CHARLOTTE, N.C. (AP) — NASCAR Chairman Jim France is continuing testimony Wednesday as the final witness called by Michael Jordan’s side in the federal antitrust lawsuit lodged against the top motorsports series in the United States.
France returned to the stand on the eighth day of the trial to continue answering questions about his refusal to budge on key issues NASCAR teams asked for while negotiating their latest revenue-sharing model.
NASCAR implemented charters in 2016 as an answer to teams pleading for monetary assistance as they said they were bleeding money at an unsustainable rate. A charter is similar to a franchise in other sports, and in NASCAR it guarantees cars a spot in the 40-car field each week, as well as specified financial terms.
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