The fact that a three-judge federal appellate panel overturned an injunction requiring NASCAR to recognize Front Row and 23XI, which he and Michael Jordan own, as chartered teams as part of an antitrust case hasn’t affected Denny Hamlin. A day before the FireKeepers Casino 400, Hamlin stated on Saturday, “That’s just such a small part of the entire litigation.” “I’m not at bit discouraged. We’re doing well. Jordan feels the same way, according to Hamlin. Like me, he merely maintains his confidence, Hamiln remarked. NASCAR has not responded to the most recent decision. Following their refusal to sign new charter renewal agreements, 23XI and Front Row filed a lawsuit against NASCAR towards the end of last year.
The Fourth Circuit Court of Appeals in Richmond, Virginia, decided in favor of NASCAR on Thursday, despite their request for a temporary injunction that would allow them to be recognized as chartered teams for this season. “At the moment, we’re considering every possibility,” stated Hamlin. The teams, who haven’t won this season, claimed they needed the injunction because they can’t sue NASCAR under the current charter agreement. Additionally, 23XI contended that it would suffer as Tyler Reddick’s contract would have made him a free agent if the team had failed to provide him with a car with charter protection. Because of the uncertainty, Hamlin stated he is not concerned about losing drivers. “I’m not really focused on that right now,” he remarked. Reddick, the regular-season champion and Cup contender from the previous year Series standing.
BREAKING: Saudi Investors Reportedly Eye Trans Am Series Acquisition, Ray Evernham Tapped to Lead OperationsSimilar to franchises in other sports, NASCAR has the authority to revoke the charters, which also have expiration dates. In order to qualify for the race and earn a portion of the money, the six teams might have to compete as “open” cars and must meet weekly speed requirements. According to Hamlin, operating three cars without a charter would cost the teams “tens of millions.” “If necessary, we’re determined to run this season open,” he stated. “No matter what, we’re going to race and fulfill our obligations. Our purpose is to race. We are optimistic that our team will be here for the long run. December is when the antitrust case is expected to be heard.
If the two groups’ six charters are returned to the sanctioning body, NASCAR has not stated what it will do with them. A field of 40 automobiles has 36 chartered cars. According to Hamlin, “we feel like the facts were on our side.” “I think we might be in pretty good shape if you listen to the judges,” the speaker said.
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