Denny Hamlin says 23XI Racing invests more into NASCAR than SMI

Denny Hamlin says 23XI Racing invests more into NASCAR than Speedway Motorsports has over the “last 10 years.”

[autotag]Denny Hamlin[/autotag] has been in the news over the last week, and it felt like it would never end for the Joe Gibbs Racing driver. Hamlin jumped the restart at Richmond Raceway, which caused controversy about his victory and fought with Speedway Motorsports Chief Executive Officer Marcus Smith following a negative report on Sonoma Raceway’s new repave.

Then, the driver of the No. 11 car went on his podcast, Actions Detrimental, and talked about an interesting investment stance with 23XI Racing. Apparently, Hamlin believes 23XI Racing has invested more into NASCAR than Speedway Motorsports lately.

“It’s frustrating because we know that they’re taking a bulk, and whenever we go to an SMI track, they’re taking the bulk of the money from the TV revenue,” Hamlin said. “And I know personally how much that I’ve invested in [23XI Racing]. I would venture to guarantee you that 23XI has invested more in this sport than SMI has invested in the last 10 years. And we’ve done it in four years.

“Just this one team has invested more in this sport. So, there’s a problem there. Especially when we get roughly, you know, half of what they get on any given weekend.”

This frustration stems from the charter negotiations, as the race teams don’t get a fair share of the revenue. Hamlin believes that 23XI Racing has invested more into NASCAR than Speedway Motorsports, but the latter receives more compensation. It’s understandable why Hamlin is frustrated, and hopefully, a solution will come sooner rather than later.

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