Charter System A Big Boost For Big-Team Owners
NASCAR chairman and CEO Brian France and NASCAR have given a lucrative gift to team owners. (RacinToday/HHP file photo by Harold Hinson)
By Deb Williams | Senior Writer
Five days before NASCAR kicks off its 2016 season with the Sprint Unlimited at Daytona, the sanctioning body’s first-ever charter system is in place.
It means that 36 of this year’s 38 full-time teams are guaranteed a starting position in the Sprint Cup Series 36-point races, which will have a grid of 40, not 43 cars. According to NASCAR executives and owners, the nine-year charters mean financial stability for the owners, not only from a guaranteed amount of revenue but from the equity that can accrue.
NASCAR Hall of Famer Richard Petty, who has been involved with the sport since its inception, described the historical event as “the second most important thing that’s ever happened in NASCAR, because now the drivers and owners … can really work across the aisle.”
“It’s sort of like the Democrats and Republicans, they’ve been doing their thing, we’ve been doing our thing, meeting in the middle a little bit,” Petty said. “We’re getting rid of that. We’re all going to be in the middle of the deal now. Now we’re going to be in the same room talking about the same problems and solving the problems together. From that standpoint, it’s going to be one of the greatest things that’s ever happened to NASCAR and Cup racing.”
The charter team owners will have an increased participation in the NASCAR governance as part of the Team Owner Council. They also will have the ability to make money via NASCAR’s digital operations. Read the full story »