In the months leading up to Michael Jordan’s lawsuit against NASCAR, tensions were escalating. Many Cup Series team owners confessed to massive financial struggles due to the Next-Gen car and the charter system. They spoke collectively as part of the Race Team Alliance, and included even Rick Hendrick. However, things changed following the new charter deal in October 2024. Now, one team owner testified to jaw-dropping economic challenges.

NASCAR lawsuit reveals bitter truth

Journalist Adam Stern wrote on X, “Asked about @NASCAR’s phrasing that it originally gave charters out for free in 2016, @Team_FRM owner Bob Jenkins said it was “a little hard to swallow when I heard that,” because he says that he lost $8.5 million in the two prior years during which time FRM qualified for them.”

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