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Report: NASCAR Wants to Buy Charters From Race Teams

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Joshua Lipowski

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What’s Happening?

Adam Stern of Sports Business Journal reports that the most recent charter offer from NASCAR to the teams would allow the France family to purchase a NASCAR Cup Series charter and own a Cup Series race team. Stern also notes that the current offer on the table is a seven-year deal with a seven-year option.

  • The France family has owned NASCAR since its inception in 1948, and Jim France currently serves as NASCAR’s Chairman of the Board and CEO. The France family has never owned a NASCAR race team in any capacity. However, Jim France owns an IMSA team, Action Express Racing, which finished second in the Rolex 24 at Daytona in January.
  • The family also has a short history of racing in NASCAR. NASCAR Senior Vice President of Racing Development and Strategy Ben Kennedy is a former driver who won a Truck Series at Bristol in 2016. Kennedy is the son of NASCAR’s Executive Vice Chair, Lesa France Kennedy.
  • Fans were surprised to see this. Does this mean we could soon see a France family-owned and operated Cup Series team?

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Picture of Joshua Lipowski

Joshua Lipowski

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