New day, new drama in NASCAR’s legal saga, and this time it’s straight from the top dog’s mouth. NASCAR Commissioner Steve Phelps stepped into the spotlight on CNBC News, trying to cool the flames of the ongoing lawsuit with 23XI Racing and Front Row Motorsports.
“There is a significant increase in revenue that the teams got so over the period of time, the increase that we offered the race team contract to contract was 23%. That’s a significant increase, if you are a monopolist, you have that behaviour, you’re not gonna increase by 73%, you’re actually gonna go backwards because you have that ability to do it, for us that’s not what we wanted to do because we need healthy race teams,” Phelps said, painting NASCAR as the good guy just looking out for its teams.
But here’s the rub, Phelps’ claim of generosity feels like a classic monopoly move of tossing out a shiny number to dodge the heat. If NASCAR’s so keen on “healthy race teams,” why the iron grip on financial transparency? Opening the books could expose NASCAR’s cut of the pie, especially since they’re all chasing the same sponsorship dollars as the teams. That kind of conflict could spark chaos, and NASCAR knows it.
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