The Billionaire Family Ruining NASCAR

One billionaire family is killing NASCAR. The France family owns the entire sport. They’re making hundreds of millions of dollars a year, while teams are struggling to break even. If nothing changes, teams will collectively lose more than $200M over the next five years.
-----
More Perfect Union’s mission is to build power for working people. Here’s what that means:
We report on the real struggles and challenges of the working class from a working-class perspective, and we attempt to connect those problems to potential solutions.
We report on the abuses and wrongdoing of corporate power, and we seek to hold accountable the ultra-rich who have too much power over America’s political and economic systems.
We're an independent, nonprofit newsroom. To support our work:
- Help fund our reporting: secure.actblue.com/donate/mpu...
- Substack: substack.perfectunion.us/
- TikTok: / moreperfectunion
- Twitter: / moreperfectus
- Facebook: / moreperfunion
- Instagram: / perfectunion
- Threads: www.threads.net/@perfectunion
- Website: www.perfectunion.us

[@adrianr87]

If there isn't a billionaire owner squeezing their client base for every penny while simultaneously making the experience worse it isn't American.

[@sociopathicnarcissist8810]

And McKinsey or Bain or BCG are probably the consultancy behind them.

[@adam6072]

Billionaires shouldn't exist.

[@sociopathicnarcissist8810]

@@adam6072 Except for Warren Buffet who has donated 57 Billion so far to charity, with more promised.

[@adam6072]

@@sociopathicnarcissist8810 There are always exceptions to the rule. But, suppose the government taxed all wealth above a certain amount. That revenue could go to programs which grow the economy resulting in more prosperity than Buffett will create with his donations.

[@Ryan-The-Grifter]

​@@sociopathicnarcissist8810That's nice and all, but I'd rather he pay it in taxes, where everyone gets a say in where it goes. Instead it goes to charities that will do what he wants them to do with it. Much of the money he's donated has been to the Bill and Melinda Gates foundation which isn't always using their donations for purely good causes. The foundation has done a lot of work to undermine public education. It's also used it's clout and the threat of withdrawing support to convince countries in the global south to respect US patents at a time when they need medications they can't afford to buy from big pharma. BG has much of his wealth in tech stocks, which are bouyed by the internation patent system, and that's not a coincidence. Buffet has also given a lot to foundations run by his children, who are likely to use that money to support things that benefit the family. Just like BG, Buffet donates stock not money. He will get a big tax deduction, avoid capital gains and stock dilution this way. Plus he gets a bunch of free press and people in YT comments saying he's a good billionaire. There's no such thing as a good billionaire. Nobody normal keeps trying to accumulate money after they have enough to provide absolutely decadent luxury for them and their next 10 generations.

[@dvdv8197]

Greed is not the desire for more, it's the desire for more at the expense of others.

[@nataliewood8930]

Yeah making billions for providing nothing of value to the world is kind of insane. Exactly why the stock market shouldn't exist.

[@MoneyPrinter123]

@@nataliewood8930 The stock markets provide value by giving companies a way to raise money for capital investments by selling shares. The problem with stock markets isn't that they exist, it's the perverse incentives that have put the interests of shareholders above everyone else.

[@timothyrockwell2638]

AKA: Exploitation

[@nataliewood8930]

@@timothyrockwell2638 absolutely! We the people are the product.

[@adamhustler3639]

I think it would depend on how define 'expense'. Me and fellow workers wanting a living wage at the 'expense' of a billionaire owner reducing to a millionaire owner ... is that greed? I think we'd agree on no, but we know the rich see it the opposite. To them, we're the greedy ones for wanting a living wage for our "low-skill" easily replaceable jobs.

[@mattharrison2330]

They're literally children who don't want to share

[@JackLikesTrackhouse]

Seriously they are

[@DR3ADER1]

One of them was even a druggie. All of that nonsense in the rules of NASCAR, including the Charter System, was implemented/approved by a guy who was high on drugs.

[@Bigwiggatreedude]

@@DR3ADER1 "druggie" in 2024. im not into woke or anything, but you are the opposite of woke. you are fast fucking asleep. what kinda stuff do you drink when you watch NASCAR? it wouldn't happen to have hops and alcohol in it?

[@user-mm4qv6vr5z]

I’d call it not wanting to be fair to more accurate. They’re stealing literal profits from the workers (race teams)

[@dnasty312]

The Dimmsdale Ballhogs?

[@tonysouthern3049]

NASCAR can go under! They have taken our sport away from those that can not afford to go to races and can not afford to pat to watch it on TV. The France family needs to go!

[@jabber1990]

the Xfinity series will be in CW starting in September, which is OTA and free and don't forget about the races on Prime starting next year, which has like a 100% penetration rate (if not more than that)

[@mattcardarelli]

They sent me an email to go to the Chicago race. $175 per day or some crap. No thanks. I’ve been priced out of attending races

[@jabber1990]

@mattcardarelli ...you can watch on TV for free though

[@dano2099]

⁠That’s crazy expensive 🙄

[@K4R3N]

"To make a small fortune in racing you first start with a large fortune."

