Denny Hamlin, co-owner of 23XI Racing and veteran NASCAR driver, recently weighed in on rumors surrounding the potential acquisition of a Stewart-Haas Racing (SHR) charter for his team. Hamlin confirmed that discussions are ongoing but emphasized that no agreements have been finalized.
Speaking with reporters, Hamlin stated, “Nothing is complete as far as the SHR charter to 23XI. I know the options that are available, but there’s nothing I can talk about at this time.” His remarks come amid growing speculation that 23XI Racing is working to secure a third charter, a move that could solidify the team’s long-term expansion plans.
23XI Racing’s Growth and the Charter Market
Since its debut in 2021, 23XI Racing has rapidly evolved into one of NASCAR’s most competitive teams. With Bubba Wallace and Tyler Reddick behind the wheel, the organization has secured victories, playoff appearances, and a strong reputation in the Cup Series. A third charter would allow 23XI to expand its roster and further cement its status as a powerhouse team.
Charters are a hot commodity in NASCAR, providing guaranteed entry into races and a share of the sport’s revenue distribution. With Stewart-Haas Racing reportedly considering changes to its lineup and operations, speculation has centered on whether SHR might sell one of its four charters to streamline its team.
What Could This Mean for 23XI and SHR?
If 23XI Racing acquires a charter from SHR, it could position the team for a three-car operation in the near future. This move would align with Hamlin’s long-term vision of growing the organization, particularly as other manufacturers and sponsors continue to invest in the sport.
For SHR, selling a charter could provide financial flexibility as the team navigates an evolving NASCAR landscape. SHR has faced challenges in maintaining top-tier performance across all four of its cars in recent seasons, sparking speculation about potential downsizing or restructuring.
Hamlin Remains Tight-Lipped
Hamlin’s measured response is consistent with his approach to team business. “I understand why there’s interest in what we’re doing, but it’s important to get things right before making anything public,” he added. His comments suggest that negotiations are at a delicate stage, with many moving parts still to be resolved.
As the NASCAR offseason unfolds, the charter market will remain a key storyline. Whether 23XI Racing and Stewart-Haas Racing come to terms on a deal could significantly shape the 2025 Cup Series grid. For now, all eyes are on Hamlin and the decisions that will define his team’s future trajectory.
