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Economist Says NASCAR Owes 23XI and Front Row $364.7 Million as Antitrust Trial Slows in Week Two

An expert for the teams told jurors NASCAR’s practices cost the plaintiffs $364.7 million.

Overview

  • Snyder testified the damages split is $215.8 million for 23XI Racing and $148.9 million for Front Row Motorsports, using a model that benchmarked higher team shares seen in other series.
  • He said NASCAR’s long-term track exclusivity deals foreclosed rival stock-car events, leaving teams with no alternative market and reinforcing control over tracks, teams, and cars.
  • He cited NASCAR’s finances — roughly $2.2 billion in assets, a $5 billion equity value, about $250 million in annual earnings from 2021–24, and $400 million in distributions to the France family — to argue the series could pay teams more.
  • U.S. District Judge Kenneth Bell pressed both sides to accelerate proceedings after delays, as plaintiffs continued presenting witnesses and NASCAR’s defense remained pending.
  • Plaintiffs plan to call Steve Phelps, Richard Childress, and Jim France, with attention on Phelps’ derogatory texts about Childress and Childress’ threat of legal action, while NASCAR maintains the charter deal was standard practice that increased team payouts.