[@ekardnnam897]

That's a DW quote.

[@johnobrien6052]

No, that's a Richard Childress quote.... DW quoted RC!

[@ekardnnam897]

@@johnobrien6052 Why, thank you, sir. I'm so ashamed. A lifelong fan of the 3 shoulda known that.

[@sluggotinfantryman]

Bam

[@guest6423]

Except false for top-level teams. Their fortunes grow every day.

[@rosesmith6925]

Everything is fun and games, until you let the billionaires in 🙄

[@jdcole333]

*you misspelled accountants.

[@lazarbro]

Everything was terrible in NASCAR before the Frances came in and made themselves Billionares, then more Billionares got involved and the sport got even better

[@Roadhouse1997]

​@lazarbro there was no "Before the Frances came in" Big Bill France Sr Actually built nascar, he is THE founder. He and Bill Jr were responsible for the greatness that was nascar pre 2008. The real problem with nascar and the teams was when the teams started bringing in more and more engineers and technology to get any advantage they could. In 92 Alan Kulwicki won the championship in an arguably underfunded operation with a budget on 2 million. In 98 the cost for Gordon's championship was around or above 10 million, 2008 was over 20 million and who truly knows what it costs today. But that arms race between Hms, roush, penske and gibbs has contributed more to them not turning a profit than nascar not paying enough.

[@rabid24fan71]

Yeah I guess they shouldn’t have let Michael Jordan in as a team owner, since he is worth $3.2 billion. Good point.

[@nancy.dave.williams]

I hate billionaires. They are the ones ruining the economy

[@charlieraffaniello4867]

If you ain't cheatin, you ain't tryin is supposed to be the motto for racers, not billionaires

[@stayinganonymous.3172]

Lol, they cheat the most. The system is literally built for them. Look what that disgrace DeSantis did for them.

[@LessGo7921]

I knew something was instantly wrong when Furniture Row, the best team in Nascar in 2017 and 18, suddenly announced they had to shut down immediately after 2018. I still miss them 😢

[@lazarbro]

The best team in NASCAR has shut down a few times before actually.

[@LessGo7921]

@@lazarbro back in the 70’s and 80’s, yes. But in recent years only time a high-level team before FRR was maybe MWR, but that was bcs of the Spingate cheating scandal. Most other former prowesses that shut down were already on a long decline like the Stewart part of SHR and Yates

[@jabber1990]

becasue Joe Gibbs Racing starved them out

[@thejman3489]

It's more common in motorsports than you think. Even the top teams are taking a net loss every season they run. As the saying goes: if you want to be a millionaire in auto racing, you have to start out as a billionaire.

[@LessGo7921]

@@jabber1990 precisely that. Despite being a powerhouse, they still had to rely on JGR to survive despite surpassing them

[@Valcerv]

My favorite quote to describe the France family. I think it was from junior johnson but "Mr. France attended 4th grade 4 times to get his idiot license"

[@rvegas3240]

Epic quote, if true haha 😂

[@judefernandez9234]

Actually I think that was from Smokey Yunick

[@Valcerv]

@@judefernandez9234 it might of been, I know it was from one of the drivers from before/just as the transition between old to modern era and was was a legend driver.

[@stayinganonymous.3172]

No, I'm sure teachers, along with others, were bought and paid for to bustle him along through school. The guy doesn't seem too bright.

[@Jimmy-Legs]

That idiot is a billionaire

[@jdcole333]

Nascar has been a sh*tshow for over 20 years, Dale Jr kept them afloat for a while but since then it's been a downward spiral.

[@fred-ts9pb]

Oh? the anointed one who is worth 300M. How many did he step on to create it? Sold them a bunch of worthless diecast?

[@soccerthrowback0664]

@@fred-ts9pbYou’re all over this post with you conservative views and supporting that things stay the same. lol Keep Politics out of sports though right? Lolol

[@flanneryvevo]

An agreement on revenue sharing and new leadership would solve this.

[@codyjarvis]

There are no new leadership. It’s a private company. One family runs the whole thing. Always has.

[@DianaPr1nce]

It's another Ticketmaster. That model needs to be decisively ruled as a monopoly.

[@dvdv8197]

MONEY OUT OF POLITICS SO WE CAN HAVE POLITICIANS WHO ACTUALL DO SOMETHING FOR THE 99% PLEASE!! 😤😤

[@crazykat1984]

Vote Jill Stein!

[@deelee4639]

I used to believe in this, and still do. But realized the issue is capitalism. And not selling and buying stuff type capitalism.... but the ass worship of people who have capital vs the ass kicking of labor

[@JohnnyPaycheck69]

Ain't capitalism great?!

[@kurtpittman7225]

Getting money out of politics is a very common sentiment but the problem is that the conservative courts believe that having guardrails to regulate donations and gifts are a form of government restriction and overreach. Rulings like Citizens United and Snyder v. United States only serve to open the door wider for the free flow of money to politicians. The problem is only getting worse.

