23XI Racing agreed to purchase third charter, needs NASCAR’s approval

23XI Racing agreed to purchase a third charter for the 2025 NASCAR Cup Series season; however, it still requires approval from NASCAR.

[autotag]23XI Racing[/autotag] and Front Row Motorsports filed an antitrust lawsuit against NASCAR, as announced on Wednesday. The two organizations haven’t signed NASCAR’s latest charter agreement and expressed several issues with how the sport handled itself during these negotiations. Also, the lawsuit contains one notable bit of information regarding 23XI Racing’s future plans.

According to the lawsuit, 23XI Racing and Stewart-Haas Racing “entered into a purchase agreement [for a charter] on August 7, 2024, but the transaction is still in escrow and requires approval from NASCAR.” As of now, the sport hasn’t approved the sale that would give 23XI Racing a third charter for the 2025 Cup Series season.

Riley Herbst has been heavily linked to 23XI Racing’s potential third car, but his future remains up in the air as the lawsuit between the two organizations and NASCAR plays out. It remains to be seen if NASCAR will approve the sale of Stewart-Haas Racing’s charter to 23XI Racing as the two sides now fight through an antitrust lawsuit.

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