End Of An Era: About a minute ago Michael Jordan and Team members Bubba Wallace, Riley Herbst, Tyler Reddick announce departing from NASCAR and Reason why…..
The two teams are locked in a bitter dispute with NASCAR over its new charter agreement, and according to insider Bob Pockrass, both 23XI Racing and FRM must win an injunction for the sale of the charters from Stewart-Haas Racing to go through while their lawsuit against the governing body continues.
A judge could rule against the two teams’ request, leaving two Cup Series charters up for grabs for eligible teams on the grid.
SHR may potentially have to lease the charters to other teams for the year, with both 23XI Racing and FRM set to compete in the Cup Series as open teams and not charter teams.
NASCAR says the charter agreement is off the table for 23XI and Front Row, but that could change should the governing body change its mind and re-offers their two charters.
Jordan’s 23XI Racing has already named its third driver for 2025, with rookie Riley Herbst getting the nod to make a full-time step up to the Cup Series, while FRM took on Noah Gragson, who raced at SHR in 2024.
Hendrick Motorsports and Joe Gibbs Racing are two NASCAR teams that have four charters, while the rest have a maximum of three.
Four teams already have all three driver spots filled.
Spire Motorsports, Trackhouse Racing, RFK Racing, and Team Penske have already named their three-man driver lineups for 2025, leaving just a few teams the opportunity to bolster their ranks.
