Insider weighs the financial impact of NASCAR win vs. 23XI, FRM

NASCAR earned a big court victory over 23XI Racing and Front Motorsports (FRM) as their charter battle continues. That could have a major financial impact on how the organizations operate moving forward.

FOX’s Bob Pockrass explained just how much NASCAR’s latest court victory could impact 23XI and FRM. during the latest episode of Kevin Harvick’s Happy Hour. While it might not change everything at every track, the biggest race of the season could be a bit rough for the two teams in the Daytona 500.

“Denny Hamlin told us, for a three-car team, you’re talking tens of millions of dollars,” Pockrass explained. “From what I can tell, depending on your sponsorship, it impacts your overall revenues as a race team by 30-50 percent. But the big thing is, is that you have to race your way in every week.

“That might not be a big deal every week, but it’s a pretty big deal when it comes to the Daytona 500. And you’re trying to race your way in.”

All told, one of 23XI or FRM’s cars could feasibly miss the Daytona 500 after NASCAR’s latest court victory, if nothing changes between now and February. However, there’s still plenty to be sorted out through the courts, so who knows where we’ll stand when the time comes. It’s certainly something to keep an eye on.

More on 23XI Racing, NASCAR

Meanwhile, Bob Pockrass continued to share some interesting news concerning the NASCAR vs. 23XI Racing and Front Row Motorsports (FRM) case. Later on Kevin Harvick’s Happy Hour, he detailed how the other NASCAR teams could get involved when the case goes to trial later this year.

“The district court judge, the judge who would preside over the trial, has based both 23XI, Front Row and NASCAR to explain to him why the parties shouldn’t be parties in this case,” Pockrass said. “All the decisions in this could heavily impact the race teams. Now, the Race Team Alliance has put in the court filings that the teams do not want to be part of this. They don’t feel they should be part of it, partly because the charter agreement requires that if there’s a dispute, they go to arbitration and not be in the legal system.

“The other big thing is that NASCAR is subpoenaing the teams for some financial information so that they can have that info at trial, and the teams certainly don’t want to open up their finances to NASCAR. And I would think that if NASCAR goes to court to compel the teams to give them that information, that could push them a little more over to the 23XI and the Front Row side.”

As you can tell, there’s a lot on 23XI’s plate at the moment. Perhaps it’s been bleeding into their performance. Winning cures everything, though. They need a trip to Victory Lane sooner rather than later.

— On3’s Brian Jones contributed to this article.