NASCAR has issued another filing in the antitrust lawsuit which indicated that it will not approve the transfer of charters from Stewart-Haas Racing to 23XI Racing and Front Row Motorsports.
SHR, a team co-founded by Tony Stewart and Gene Haas in 2009, has been a formidable presence in NASCAR, securing Cup Series titles in 2011 and 2014. Despite this success, SHR announced it would close operations at the end of the 2024 season, a decision attributed to the increasingly demanding nature and significant resources required in motorsports. A spokesperson for SHR stated earlier in the year:
“We have made the difficult decision to close Stewart-Haas Racing at the conclusion of the 2024 season. It is a decision that did not come easily, nor was it made quickly.
“Racing is a labour-intensive, humbling sport. It requires unwavering commitment and vast resources, with a 365-day mindset to be better than everyone else. It’s part of what makes success so rewarding.
Chris Graythen/Getty Images
“But the commitment needed to extract maximum performance while providing sustainability is incredibly demanding, and we’ve reached a point in our respective personal and business lives where it’s time to pass the torch.
“We’re proud of all the wins and championships we’ve earned since joining together in 2009, but even more special is the culture we built and the friendships we forged as we committed to a common cause – winning races and collecting trophies.
“That is the same commitment we made to our personnel, our partners and our fans coming into this year, and that commitment will remain through the season finale at Phoenix.
“We have tremendous respect and appreciation for all of our employees, and we will work diligently to assist them during this transition to find new opportunities beyond the 2024 race season.”
The implications of SHR’s closure have reverberated through the charter market, particularly affecting teams like 23XI Racing and FRM who had shown…
Click Here to Read the Full Original Article at Newsweek…