NASCAR president Steve Phelps has told 23XI Racing that “NASCAR has made several concessions and compromises” while negotiating the 2025 Charter Agreement, in a letter signed by Phelps to the organization last month.The letter was part of the exhibits released Wednesday when a preliminary injunction was filed by 23XI Racing...

Dale Coyne has been an IndyCar entrant since 1984. In the five decades since the Illinois native joined the CART IndyCar Series as an owner/driver, carried the outfit into the Champ Car World Series, and migrated to today’s NTT IndyCar Series, he’s taken on a number of co-entrants. But he’s...

23XI Racing says it intentionally missed a deadline to sign NASCAR’s new charter agreement because it is still not satisfied with the terms laid out by the series.“23XI decided to not meet a NASCAR-imposed deadline last night to sign charter agreements for its two cars for 2025-2031. 23XI’s position, as...

IndyCar Series team owners will have a new opportunity to review and possibly agree to move forward with a new charter system that series’ owner Penske Entertainment has been developing for the last six months.Although the first attempt to push through charters late in 2023 was unsuccessful, an array of...

PREMA Racing has yet to enter an IndyCar Series race, but that hasn’t stopped the Italian team from trying to secure its future in the American open-wheel series.RACER has learned the Formula 2 and European junior series organization owned by Rene Roisin and managed by Angelina Ertsou has made outreaches...

With its second attempt to form a charter system having failed late in 2023, Penske Entertainment says a third engagement with its IndyCar entrants, which took place earlier this week, ended in an encouraging manner.At present, and in stark contrast to NASCAR and Formula 1, IndyCar team owners have no...

NASCAR president Steve Phelps says that the next television deal needs to be done before the industry can finalize a new charter agreement.“I think the race teams have seen that,” Phelps said during his annual season-ending state of the sport address. “With that said, we're currently having discussions with our...

NASCAR announced Friday morning that the sanctioning body and NASCAR Cup Series team owners have signed an extension of the Charter agreement."The Charter agreement is delivering stability and long-term value to existing team owners while providing a clear path for ownership in the NASCAR Cup Series," said NASCAR President Steve...