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Report: NASCAR would move to end charter system if it loses antitrust lawsuit

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According to a report in the Associated Press, NASCAR is prepared to eliminate the charter system that governs the competition
The article from MSN discusses a report by the Sports Business Journal indicating that NASCAR might consider ending its charter system if it loses an ongoing antitrust lawsuit. The lawsuit, filed by 23XI Racing co-owner Michael Jordan and other team owners, challenges NASCAR's control over media rights and revenue distribution. The charter system, introduced in 2016, guarantees certain teams entry into every race, providing financial stability. However, if NASCAR loses the lawsuit, it could lead to a reevaluation of this system, potentially affecting how teams secure their spots in races and how revenue is shared among teams. This change could significantly alter the economic landscape of NASCAR racing.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/sports/other/report-nascar-would-move-to-end-charter-system-if-it-loses-antitrust-lawsuit/ar-AA1z0R0y ]