[@fred-ts9pb]

@@kurtpittman7225 Conservative courts believe in the constitution while liberal courts believe in legislating from the bench.

[@arnarninson4413]

Another industry where the people doing the work and taking the risks make nothing while the laziest rake in all the profits.

[@fred-ts9pb]

They can get a job at MCD's. I don't remember anyone twisting their arms?

[@drgnner6028]

They're not lazy. They go to meetings.

[@stayinganonymous.3172]

​@fred-ts9pb what a riveting sentiment.

[@discgolflife]

Boycott, plain and simple. No cars show up, no revenue. It's called hardball for collective bargaining rights...

[@Unova39]

They tried that at the 1969 Talladega 500. There was an organization called the Professional Driver's Association (a union in everything but name) that boycotted the race due to unsafe tire conditions. Bill France Sr. ignored them, invited all of the drivers who competed in a smaller race at the track to compete in the main event (in their small, slower cars), and ran the race anyway. The PDA collapsed shortly after and there's never been an attempt by drivers to unionize in NASCAR since.

[@craigstephenson7676]

that would spit the series and it would lose most of its money for everybody. Same thing happened with Indycar with the CART/IRL split.

[@gregorygolden1296]

I agree. Big Bill and his son would flip if they saw what the "Family" has done to their NASCAR. With the lame ass cars the drivers have to drive, there is no more "innovation" allowed. It just goes on and on. One day NASCAR will be a thing of the past and will be because of greed.

[@karendarrenmclaren]

And go bust?😂😂 nah I don't think so.

[@markspencer3680]

The new cars were supposed to save money but they are more expensive than they thought. They have to pay outside vendors to build parts then ship the parts to the teams and so on and so forth. My only question is why did they switch to charters? Why can’t they look at other racing sports and find out works and what doesn’t. I know makes to much sense.

[@paulanderson9650]

I learned all I need to know about the France family from Smokey Yunick.

[@fred-ts9pb]

The biggest cheater of them all. Sounds like the billionaire's vilified here.

[@Snarf_Le_Wombat]

It's only cheating if you get caught, now that's racing ​@@fred-ts9pb

[@noellemly]

i mean this in a very nice way, 23XI is read aloud “twenty three eleven”

[@dcpsujag]

Younger generations can't even read Roman numerals..........

[@lazarbro]

​@@dcpsujagits not that hes young. He just doesnt know anything about the sport.

[@JoeRogansForehead]

lol why did you have to qualify it with I mean this in a nice way

[@longshank59]

God how I'm hating Billionaires. more and more.

[@ohiasdxfcghbljokasdjhnfvaw4ehr]

finally people are starting to see who the real enemies of the people are

[@headshot959]

Let keep this momentum going.​@@ohiasdxfcghbljokasdjhnfvaw4ehr

[@headshot959]

@@WonTooForAte9 Seeing what most of those people are like. I really don’t.

[@headshot959]

@@WonTooForAte9 You do that, pay your fair share of taxes and maybe regularly give to charities or mutual aids and you will be one of those rare breeds where wealth doesn’t taint you🙂

[@juqual78]

Good let the hate flow through you

[@jeffdavis8811]

Now we know why Tony Stewarts team is leaving the sport.

[@darrelladams4188]

Tony is leaving but Gene Haas is planning on keeping a Charter ( ? )., and the 2 car Xfinity team. Mostly they will stay with Ford.

[@RobertSaget-iv4wv]

I'd hope that the racers could pool their own money and start their own races.

[@chrismathewsjr]

i figured it was because Tony Stewart's conscience is catching up to him. the whispers at the track are deafening

[@tbear68-]

Faak Stewart in all his endeavors. I saw what happened, I do not forget, and I am not alone.

[@markbradley2407]

You are definitely alone!!!

[@scottlindquist8417]

When they started monkeying with the points, breaking the race into “parts”, they lost me and I haven’t returned. That was around 10 years ago.🤨🤨

[@helpful5539]

You made a good move. I don't know exactly when it was mostly over but that is all real valid reasons. And along with my big one, no more actual racing action, but skid pad runs. It is all pathetic.

[@jabber1990]

well I know that's a lie, one of those occurred less than 10 years ago...something you wouldn't know about if you haven't followed in 10 years...and isn't even close to accurate

[@oldred9122]

I'm right there with you. I started watching IndyCar instead, and it's so much better

[@jabber1990]

@@oldred9122 well thank God IndyCar isn't ran by a Billionaire!

[@oldred9122]

@@jabber1990 Yeah... About that...

[@Yourmission9]

Breaking - Billionaire squeezes more and more money out of nascar with no concern for others, oblivious spectators chant “lets go Brandon”

[@jabber1990]

that is NOT what those fans were saying don't let NBC lie to you

[@f1champ551]

There is a reason why this year's Indy 500 didn't allow political branding(true or not of said chant).

