Overview
- Dr. Edward A. Snyder testified that 23XI Racing should receive $215.8 million and Front Row Motorsports $148.9 million, totaling $364.7 million in damages.
- He told jurors NASCAR underpaid charter teams by roughly $1.06 billion from 2021 to 2024 and described the sanctioning body as a monopolist that controls tracks, teams, and cars.
- Snyder’s model referenced an estimate that Formula 1 distributes about 45% of revenue to teams versus roughly 25% in NASCAR, a premise NASCAR’s lawyers dispute.
- Defense attorney Larry Buterman pressed Snyder on his F1 comparisons and factual claims, including statements about non-compete clauses and the timing of track exclusivity payments.
- Court sessions have been extended as Snyder’s testimony continues, with the case stemming from 23XI and Front Row’s 2024 refusal to sign NASCAR’s new charter agreement.