By Neha Dwivedi, Staff Writer and Jerry Jordan, Editor
On the ninth day of proceedings in the legal battle involving NASCAR, 23XI Racing and Front Row Motorsports, the standoff concluded with a settlement. Both sides issued a joint statement confirming the resolution and emphasizing that the agreement is designed to provide long-term stability while laying the groundwork for meaningful growth across the sport in a more competitive landscape.
Under the terms of the settlement, NASCAR will distribute an amendment to existing charter holders outlining updated provisions for execution. Those terms include the introduction of a form of “evergreen” charters, contingent upon mutual consent. However, the financial details of the agreement will remain confidential and will not be made public.
The resolution prompted responses from across the garage, including industry leaders such as Team Penske and Hendrick Motorsports. Team Penske owner Roger Penske welcomed the development.
“Today’s settlement is tremendous news for the industry,” Penske said in a written statement. “We are stronger together as a sport and the agreement today allows all of us to focus on what’s important: the continued growth of NASCAR. The sport has never been more competitive and today’s resolution provides the entire industry with a platform that strengthens our business and allows us to continue to entertain our millions of passionate fans in a unified way.”
Rick Hendrick, owner of Hendrick Motorsports, echoed that sentiment while stressing the broader implications for the sport.
“Millions of loyal NASCAR fans and thousands of hardworking people rely on our industry, and today’s resolution allows all of us to focus on what truly matters, the future of our sport,” Hendrick’s written comments stated. “For more than 40 years, NASCAR racing has been my passion. I believe deeply in what we can accomplish when we work together. This moment presents an important opportunity to strengthen our relationships and recommit ourselves to building a collaborative and prosperous future for all stakeholders. I’m incredibly optimistic about what’s ahead. When our industry is united, there’s no limit to how far we can go or how much we can grow the sport we love.”
One of those immediate implications came from a team owner, who wished to remain anonymous, saying that his charters just “doubled in value.”
“We were in a bind, we had to sign, but it took someone like (Michael) Jordan to Bob (Jenkins) to stand up to NASCAR,” the source confided to Kickin’ the Tires. “We had sponsor concerns and weren’t sure what would happen if we didn’t take whatever we could get and hope for the best.”
Jordan, the NBA billionaire who co-owns 23XI Racing with NASCAR driver Denny Hamlin, framed the settlement as a continuation of the original intent behind the lawsuit. He explained the action was always about progress and ensuring the sport evolves in a way that supports teams, drivers, partners, employees, and fans alike.
“ We now have the chance to grow together and make the sport even better for generations to come,” Jordan said. “I’m excited to watch our teams get back on the track and compete hard in 2026.”
Hamlin also addressed the outcome of the case, reflecting on his lifelong connection to NASCAR. He spoke about how racing has shaped his identity and why that bond compelled his team to shoulder the challenges that came with taking a stand. Hamlin said he knew from the beginning the fight was worth it.
“I’ve cared deeply about the sport of NASCAR my entire life,” Hamlin said. “Racing is all I’ve ever known, and this sport shaped who I am. That’s why we were willing to shoulder the challenges that came with taking this stand. We believed it was worth fighting for a stronger and more sustainable future for everyone in the industry. Teams, drivers, and partners will now have the stability and opportunity they deserve. Our commitment to the fans and to the entire NASCAR community has never been stronger. I’m proud of what we’ve accomplished, and now it is time to move forward together and build the stronger future this sport deserves.”
“With this change, we can finally build long-term value and have a real voice in NASCAR’s future,’ said Jenkins, who co-owns Front Row Motorsports. “I’m excited for the road ahead—for the people in the garage, the folks in the stands, and everyone who loves this sport.”
During the trial, he testified that he had never made a profit from NASCAR. He noted that it had long been evident that the sport required a structure that treated teams, drivers, and sponsors fairly while preserving competitive integrity. This settlement offers that opportunity.
NASCAR CEO and Chairman, Jim France, whose father, Bill France Sr., first created NASCAR during a meeting at the Streamline Hotel in Daytona Beach, Fla., stated that he believes the agreement will help the growth of the sport going forward. He was the primary holdout, repeatedly refusing to grant permanent charters to the teams. In the end, he acquiesced, possibly because the trial was not going in NASCAR’s favor and possibly because sponsors began questioning the logic behind the decisions being made from the top.
“This outcome gives all parties the flexibility and confidence to continue delivering unforgettable racing moments for our fans, which has always been our highest priority since the sport was founded in 1948,” France stated. “We worked closely with race teams and tracks to create the NASCAR charter system in 2016, and it has proven invaluable to their operations and to the quality of racing across the Cup Series. Today’s agreement reaffirms our commitment to preserving and enhancing that value, ensuring our fans continue to enjoy the very best of stock car racing for generations to come. We are excited to return the collective focus of our sport, teams and racetracks toward an incredible 78th season that begins with the Daytona 500 on Sunday, Feb. 15, 2026.”