🏎 Deal or No Deal

Steve O'Donnell insists that NASCAR and team owners are close to a charter agreement

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Deal or No Deal

NASCAR and team owners are on the brink of renewing their charter agreement, potentially marking a major shift in how the sport operates, according to NASCAR COO Steve O'Donnell. Speaking at the CAA World Congress of Sports, O'Donnell teased, “We’re very close," highlighting ongoing negotiations that could extend the charter system through 2031.

📈 The stakes are high, as charters have soared in value since their inception, and many team owners see this as a chance to secure long-lasting enterprise value. "Everyone wants to sit down and argue over who's going to split the money the right way, but ultimately we'll get to a good place,” O'Donnell explained.

🔄 The shift from traditional ownership to a more inclusive model with new personalities and businesses is seen as a "big opportunity" for NASCAR. "I think at the end of the day, we've talked about everybody will be a little ticked off once we get to the deal, but that'll mean it's the right way to go," added O'Donnell.

Despite the optimism, some team insiders remain skeptical, noting significant unresolved issues and upcoming meetings that could prove pivotal and time is not on their side.

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