Childress: NASCAR's Charter System Falls Short

Richard Childress, a long-time NASCAR team owner, testified in Michael Jordans antitrust lawsuit against NASCAR, revealing he signed the new revenue sharing model due to financial pressure. Childress, who has a personal relationship with the France family, supports the charter system but believes it falls short due to non-permanent charters. NASCAR Commissioner Steve Phelps also testified about the challenging negotiations, confirming the final deal did not include permanent charters or a voice in governance. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.