NASCAR Antitrust Trial Kicks Off with Denny Hamlin’s Testimony
On Monday, NASCAR Cup driver and 23XI Racing co-owner Denny Hamlin testified in federal court in Charlotte, North Carolina, as part of an antitrust lawsuit filed against the sanctioning body. The case centers on claims that NASCAR is engaging in anti-competitive practices and underpaying teams for charters.Key TakeawaysDenny Hamlin testified that it costs $20 million annually to put a car on the track, which does not cover additional expenses like sponsor activation and human resources.The team has an $8 million annual service agreement with Joe Gibbs Racing (JGR), allowing 23XI Racing to operate with only 140 employees.Hamlin stated that in 2020, the team paid $4.7 million for its first Charter and $13.5 million for a second Charter in 2021.Denny Hamlin began his testimony by criticizing ...