AutoGear
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語
  • STANDINGS
No Result
View All Result
AutoGear
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語
  • STANDINGS
No Result
View All Result
AutoGear

With SHR’s departure from NASCAR, Tony Stewart and Gene Haas sought to cash in on their charters, valued between $20-25 million each

Miguel Cunha by Miguel Cunha
January 9, 2025
in Motorsports
Reading Time: 4 mins read
0
With SHR’s departure from NASCAR, Tony Stewart and Gene Haas sought to cash in on their charters, valued between $20-25 million each

Sep 26, 2021; Las Vegas, Nevada, USA; NASCAR Cup Series driver Kevin Harvick (4) speaks with team owner Gene Haas before the South Point 400 at Las Vegas Motor Speedway. Mandatory Credit: Gary A. Vasquez-USA TODAY Sports

In a pivotal moment for NASCAR’s ongoing legal saga, Judge Kenneth D. Bell granted a preliminary injunction to Michael Jordan’s 23XI Racing and Front Row Motorsports (FRM), ensuring their chartered team status for the 2025 season. This ruling also approved the transfer of three Stewart Haas Racing (SHR) charters to the two teams. However, the victory was quickly met with NASCAR’s staunch opposition, setting the stage for a high-stakes legal clash.


The Battle for SHR Charters

With SHR’s departure from NASCAR, Tony Stewart and Gene Haas sought to cash in on their charters, valued between $20-25 million each. While Haas retained one charter to establish the Haas Factory Team, the remaining three charters were sold to 23XI Racing and FRM. But NASCAR’s resistance to the deal has left these transactions in limbo.

In response to the injunction, NASCAR filed an appeal and requested a delay in the enforcement of the court’s ruling. The court has agreed to rule on this delay by Monday, halting the transfer of SHR charters until then. This has not only impacted 23XI Racing and FRM but also left Stewart and Haas in a precarious position, unable to finalize the sale.


Court’s Criticism and Timeline for Resolution

Judge Bell criticized NASCAR’s late request to delay the injunction, arguing that the sanctioning body could have raised these points during initial proceedings. Despite this, the court acknowledged the complex nature of the dispute, indicating that 23XI Racing and FRM could be required to sell the charters back to NASCAR or another approved team if they lose the antitrust case.

To expedite the legal proceedings, the court has laid out a timeline:

  • January 8, 2025: Hearing on NASCAR’s motion to dismiss and other motions.
  • September 19, 2025: Deadline for discovery completion.
  • December 1, 2025: Trial date for the antitrust case.

The court appears committed to resolving the matter by the end of 2025, providing a clear roadmap for all parties involved.


NASCAR’s Concerns and Long-Term Implications

NASCAR has expressed concerns about the potential long-term ramifications of the ruling. The sanctioning body argues that the injunction forces it into an unwanted contractual relationship and risks exposing confidential information. NASCAR also fears being tied to a long-term deal with 23XI Racing and FRM, especially if the antitrust lawsuit concludes in its favor.

In an unexpected twist, the court acknowledged the possibility of “unwinding” the charter transactions if necessary. This could mean that even after securing the charters for 2025, 23XI Racing and FRM might have to relinquish them, adding uncertainty to the situation.


The Stakes for Tony Stewart and Gene Haas

For Tony Stewart and Gene Haas, the delay in charter transfers adds a layer of frustration. Stewart, who planned to focus on new ventures, now faces the possibility of finding alternative buyers if NASCAR successfully blocks the sale. With millions of dollars at stake, the outcome of this legal battle will significantly impact SHR’s financial windfall.


What’s Next for 23XI Racing and FRM?

Denny Hamlin and Michael Jordan have made it clear they’re not backing down. Securing the injunction was a crucial step to safeguard their teams’ future in the 2025 season. However, the uncertainty surrounding the charters and the broader antitrust case ensures this legal feud is far from over.

As NASCAR, 23XI Racing, and FRM gear up for their next courtroom showdown, the stakes couldn’t be higher. Whether this case reshapes the business dynamics of NASCAR or entrenches the status quo remains to be seen, but one thing is certain—this legal battle is as intense as the action on the track.

Share212Tweet133Send

Related Posts

Max Verstappen’s Fate Hangs in Balance as Red Bull Star Braces for F1 Revolution
Motorsports

Max Verstappen’s Fate Hangs in Balance as Red Bull Star Braces for F1 Revolution

Formula One F1 - Hungarian Grand Prix - Hungaroring, Budapest, Hungary - August 1, 2025 Mechanics work on the car...

by Virgilio Machado
August 2, 2025
Oscar Piastri Dominates FP3, Leaves Lando Norris Trailing in Thrilling F1 Hungarian Showdown
Motorsports

Oscar Piastri Dominates FP3, Leaves Lando Norris Trailing in Thrilling F1 Hungarian Showdown

Formula One F1 - Hungarian Grand Prix - Hungaroring, Budapest, Hungary - August 2, 2025 McLaren's Oscar Piastri during practice...

by James Taylor
August 2, 2025
Unleashing Fury: McLaren Dominates F1 2025 Hungarian Grand Prix FP3 with Oscar Piastri Reigning
Motorsports

Unleashing Fury: McLaren Dominates F1 2025 Hungarian Grand Prix FP3 with Oscar Piastri Reigning

Formula One F1 - Hungarian Grand Prix - Hungaroring, Budapest, Hungary - August 1, 2025 McLaren's Oscar Piastri in action...

by Arthur Ling
August 2, 2025
Kalle Rovanpera Overcomes Puncture Peril to Dominate WRC Rally Finland Morning Stages
Motorsports

Kalle Rovanpera Overcomes Puncture Peril to Dominate WRC Rally Finland Morning Stages

Jaanus Ree / Red Bull Content Pool

by Arthur Ling
August 2, 2025

Recent News

Max Verstappen’s Fate Hangs in Balance as Red Bull Star Braces for F1 Revolution

Max Verstappen’s Fate Hangs in Balance as Red Bull Star Braces for F1 Revolution

August 2, 2025
Oscar Piastri Dominates FP3, Leaves Lando Norris Trailing in Thrilling F1 Hungarian Showdown

Oscar Piastri Dominates FP3, Leaves Lando Norris Trailing in Thrilling F1 Hungarian Showdown

August 2, 2025
Unleashing Fury: McLaren Dominates F1 2025 Hungarian Grand Prix FP3 with Oscar Piastri Reigning

Unleashing Fury: McLaren Dominates F1 2025 Hungarian Grand Prix FP3 with Oscar Piastri Reigning

August 2, 2025
Kalle Rovanpera Overcomes Puncture Peril to Dominate WRC Rally Finland Morning Stages

Kalle Rovanpera Overcomes Puncture Peril to Dominate WRC Rally Finland Morning Stages

August 2, 2025

Newsletter

  • PRIVACY POLICY
  • TECHNICAL INFORMATION
  • EDITORIAL STATUS
  • TERMS AND CONDITIONS

© 2023 AutoGear - Todos os direitos reservados AutoGear.

No Result
View All Result
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語

© 2023 AutoGear - Todos os direitos reservados AutoGear.

Enable Notifications OK No thanks