤ the court he has lost $100 million since becoming​ a team owner‍ in⁢ the early 2000s,despite a Daytona 500⁤ victory ​in 2021. ‌He described France as ‍”a brick wall”⁢ during revenue-sharing​ discussions and accused NASCAR of using pressure ​tactics, stating, “They did put a gun‌ to our head and got a domino effect ‌- ⁣teams that said⁣ they’d never sign saw their neighbor sign.”

The testimony is part of a trial examining allegations ‌that NASCAR’s charter system illegally restricts competition. Jenkins detailed his frustration with both the ​2016 and ⁢2025 charter agreements, stating the 2024⁢ extension went ‍”virtually backward in so many ways” compared to⁢ the previous deal, which ‍he initially accepted as “a step in the right⁤ direction.” No owners he⁣ has spoken with ⁣are happy⁢ with ​the new agreement,he added.

Beyond the charter ‍dispute,Jenkins also criticized the cost ⁤of the Next Gen car,introduced in 2022 as a cost-saving measure. While initially projected ⁣to cost ‍$205,000, Jenkins testified the actual cost is‍ closer to double ⁢due to required purchases from specified NASCAR vendors and restrictions on ​team repairs. “To add $150,000 to​ $200,000 to the cost of the car⁣ -⁢ I don’t ‍think any ‌of the teams anticipated that,” he said, adding ⁢that the lack of ownership‍ over the car itself is​ “anti-competitive.”

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