Denny Hamlin talks about the possibility of 23XI Racing acquiring a charter from SHR.

Denny Hamlin rules out possibility of 23XI Racing buying a charter in the near future. The NASCAR charter market was impacted by Stewart Haas Racing’s decision to sell all of their charters, with three still available. Front Row Motorsports has already acquired one of the charters. Despite reports suggesting that 23XI Racing would be the team to acquire a charter from SHR, co-owner Denny Hamlin denied these rumors. He stated on his podcast, Action Detrimental, that the team is waiting for the finalization of the new charter agreement before making further investments in the sport. The team is determined to ensure that the charter agreement makes financial sense for them before committing more money. NASCAR needs to finalize the new charter agreement soon to encourage teams like Trackhouse and 23XI to invest more in the sport. It is important for both parties to have the necessary incentives to increase their investments.