CHARLOTTE, N.C. (AP) — The daughter-in-law of race team owner Joe Gibbs gave emotional testimony Friday in the federal antitrust case against NASCAR about the chaotic six-hour period in which teams had to sign an extension on a new revenue model or forfeit their charters.
“The document was something in business you would never sign,” said Heather Gibbs, who is also a licensed real estate agent. “It was like a gun to your head: if you don't sign, you have nothing.”
Charters are the equivalent of the franchise model used in other sports and in NASCAR it guarantees every chartered car a spot in all 38 races, plus a defined payout from the stock car series. The system was created in 2016, and during the two-plus years of bitter negotiations on an extension teams begged for the renewable ch

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