Overview
- Economist Edward A. Snyder testified that 23XI Racing and Front Row Motorsports are owed $364.7 million and said NASCAR’s control of tracks, teams and cars reflects monopolistic conduct.
- Snyder estimated chartered teams were underpaid by $1.06 billion from 2021 to 2024 and cited NASCAR’s $2.2 billion in assets, $5 billion equity and $250 million in annual earnings.
- NASCAR began its rebuttal in cross-examination, disputing Snyder’s comparisons to Formula 1 and his chronology of track exclusivity, and signaled its own experts will counter his analysis.
- Judge Kenneth D. Bell extended court hours, pressed plaintiffs to finish Tuesday and urged the defense to start calling witnesses after criticizing late filings and the trial’s slow pace.
- Plaintiffs plan to call Commissioner Steve Phelps, Chairman Jim France and owner Richard Childress next, with Childress tied to derogatory texts by Phelps disclosed during discovery.