[@jabber1990]

@f1champ551 that's Indycar though,

[@f1champ551]

@@jabber1990 true, but chant or not, Indycar or not, that was needed. And for this year's Indy 500, it worked out in ratings and views even with KZbin. But yeah, that was a need this year.

[@paulzammataro7185]

EX-FKNG-ACTLY!!! But that's just what "they" told us the chant was.

[@Drunken_Hamster]

They should 1000% drag up and make their own league. Like, not even show up to the biggest event of the year level, no call, no show, just be gone. Or better yet, show up and act like everything's normal, then when the green drops they run at pace speed all the way around and stop right before the starting line only to shut the cars off, get out, and walk off the track. I'd respect the hell outta that.

[@danieljames4584]

wont work the billionaires will just screw them into the dirt, big loss, except for them

[@Drunken_Hamster]

@@danieljames4584 Yee of little hope or faith. If gamers can win against Valve, Blizzard, and others, if actors and writers can win against Hollywood, if unions can win against UPS and FedEx, and if Americans in general can make multiple wins against the ATF, then we can SURE as shit make NASCAR grassroots again.

[@needsmetal]

F1 already did that, only thing gthat changed was they quit racing in the US for 10 years

[@billdouglas6561]

@@needsmetal well then there is not very much nascar outside the US is there ??

[@jabber1990]

and how did that work out for Tony Stewart?

[@elijahjp2158]

As a NASCAR fan, I can't tell you how irritating the France family is. We have a complicated playoff system, which is completely unheard of in motorsports, and Brian France was the one to introduce it, much to the complaining of many older NASCAR fans. They can just introduce gimmicks at will and it is hella annoying. I hope the teams get a better chunk of the revenue.

[@bobclarke5913]

It CHASED me away from watching. Still have stacks of VHS tapes from the 90s when I wouldn't miss a race, now I watch part of a race or two a year - not bothering to tune in until the race starts AKA 3rd Stage.

[@StalinsPurge]

Killing nascar and buying up all the tracks to remove Indycar from the racing conversation. France family is corrupt as all hell and it should be teams who own the series

[@patriot9487]

NASCAR and Indy are not the same organization

[@StalinsPurge]

@@patriot9487 no shit clearly you didn’t read the comment

[@kpw84u2]

You cannot become a billionaire without being a sociopath. 🤷🏽‍♂️

[@rabid24fan71]

Good to know that Michael Jordan is a sociopath according to you, because he is worth $3.2 billion. Fantastic reasoning you have there.

[@curtiswalter86]

Fact

[@johnhill7058]

or a Comunist -Socialist.

[@kpw84u2]

@@johnhill7058 thanks for letting us know that something about you... 🤣🤣🤣

[@yipperskipper]

Oy Vey!

[@briantaylor9285]

IndyCar: "Hmmm...where have I seen this before...?" 🧐☕

[@voyagetravel1840]

Nascar is literally a scaled down version of whats going on in America as a whole

[@dogsthatgozippy]

Sad business in America are going to this platform.

[@danielmunoz9694]

I just see rich people ripping off other rich people. more entertaining than Nascar IMO

[@danieljames4584]

😆

[@EvilWeiRamirez]

It's incredible that billionaires are alienating owners, effectively the feudal lords. These aren't the 99%. There is no limit to billionaire greed.

[@gapsule2326]

Billionaires arent even the 1%... Theyre in digits that usually get rounded to 0

[@BeastOfMetal1989]

Several of the owners are also billionaires, and those are the ones who are front and center in the Race Team Alliance. They want the Charter System in place to lock out smaller owners and protect their own slice of the pie. Most, maybe all,[*]of the organizations that have been forced out in the last few years are these smaller owners. NASCAR could achieve monetary balance without selling guaranteed starting spots to organizations that haven't missed a race in three to four decades and have consistently leveraged their own economic advantages to the detriment of smaller competitors. The only reason they don't go this route is because they're too afraid of causing the kind of destruction wrought in open wheel by rival sanctions going to war with each other. [*Stewart-Haas Racing announced its dissolution in the last few weeks. The Haas part of that equation is industrialist billionaire Gene Haas, who also owns a Formula One team. However, Haas himself is not leaving NASCAR entirely - he elected to retain a single charter while selling the other three and buying out the other namesake - three-time Cup Series Champion Tony Stewart.]

[@DJDouglasWarden]

Many of the owners are billionaires themselves

[@rabid24fan71]

Team owner Michael Jordan is worth $3.2 billion. Team owner Rick Hendrick is worth $1 billion. Richard Childress is worth $250 million. Team owner Gene Haas is worth $250 million. All of these people are rich. Don’t get it twisted fool.

