CHARLOTTE, N.C. – Seven-time NASCAR Sprint Cup Series champion and current team owner Richard Petty called Tuesday’s announcement of a new charter agreement between the sanctioning body and Sprint Cup team owners “the second-most important thing that’s ever happened in NASCAR.”
Second, that is, to NASCAR’s founding meeting at the Streamline Hotel in Daytona Beach in December 1947.
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Roush Fenway Racing president Steve Newmark characterized it as “a complete paradigm shift in how we operate.”
NASCAR chairman and CEO Brian France introduced the new charter system as “a model that fits the 21st century and I think will serve us well into the future.