NASCAR Faces Legal Challenges Over Team Payments

A high-profile economist testified on October 27, 2024, that NASCAR allegedly underpaid teams by $1.06 billion over four years. Dr. Edward A. Snyder, former dean of Yale's business school and the University of Chicago, stated that NASCAR should pay $215.8 million in damages to 23XI Racing and $148.9 million to Front Row Motorsports, citing monopolistic behavior.

Snyder described NASCAR as a monopolist, controlling tracks, teams, and cars, and argued that the organization's payout structure, sharing only 25% of its revenue compared to Formula One's 45%, is anti-competitive.

NASCAR's legal team challenged Snyder's claims, arguing that his estimates for F1 payments were incorrect. Snyder's testimony continues as the trial unfolds in Charlotte, North Carolina, where the prosecution has several witnesses yet to present.