[@EvilWeiRamirez]

@@rabid24fan71 lol ... Billionaires complaining about billionaire greed

[@joestephan1111]

NASCAR has always been "We're gonna play football and just remember its our ball.😮"

[@michaelvcelentano]

Interesting story idea: Stony Brook University in NY just received the largest single donation to a university in history. When the student unions on campus approached upper administration about how the money would be used, they were told it wasn’t their concern. Now, we find that certain liberal arts departments, like the music department (my grad department), fine arts, and theater will see none of this money. They are also refusing to reduce or eliminate the ridiculous parking prices students must pay to commute, and aren’t assisting students who need health insurance. If I remember correctly, the money is exclusively going into STEM programs. It also doesn’t help that our university present was only on the job for two years before jumping ship to an Ivy League. There just seems to be a lot of obfuscation going on and no care for the students, only the university’s profits

[@ham1009]

Do you know that there's a way to fix this? Stop watching NASCAR stop supporting the advertisers. Take your family and go to your local short track, support them and your local racers. Eventually NASCAR will squeal like a pig. But as long as fans tune in and watch races, what's the billionaires will get richer and you will still complain. The choice is yours

[@mikehomner4724]

The rich get richer and the poor get poorer... How about doing a piece about the Supreme Court making homelessness a crime.

[@ryoannazuk949]

I was thinking about that, how homeless people are being scapegoated and no one looking at the root of the problem, how the working class is being squeezed into oblivion and small businesses cannot exist anymore due to billionaire and corporate greed.

[@nerdcast5]

Hell yeah, so happy someone is speaking out about this. Has been just diehard fans involved on this topic for too long

[@SteveKerr-ob5bi]

I’ve been a NASCAR fan since 1962 (I was 10) since Fireball Roberts won the Daytona 500 and I can honestly say that I am truly surprised that they (NASCAR) have survived this long. Charters reduced the playing field from 43 to 40 cars/teams in 2016 and now because charters only guarantee 36 teams a starting spot, sponsors rarely attach themselves to non-charter teams making new start-ups nearly impossible but going backwards to the days when you teams MUST qualify to race would once again give every team an equal opportunity to not only qualify for every sanctioned event but it would open doors to long term sponsorships that obviously pay the bills and open doors for smaller teams to race (remember the Start and Park teams). Just my 2¢

[@stoonookw]

Why would anyone want to drive NASCAR if they lose money

[@JackLikesTrackhouse]

Mostly because they love the sport

[@willieverusethis]

Fame.

[@stoonookw]

@@JackLikesTrackhouse and if you have money to spare I guess

[@danieljames4584]

beats having to work for a living

[@GrandpaShark]

Hint... They aren't!

[@haroldoftherock8973]

I stopped watching Nascar in about 2017. There were only a handful of teams who ever had a chance of winning a race week to week. Smaller teams were getting crowded out. Nascar started implementing very arbitrary rules that benefited certain driver's racing styles. It basically had started to become like formula 1, where the team with the most money won. This video explains the behind the scenes erosion of the sport and why I lost interest in it.

[@Noman1010-nh6uh]

And that's why f1 is soo popular

[@Maverick146]

Next Gen cars make it so every car on the field is the same. you should tune into Chicago this weekend brother

[@nancy.dave.williams]

NASCAR is terrible to watch. The commercials get more time than the race. The France family needs to be taken down a billion dollars

[@nikhook9430]

As someone who has tickets for the Daytona 500 I’m worried. Splits are never good for auto racing look at the IRL/Cart split. However honestly if NASCAR killed itself by greed then good riddance. I absolutely love NASCAR as a sport and have willingly tolerated so much crap as NASCAR seeks to be the WWE of auto racing. But if the Frances really kill the sport then good riddance I will not miss stage racing, playoffs or extending races.

[@sairuhtonin]

"WWE of auto racing" is a perfect descriptor.

[@JackLikesTrackhouse]

NASCAR isn’t gonna split. It’s in no way feasible and no one would win. Some people involved in the sport were around when that happened. SlapShoes made a very good video a couple years back explaining why a split will probably never happen

[@rvegas3240]

Don’t be worried. NASCAR owners and teams are not brain dead. They will solve this issue. 💯

[@nikhook9430]

@@rvegas3240 ummmmmm? Have you been watching NASCAR since 2014? The owners are quite brain dead

[@barbarahering484]

Any sport that can be bet on can be used.

[@fred-ts9pb]

Take betting away and many that post on this board would be mad. Only betting I do is with stocks.

[@jabber1990]

@@fred-ts9pb what I find funny about sports betting, the moment it became legal (and one of the lobbying groups was somebody close to NASCAR) people openly admitted it was their entire personality....which is funny to me

[@deathtrooper2048]

Less tax revenue isn't costing us anything, taxation is theft.

[@ronbelanger4113]

The stands being mostly empty speaks volumes.

[@philzail2532]

Well the drivers make money, so we're only talking team owners. A few team owners are billionaires also, Hendrick, Penske and Jordan come to mind.

[@Sunset4Semaphores]

*Great... another billionaire shorting something into the dirt.*

[@lazarbro]

Its funny because hes a billionare because his anti union father build somwthing up from the dirt.

[@mmiller8742]

​@@lazarbro is ur name France too?

