NASCAR charter values skyrocket after evergreen deal in antitrust lawsuit settlement: Reports

Several NASCAR team investors feel that the value of NASCAR charters has gone up overnight. With the charter system now permanent, or “evergreen,” as the NASCAR aficionados like to call it, most industry executives have predicted that they might top a whopping $50 million in the next valuation.

Some think that the number might even get closer to $90 or even $100 million. One of them happens to be NASCAR SVP and Chief Strategy Officer Scott Prime. Former Richard Petty Motorsports owner Andrew Murstein thinks that it’s a win-win scenario for both NASCAR and the teams.

“As I had been saying for years and always believed when I owned Richard Petty Motorsports, this outcome was inevitable and a no-brainer to be honest,” said Murstein. “A rising tide lifts all boats. This settlement is a clear example of that philosophy.” “By establishing a permanent charter system, much like the old taxi medallion system, NASCAR is ensuring long-term value for everyone involved. It’s truly a win-win scenario,” he added.

As per reports, teams will no longer need to renew their charters every few years as long as they fulfill certain requirements. Denny Hamlin, who owns 23XI Racing (one of the plaintiffs in the NASCAR lawsuit), feels that this will give the drivers the “stability and opportunity” they deserve.

“Teams, drivers and partners will now have the stability and opportunity they deserve,” Hamlin said following Thursday’s hearing. “Our commitment to the fans and to the entire Nascar community has never been stronger. I’m proud of what we accomplished, and now it is time to move forward together and build the stronger future this sport deserves.”

All eyes are now on the upcoming NASCAR season. The 2026 NASCAR Cup Series campaign will kick off on February 1, 2026, with the Cook Out Clash at Winston-Salem’s Bowman Gray Stadium.

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NASCAR team owner and NBA legend Michael Jordan pinpoints “progress” in brutal legal saga

The framework of the new NASCAR settlement was described by renowned FOX journalist Bob Pockrass in an older story. However, the financial terms of the settlement were not released.

Following Thursday’s session, NBA Hall of Famer and 23XI Racing co-owner Michael Jordan issued a statement in front of the reporters. He said that the nine-day-long antitrust battle was all about the holistic progress of the sport.

“It was about making sure our sport evolves in a way that supports everyone: teams, drivers, partners, employees, and fans,” Jordan explained. “With a foundation to build equity and invest in the future and a stronger voice in the decisions ahead, we now have the chance to grow together and make the sport even better for generations to come.”

2026 marks the 78th season of NASCAR. The upcoming regular points season begins with the 58th running of the annual Daytona 500. Scheduled for February 15, fans can watch the 500-mile event live on FOX, starting at 2:30 pm ET.

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Edited by Tushhita Barua