NASCAR chairman Jim France firm on charters
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NASCAR, Michael Jordan
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On Day 8 of the trial, France explained his reasoning for resisting permanent charters to teams as the plaintiffs wrapped up their case.
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Brian France appeared as a key witness in NASCAR’s antitrust case
The most powerful figure in stock car racing has stepped out of the shadows and into a Charlotte courtroom, where the future of NASCAR’s business model is being dissected in front of a jury. As Brian France takes the stand in an antitrust fight brought by teams aligned with Michael Jordan,
Former NASCAR driver and reporter Kenny Wallace recently offered a pointed assessment of the forces that led to NASCAR’s antitrust settlement with 23X and FRM, suggesting that NASCAR chairman Jim Fran
Finishing his testimony under cross-examination, NASCAR Chairman and CEO Jim France said he wasn’t comfortable agreeing to permanent charters because he didn’t know what the future of the sport would look like.
Permanent franchises ("evergreen charters") were at the heart of the disagreement between NASCAR and the plaintiffs, including Michael Jordan.
NASCAR Chairman Jim France remained steadfast in his refusal to change NASCAR's Charter Agreement, and team owner Richard Childress testied in the NASCAR Trial on Dec. 9.
NASCAR President Steve O’Donnell took the stand early Thursday morning in a North Carolina federal courtroom and admitted CEO Jim France was not open to a new business model.