[@user-hy3nu7vm7v]

Billionaires ruiining yet another business. When will Americans wake up.

[@malcolmcapps8816]

It's all pro sports

[@gregorygolden1296]

Sadly they won't.

[@BeastOfMetal1989]

Just an FYI, the Charters can't just be stripped "at any time" - the performance clause of the system mandates that a team has to finish in the bottom three of owner points for three straight years before NASCAR has the option of stripping a Charter. Only one Charter has ever fallen into this scenario - the one attached to the No. 51 of Rick Ware Racing. It officially reached that scenario at the end of the 2023 Season. It remains in Rick Ware's possession as of 2024. NASCAR let them keep it because they claimed the team was showing "legitimate steps towards becoming a competitive Cup Series organization" - by signing a driver away from another team. The real reason they let Ware keep that Charter had nothing to do with this - NASCAR and the RTA want the Charter valuations to remain as high as humanly possible (one sold for US$40M at the end of 2023), and stripping a Charter with no compensation would pop the bubble they're in instantly.

[@Dexter037S4]

A split ain't happening. Look what happened to IndyCar, it basically died, three seperate times.

[@vinrock3918]

Typical abuse and corruption of capitalism. This happens to everyone that actually works for corporations.

[@dangelo1369]

In capitalism, it’s a feature, not a bug.

[@literallyfiguratively]

I hate to break it to you but Rick Hendrick is also a billionaire. The reason his team "hasn't made money in 10 years" is because they don't need to. He makes money from selling cars, anything the team makes just gets re-invested back into it.

[@fred-ts9pb]

Don't tell them this. Oh well hope larson wins the championship this year will even with all the hendrick billionaire fans here. Go buy your cars from him as many will continue to do.

[@JRotten]

​@fred-ts9pb That's why I buy my cars and trucks from a dealership that has just the dealership. Mom an pop shopping. But when you have an issue.... the owners office is right in the show room floor.

[@dvdv8197]

Billionaires shouldn't exist. Any property above 1 billion should be taxed at an EXTREMELY high rate. Watch them pay their workers more fairly if that happens.

[@07Flash11MRC]

Everything beyond a billion needs to be taxed 100%. They won the game and they can get a medal. The rest of us still need to work a job just so we can afford basic needs.

[@crazykat1984]

@@07Flash11MRCor three jobs 😅

[@baileykeller288]

In the 1900s it was around 90% at the top of the tax bracket. Every republican president for the past 50 years has cut those taxes.

[@jennieshepherd5845]

​@@baileykeller288I hear your point, but not EVERY president cut taxes for billionaires.

[@SolidOrange85]

@@07Flash11MRC More like 100 Million

[@dangelo1369]

Sounds like the record business model.

[@vickiemanthei47]

Racing isn’t what it used to be……I have been a fan for 51 years worked for lefthander chassis.

[@rvegas3240]

It still is just as good as ever. Went to the “Night of Fire” at the LVMS Bullring last night. So awesome!!

[@needsLITHIUM]

Also, the IRONY that NASCAR donates to Liberty University and then they go and advertise on the hood of William Byron's car.

[@pronoun171]

It’s always the children of Billionaires that destroy the thing that was handed to them and they didn’t earn

[@missymason9192]

There's a name for this, monopoly. Where's the SEC??????

[@mattharrison2330]

Also the most "America Fuck Ya" sport ever is run by the 'France' family? France?!

[@JackLikesTrackhouse]

Irony at its finest

[@matt45540]

How much cheaper was it to license Talladega nights versus real NASCAR 😜

[@stevemillerdfw]

I was a season ticket holder at Texas Motor Speedway in the early 2000’s. It was packed. As soon as they changed the points system it got less crowded. Now TMS is in pretty bad shape. The road around it is terribly maintained. The whole property is looking like a salvage yard. These track owners/ and Nascar have ruined the sport. They can’t even fill up the front grandstand at TMS and they deserve it. I see nothing but things to continue to go downhill for Nascar when it comes to the teams, drivers and fans.

[@RW-bt6ex]

I use to like NASCAR .Been a fan when Dale Sr. started with the Wrangler #3 ... Money is the Root to all evil .

[@bigbadhag]

Original Wrangler was #2

[@bigbadhag]

I'm with you tho, Nascar used to be cool!

[@Cousinbilly118]

Millionaires fighting with billionaires. Yawn

[@teslawizardvvv3]

NASCAR and More Prefect Union what a time to be alive

[@lazarbro]

I know it sucks

[@anthonymeade7345]

"More Prefect Union" sounds like it belongs in Japan.

[@oldred9122]

Teams splitting off from the sanctioning body to start their own racing series. Where have I heard this one before?

[@jasonalexander1230]

Love this channel, thank you for all the great work

[@davewhittles]

cant believe they have to pay for the tyres they should be getting 25 million per car and driver not 5.6m

[@murraymadness4674]

With Nascar owning most of the tracks, it will be difficult to create an alternative organization. But they don't own them all. Nascar will cave, it would be so awesome if the teams just "went on strike" and stopped racing, Nascar is nothing without the teams racing, let them learn.

