NASCAR’s Cup Series teams say the current economic model in American stock car racing needs to be changed and that teams and NASCAR are far apart on how revenue should be split.
23XI Racing’s Curtis Polk even went so far as to say the economic model in NASCAR is “broken.” The teams that form the Race Team Alliance spoke on Friday in Charlotte and said they want a greater share of television revenue to help their bottom lines. Teams say that they receive less than 10% of NASCAR’s total revenue.
“The economic model is really broken for the teams,” said Curtis Polk, who as Michael Jordan's longtime business manager now holds an ownership stake in both the Charlotte Hornets and the two-car 23XI Racing team Jordan and Denny Hamlin field in NASCAR.