NASCAR has ended a major antitrust lawsuit, brought by team owners including basketball legend Michael Jordan of 23XI Racing and Bob Jenkins of Front Row Motorsports, after reaching a settlement on Thursday.

The agreement was finalised following eight days of a federal trial, representing a major concession by NASCAR that introduces “evergreen” or permanent charters for all teams and includes an undisclosed financial element.

The lawsuit was initiated after 23XI Racing and Front Row Motorsports, two of the 15 Cup Series organisations, refused to sign a 2024 extension of NASCAR’s charter agreements.

These agreements grant teams franchise-like ownership over their entries and a share of prize money.

The plaintiffs argued that the charters did not provide teams with enough rights or financial viability, accusing NASCAR of operating a non-transparent monopoly that stifled competition.

Testimony during the trial revealed that teams received approximately $12–13 million annually under the old agreement, while they claimed they needed closer to $20 million to be financially sustainable.

The key commercial adjustment secured by the teams is the establishment of “evergreen” charters, subject to mutual agreement from the other charter holders.

This permanence is expected to significantly increase charter valuations, attracting greater investment and stability to the sport’s ownership base.

The settlement also returns the six respective charters (three each) to 23XI and Front Row Motorsports, restoring them to full chartered status alongside the other 30 chartered entries in the field.

While the financial terms of the settlement are confidential and were not specified in the joint statement, industry sources suggest the settlement included compensation for the plaintiff teams for lost income incurred while they raced unchartered in the 2025 season.

Furthermore, the amendment to the charter agreement for all teams is understood to include increased team influence, such as a return to a “strike rule” (now increased to five) allowing teams to veto major decisions, and a new portion of revenue from NASCAR’s international media rights deals.

The resolution, which avoids a court verdict that could have forced NASCAR to sell its tracks or face damages estimated at over USD300 million (AUD528 million), allows the series to focus on the future.

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The Chevrolet Corvette ZR1 has been making waves this year, setting a series of performance records hard to ignore. Chevrolet brought a pre-production ZR1 equipped with the ZTK Performance Package to some of the most demanding tracks in the US. This resulted in five new production-car lap records – at Watkins Glen, Road America, Road Atlanta, and both the Full and Grand layouts at Virginia International Raceway.

Chevrolet’s most powerful combustion-only Corvette, the ZR1, may sit in the shadow of the flashier all-wheel-drive ZR1X, but it continues to prove its strength. Recently, with veteran driver Ron Fellows at the wheel, the ZR1 set another production-car lap record. At Canadian Tire Motorsport Park (CTMP), it comfortably outpaced the Ford Mustang GTD, adding to its growing list of achievements.

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In 2026, the Corvette ZR1, driven by Canadian racing legend Ron Fellows, smashed the Mosport production-car lap record with a quick 1:18.2. This new time beat the previous 1:22.12 mark, set in 2023 by a Corvette Z06, also piloted by Fellows, further highlighting both his skill and the ZR1’s impressive track performance.

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At Canadian Tire Motorsport Park, the 2026 Corvette ZR1 showcased its extreme performance with the optional ZTK package, which adds massive downforce. Powering the car is a twin-turbocharged 5.5-liter V-8 mounted toward the rear, giving it excellent balance and agility. Chevrolet claims the ZR1 can accelerate from 0-60 mph in just 2.3 seconds, making it one of the quickest Corvettes ever. With the ZTK kit, the car produces up to 1,200 pounds of downward force, ensuring superior grip, stability, and cornering ability during high-speed track runs.

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Equipped with the ZTK aero package, the Corvette ZR1 produces over 550 kilograms of downforce at high speeds. This added grip allows drivers to brake later and maintain higher speeds through Mosport’s fast, flowing sections, where confidence in the car is crucial. The balance of stability and control helps unlock quicker lap times without the need for dramatic maneuvers. Instead, the ZR1 delivers a consistent, relentless pace, showing how advanced aerodynamics can transform performance into smooth efficiency and competitive advantage on demanding tracks.

BOWMANVILLE – Canadian Tire Motorsport Park has been purchased by a new ownership group.

The new group is led by Peter Thomson with Chris Pfaff and Alek Krstajic as partners.

CTMP is a multi-track motorsport facility outside Bowmanville, Ont., that opened in 1961.

“Canadian Tire Motorsport Park is a place with deep heritage and a loyal community,” said Pfaff in a statement. “Our team is proud to be its next steward. We’re committed to respecting everything that makes CTMP special today, while building the foundation for an elevated experience in the years ahead.”

The existing management team and staff, led by Myles Brandt, will remain in place.

A broader vision for the future of the site will be unveiled at the Canadian International Auto Show in February 2026, where the ownership group will share the roadmap for CTMP’s long-term development, investment strategy, and enhanced role within the Canadian motorsport and entertainment spaces.

The team encourages current customers, partners, and media to reach out with any immediate questions about CTMP’s future.

This report by The Canadian Press was first published Dec. 11, 2025.

One of Jimmie Johnson’s Legacy Motor Club drivers revealed his retirement could be coming sooner than expected.

Erik Jones, who drives the No. 43 car for LMC in the NASCAR Cup Series, recently spoke to Motor Racing Network’s Steve Post about his career plans and balancing a variety of responsibilities, which now include being the father to a one-year-old. It comes after a NASCAR settlement gave team owners more than 40 million reasons to thank Michael Jordan.

“I was talking with somebody yesterday and we were kind of laughing about my schedule at times and how busy it gets,” Jones said. “I told them, I’m just frontloading my whole life and career right now.”

“It’s all stuff I love, and with the young one now, it’s gotten even busier,” he added. “But you know it’s fun to kind of balance all that time and get to figure out how to make it all work.”

Jones, 29, originally joined Richard Petty Motorsports, which eventually became Petty GMS Motorsports and later Legacy Motor Club, in October 2020, and recently signed a multi-year contract extension in August 2024 to stay with the Johnson-owned team.

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In five seasons with LCM, Jones has won one race, the 2022 Cook Out Southern 500 at Darlington Raceway, and recorded 33 top 10 finishes and nine top five finishes.

Jones and John Hunter Nemechek, who drives the No. 42 car, are LCM’s only two full-time drivers. Johnson, a seven-time Cup Series champion, continues to drive in a part-time role in the No. 84 car.

In 2025, Jones recorded four top five finishes, including a season best third-place finish at the Southern 500 at Darlington, the site of his most recent win in 2022.

In addition to being a full-time NASCAR driver, Jones has found time to participate in super late model races when it does not overlap with his LCM duties. 

Add in his charity work through the Erik Jones Foundation, which he founded in 2021, and the birth of his son in November 2024, and Jones has begun to consider life beyond his racing career.

“It’s been different, in a couple ways. It changes your perspective definitely, it makes you look at things pretty different,” Jones said about how the birth of his son changed his life. “The hardest thing is probably your schedule changes so much… all of a sudden you’re not really on your time anymore, you’re on his time now.”

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.”