Federal Judge Orders 12 NASCAR Teams to Disclose 11 Years Financial Data

U.S. District Judge Kenneth D. Bell ordered twelve NASCAR teams to provide 11 years of anonymized financial data, including total revenue, costs, and net profits or losses, to NASCAR as part of an antitrust lawsuit involving 23XI Racing and Front Row Motorsports. The judge limited the scope of disclosure to protect the teams' sensitive information and competitive interests, rejecting NASCAR's broader request for detailed financial records such as salaries and sponsorship specifics. The teams and NASCAR must jointly select an independent accounting firm to handle the confidential financial data, with the work paid for by NASCAR. This order aims to help NASCAR evaluate revenue sharing and charter agreements, which 23XI and Front Row contest as monopolistic and unfair, having refused to sign new charter agreements last September. The 12 teams compelled to provide data are not parties to the lawsuit but possess relevant evidence, while only Kaulig Racing among those who signed has submitted financial documents so far. The case highlights ongoing tensions over NASCAR's economic model and the sport's financial viability for competing teams.