23XI Racing misses deadline to sign charter agreement
HAMPTON, Ga. — 23XI Racing announced Saturday that they didn’t meet a NASCAR-imposed deadline to sign new charter agreements for its two cars.
According to the organization, the deadline was Friday night for the 2025-31 NASCAR Cup Series charter agreement. They stated in a letter to NASCAR that they “did not have an opportunity to fairly bargain for a new Charter contract.”
“We notified NASCAR what issues needed to be addressed, in writing, at the deadline. We’re interested in engaging in constructive discussions with NASCAR to address these issues and move forward in a way that comes to a fair resolution, while strengthening the sport we all love,” 23XI Racing elaborated in the statement.
The organization emphasized they’re “committed to competing at the highest level.” However, they said they stand firm in believing “NASCAR should be governed by fair and equitable practices.”
Front Row Motorsports also reportedly didn’t meet the deadline. TRE hasn’t independently confirmed this, however.
The Cup Series’ charter agreement expires after this year. Negotiations have stretched on for years, missing multiple deadlines as organizations bargained for fairer teams.
According to Denny Hamlin, the co-owner of 23XI Racing, and other outspoken voices in the process, like Hendrick Motorsports Vice Chairman Jeff Gordon, their goal was to get an agreement that would help make their business more profitable, calling out NASCAR’s profitability.
There is no word on what the terms of the signed charter agreement are.
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Jonathan Fjeld View All
Jonathan Fjeld is the co-owner of the The Racing Experts, LLC. He has been with TRE since 2010.
A Twin Valley, MN, native, Fjeld became a motorsports fan at just three years old (first race was the 2002 Pennsylvania 500). He worked as a contributor and writer for TRE from 2010-18. Since then, he has stepped up and covered 24 NASCAR race weekends and taken on a larger role with TRE. He became the co-owner and managing editor in 2023 and has guided the site to massive growth in that time.
Fjeld has covered a wide array of stories and moments over the years, including Kevin Harvick's final Cup Series season, the first NASCAR national series disqualification in over 50 years, Shane van Gisbergen's stunning win in Chicago and the first Cup Series race at Road America in 66 years – as well as up-and-coming drivers' stories and stories from inside the sport, like the tech it takes for Hendrick Motorsports to remain a top-tier team.
Currently, he resides in Albuquerque, N.M., where he works for KOB 4, an NBC station. He works as a digital producer and does on-air reports. He loves spending time with friends and family, playing and listening to music, exploring new places, being outdoors, reading books and writing among other activities. You can email him at fjeldjonathan@gmail.com
Sounds like a major lawsuit (23XI Racing vs NASCAR) is possible!