NASCAR to announce new 'charter' system for teams
By Tom Jensen
Chairman and CEO Brian France will make a "major NASCAR announcement" along with "key industry executives" on Tuesday. Sources say a new 'charter' system for team owners will be announced.
NASCAR has scheduled a 1:30 p.m. press conference Tuesday with Chairman and CEO Brian France along with "key industry executives" for what the sanctioning body is calling a "major NASCAR announcement."
FOXSports has confirmed that the announcement will be that NASCAR and the Sprint Cup Series team owners have reached an agreement on a Charter system that would give owners a more secure financial position in the sport.
Analysis: Explaining the charter system -- and why NASCAR needs it
NASCAR officials recently have indicated such an agreement was close.
"NASCAR and NASCAR Sprint Cup team owners have continued to make progress in our discussion," said David Higdon NASCAR Vice President, Integrated Marketing Communications, in a Jan. 29 e-mail. "There still is work to be done, but we remain very optimistic that we'll have agreements completed prior to the start of the 2016."
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