[@TallapoosaHellraiser.]

You hear this guy say 23xi? He must have been absent the day Roman numerals were taught in class.

[@POP7QWIZ]

Just a note for the editor. The team, that Michael Jordan's team, 23XI is called Twenty Three Eleven. Not 23 X I

[@shaunt7301]

Same thing happened to the Indycar series back in the day that split into two and ruined that sport.

[@cdmit27]

The racing was ok in both leagues the only thing bad about it was ABC and ESPN's terrible broadcasts

[@ElliottNest39]

How are France’s political donations relevant?

[@barrynelson634]

Hendrick is not turning a profit????? That's not how they would stay in business. How stupid do they think we are???? Somewhere, somehow, they are making millions. No big business would EVER keep doing what they're doing if they didn't make BIG money. Jeff Gordon can go do himself!

[@charlesdeclue3752]

I've been a Nascar fan for over 50 years and if the drivers decide to start their own League I'm going to follow them because I don't like what I see in racing anymore

[@__-vb3ht]

Why does NASCAR of all sport leagues have a problem with turning left?

[@rvegas3240]

Don’t be ignorant…

[@Dexter037S4]

It tried in the 60s, it was union-busted.

[@the_gp9_802]

my brother in Christ, 2/3 of the tracks they race at make them turn left

[@__-vb3ht]

@@the_gp9_802 Yes, that's why one would think it comes natural to them

[@kdavidsmith1]

I'm surprised that the tracks aren't fully funded by tax payer money. If it is it wasn't covered here.

[@jabber1990]

with the exception of Chicago no tracks are funded by tax money (unless we count Portland, which I don't) one track was bailed out by Tax money though

[@kdavidsmith1]

@@jabber1990 I'm surprised that NASCAR hasn't jumped on that boondoggle bandwagon yet.

[@cdmit27]

How do you think North Wilkesboro got restored?

[@jabber1990]

@cdmit27 Bailed out with CARES money Since it's privately owned I've kept my mouth shut about sports teams getting $1B stadiums built for free ever since

[@rallyfan1992]

They also run IMSA which is the North American series that runs races like the Daytona 24hr

[@madmachanicest9955]

So effectively NASCAR gets 75% of the income when you account for track funds

[@hughjaass3787]

As if I needed another reason to despise Florida Governor Ronnie DeShithead........

[@LlyleHunter]

You mean DeathSatin

[@HandyMan657]

The floridiots love'em tho.

[@El_Peto]

Go hang out with some blue haired pronoun ft

[@MrJaron93]

It's tough to be a leftist nascar fan. 😞

[@DreamingMuse13]

Harder to fool.

[@rvegas3240]

Remove ‘leftist’ It’s tough to be a nascar fan. But here we are. Long live racing 🏁 They can’t put it in you and they can’t take it out of you.

[@chrismathewsjr]

preach. it will be kinda funny though when 2045 Nascar is two billionaire teans with 18 cars each and everything is consolidated more than you could possibly imagine

[@SantinoCrockett]

Peak Nascar was 2000. It's been downhill since the chase began.

[@ApexPro-Chris]

The France family has ruined nascar because of their greed. Charters are stupid. The next gen car is stupid. The flat bottom of the car, the rear defuser, the sequential shifting the rear toe links all are just stupid. I have to use stupid because I can’t use other 4 letter words.

[@dvdv8197]

Sounds like Nascar needs a CBA...

[@dcpsujag]

But NASCAR doesn't want anything that resemble a union also they don't want it to be like the NBA/NFL where the owners and players run the show. Unfortunately for NASCAR the NBA/NFL may just be the cheaper and most profitable model for them. F1 will probably start to price themselves out as well.

[@ahogg5960]

​@@dcpsujag Will probably start? They already did. That's why there's (finally after years of whining from teams) a cost cap in place and better revenue sharing. But of course, all that sounds too much like communism for the France family to entertain. Fucking ghouls.

[@user-li4kc9kq6w]

😂😂😂😂😂😂😂

[@doejersey]

I hope they just make a league of their own honestly. Keeping the charters is going to ruin the sport long term imo. NASCAR has always been a sport where independent teams have a seat at the table. Charters make it impossible for an independent team to exist at all for exactly the reasons you said. I don’t think any team should get a pass just because they’re popular. Everyone should have to qualify. Go back to the dirt track heat system.

[@jabber1990]

and how did that work out for Tony Stewart?

[@GrandpaShark]

I think you are arguing the exact opposite of what they were hoping for.

[@davidklopotoski714]

NASCAR has all the best tracks and it would suck to see racing disappear from Daytona, Talladega, Darlington, etc. But I definitely don't think the bulk of the money should be flowing to the France family rather than the people actually putting their lives on the line. Maybe it's time for Speedway Motorsports to finally create their rival stock car series like they've threatened over the years. I'm betting the teams won't mind having 10 races at Charlotte, and they certainly won't miss the repair bills that come from "plate" racing.

