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Economist Pegs Plaintiffs’ Damages at $364.7 Million in NASCAR Antitrust Trial

The expert portrayed NASCAR as a monopolist that controls tracks, teams and cars, claims now under attack in cross-examination.

Overview

  • Snyder told the jury 23XI is owed $215.8 million and Front Row $148.9 million, citing lost profits, reduced team valuations and 2025 revenue effects.
  • He said NASCAR’s control of tracks, teams and the Next Gen car, plus long-term exclusivity deals, suppressed competition, referencing internal documents about rival-league concerns.
  • The economist estimated chartered teams were shorted $1.06 billion from 2021–24 and testified NASCAR has ample assets and earnings to increase payouts, assertions NASCAR challenged by attacking his Formula 1 comparisons.
  • Judge Kenneth Bell extended court days and rebuked both sides for late filings as Snyder’s cross-examination was set to continue Tuesday.
  • Richard Childress is expected to take the stand soon after derogatory texts by Steve Phelps surfaced, while NASCAR prepares to call Rick Hendrick and Roger Penske following a scheduling ruling on Penske’s appearance.