One in a response On Friday, a legal filing from NASCAR said that the approved body held six -owned charters through the results of its no -confidence cases. For 23xi racing And Front ro motorsportsThe teams responded on Tuesday before a decision on Tuesday that would determine the status of several disputed charters.
23xi and Front Row suggested that the recent action of NASCAR is not enough to prevent their business imminent loss and instead offered an alternative course of action in arbitration.
These posts were rejected to a large extent according to the teams in their filing.
The position of teams on the previous calendar year and three separate prohibitions is that they want to maintain the status quo in the moments before the trial, which means they have a real chartered position.
Which includes each team bought from the bandh Stewart-hus racing In winter, the appeal that is in a kind of limbo since the appeal court dismissed the decision, and is no longer in position to withdraw charters with SHR.
New charters will be less valuable
Tyler radic, 23xi racing toyota
By photo: Jared c. Tilton/Getty Images
In the filing, both teams say they will withdraw the proposal for the third initial prohibitory orders request if NASCAR continues six charters available for 23xi and front ro and they win cases in the case.
NASCAR agreed to do this to some extent, but by creating four new charters – 37, 38, 39 and 40. 23xi and front Ro are asking that there are six to hold six which they had in the beginning of the season.
Keep in mind that charters are valued depending on the results of the previous season, so new charters will be less valuable than the one who is held until this summer.
This is the result of the third prohibitory NASCAR that indicates that it wanted to move forward with transferring charters to potential new entry. It also indicated last month that an agreement was signed with such a new team, whether the court should allow them to move one of those charters.
Ever since the prohibition was overturned on the appeal, NASCAR no longer considers 23xi and front ro as the occupation of those charters, and both teams want them to change before taking back this latest prohibition speed.
From filing:
Michael Jordan, NBA Hall of Famer and 23xi Racing Co-Malik
By photo: Jared c. Tilton/Getty Images
NASCAR represents that it will not challenge the fact that the plaintiff is the owner of Charters, unless the court orders unwanted and selling of Shr Charters. NASCAR will not try to open and sell CHR charters before court rules on any post-trial movements seeking a permanent prohibition or other equitable relief.
The teams ask NASCAR not to move any charter through the remaining part of this season, which they have already agreed to do in the filing on Friday.
He also asked if NASCAR has to release 37-40 charters for a potential new buyer, that they follow the rules such as procedures such as the first right to deny the existing team owners and continue to pay the same base amount to all existing existing team owners.
For separate and clarity, in this incident, NASCAR has been ordered to issue additional charters for the 2026 cup series season by the court, or will keep his place as the sixth of the six 2025 charters original 36 charters purchased or purchased by the plaintiff.
NASCAR dismissed those conditions, because, according to its own words, it surpassed the status quo.
“NASCAR opposes the search for relief plaintiff, but stands by voluntary commitments, which NASCAR made in his notice about Charters, Doc. 205. Notice of the plaintiff. The plaintiff requests a far ahead about the plaintiff requested by the plaintiff requested by the plaintiffs requested in his prohibition papers, which addresses any irreplaceable loss, which is the identity of the plaintiff, and the Vadik’s identity, and the distance from the distant position, and the distance from the distance. Is.”
“His new requested relief violates the status quo by the need for any charter nascar issues such as the plaintiff holds charters, even if the charters” do not have them, “as the court has clarified.”
Next, at some point this week, Judge Kenneth D Bell will give a new verdict on prohibition request. In other words, the judge will once again have to determine whether or NASCAR will have to accept the purchase of Stewart-Honth Racing Charters, if both teams and six cars should be treated as if they are part of the charter system, and to what extent NASCAR can sell a charter or else can move or otherwise move.
in this article
Become the first person to know and subscribe to real -time news email updates on these subjects