[@katkilr7685]

NASCAR is destroying NASCAR.

[@xXSTUART30Xx]

Wouldn't it be funny if the FIA stepped in and gave a reasonable stock car oval/road course formula proposal for the splinter teams and it took off? I think it would be hilarious.

[@Dexter037S4]

Funded by Saudi Money? That's just as bad.

[@WastelandBowman]

More Perfect Union dipping into one of my favorite sports is awesome. Eat the France family

[@rvegas3240]

Are you high? MPU could give a rip about racing. They’re just looking for clicks and views.

[@smokeybandit9760]

@@rvegas3240 Exactly, most of what they said is factually wrong or taken without any context because MPU doesn't know what they're talking about

[@JCBeckner]

​@@smokeybandit9760 Doesn't know the actual name of 23XI and called the Daytona 500 a track. Can't get those basic things correct, but I'm sure everything else is fine. /s

[@smokeybandit9760]

@@JCBeckner Plus they paint it as NASCAR introducing the charters when it was the literally the teams' idea from the get go, and now NASCAR'S the bad guy because they don't want charters anymore when they never even wanted them in the first place? So stupid

[@zbot2123]

The issue with NASCAR going Indy of the France family is that all the famous tracks that draw viewers (Daytona, Talladega, Texas) are also owned by the France family. They likely wouldn't let any "independent" league race at their tracks.

[@abnrgr7569]

France Family needs to be forced to sell NASCAR They have screwed the Sport.

[@starvalkyrie]

It cost $18M a year to field a car? Yeah man I think it's time to let it go. I know racing is expensive but that's psychotic.

[@davids5006]

Competition

[@user-rx7ns4re9u]

This new generation car is not saving the team's money like they said it would

[@VernLeRoy1962]

I started watching Wiston Cup in 1970, I stopped watching NASCAR 5 years ago! To me NASCAR started going down hill in 2012/13. Nascar has got away from it's Roots & has became a Corperation, Now it's all about Money, I won't help Nascar make money anymore.

[@bigbadhag]

I gave it up along with football, they are all now pussified whiners! I liked the Skoal Bandit, Harry Gant!

[@berke2336]

It's always the kids and grandkids of the founder that mess a company up...

[@ZontarDow]

I can't think of how little whoever wrote this video knows about NASCAR for the segment on the France family's political donations to be brought up as if it would somehow make NASCAR fans see them worst. If anything it'll only be seen as their one positive.

[@douglasboyle6544]

I'm sorry, am I supposed to have sympathy for team owners like Michael Jordan and Ricky Hendrick? They're still billionaires.

[@factsmatter4030]

Rules for the and not for me always seems to be the culprit 🤔 Stop the insanity and injustices in ALL catagories and LEVELS

[@twotrackjack2260]

*Thee

[@fred-ts9pb]

You speaking about the government?

[@twotrackjack2260]

@fred-ts9pb No, he's talking about Billionaires and the companies they run always getting handouts in the way of corporate welfare at the expense of actual tax payers

[@dclong-]

Take your cars and start a new racing venue.

[@randyharbaugh7819]

Why not mention the excess spending by the car owners, that may be a reason why they can't turn profits, how many cars and engines does a team really need. Multiple engineers per car, flying teams around on private airplanes, large numbers of staff, the ever ongoing building of new team shops. The charter system is not keeping the little guys out, in most years teams fight for a starting spots just once a year, the Daytona 500 and that may be 6 cars for 4 spots with several of those being the mega team adding a car. Last weekends race in Nashville had 38 entries, nobody went home, no sponsor was shortchanged by having their car sent home. Operating a track isn't cheap, they need to be maintained, yearly profits need to be put into escrow for future repairs and possible improvements, insurance costs are enormous, for most tracks the NASCAR race pays the bills for the rest of the year NASCAR had to get involved in politics to get approval for the Chicago race, not exactly a republican stronghold. I'm not defending NASCAR and the France family but to try and put all the blame on them is an incomplete story.

[@fred-ts9pb]

As many as it takes to win. That is the reason they are out there I thought.

[@bmcshane80]

For those unaware, NASCAR was started by Bill France Sr and the family built it from nothing in the 50's to what it is today,

[@user-ly2up6zx9j]

Yeah, and Smokey Yunick has been telling everbody that would listen that Bill France was a cocksucker since the very beginning

[@draneym2003]

Oh well, this is what red staters asked for. No rules capitalism. Enjoy watching your sport circle the drain.

[@fkrkf]

Yeah it's not like gerrymandering is a thing

[@RW-bt6ex]

What about the blue staters Big Tech . No rules capitalism . Silicon Valley for one .

[@somethinburnin]

USAC use to have a stock car division. Let us not forget the unionizing controversy and the first Talledega race. How Bill Sr dealt with it.

[@raythesalesagent2091]

If I close my eyes, I hear TJ Miller narrating this video.😂