Race teams ask NASCAR for ‘meaningful’ talks as their business model dispute skids toward summer

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The fight between NASCAR and its teams over a new revenue model prompted the owners of 16 chartered organizations to send a letter to NASCAR’s board of directors earlier this month requesting “meaningful dialog” regarding the franchise model system.

Drivers head down the front straightaway at the start of a NASCAR Cup Series auto race at Kansas Speedway in Kansas City, Kan., Sunday, May 7, 2023.

The letter, a copy of which was obtained by The Associated Press, was sent to NASCAR via email on May 1, the same day NASCAR’s exclusive negotiating window expired with both Fox Sports and NBC Sports on a new television package. The charters, which are worth millions, require renewal. The teams want to make the charters permanent but NASCAR has balked, whichbecause they were at a “significant impasse” over charters.

However, the Race Team Alliance that consists of all 16 chartered teams has made it known that the four-member negotiating committee represents all organizations in negotiations. The letter sent this month said “substantial progress has been made on a framework to address the economic issues.” But it asked NASCAR to explain its position on permanent charters.HTML tag. Try viewing this in a modern browser like Chrome, Safari, Firefox or Internet Explorer 9 or later.“We would like to directly engage in conversations in order to understand concerns.

 

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