The transfer of a charter from Stewart-Haas Racing to 23XI Racing can now go through after two opposing parties have reached a partial agreement.
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According to Court documents, NASCAR and 23XI Racing have agreed to stipulate an injunction focusing on the charter transfer. Essentially, NASCAR agreed to an injunction that would allow the charter transfer to proceed. 23XI Racing then agreed that it would not use this against NASCAR when the sanctioning body and CEO Jim France appeal the preliminary injunction ruling.
Of course, the agreement required the consent of the Court, which Judge Kenneth D. Bell granted on Dec. 24.
What was the reasoning behind this? It speeds up the process. NASCAR would have had to wait for 23XI Racing to ask for an injunction regarding the charter transfer. The expectation was that the judge would grant this injunction request as he did for Front Row Motorsports.
With the two sides reaching an agreement on the charter transfer, NASCAR can focus on presenting its case to the United States Court of Appeals. The expectation is that NASCAR will appeal the ruling that it could not delay the approval of the charter transfers from Stewart-Haas Racing.
This charter transfer is significant for 23XI Racing considering that the team will expand to three full-time cars for the 2024 season. Bubba Wallace will return to the No. 23 while Tyler Reddick will return to the No. 45 after reaching the Championship 4 last season.
Riley Herbst will move to the Cup Series full-time as he joins 23XI Racing. He will drive the No. 35 Toyota Camry XSE with Monster Energy as his primary partner for his rookie season.
All three cars will have charters in 2025, pending NASCAR's appeal. This will guarantee entry into every race on the schedule as 23XI Racing and Front Row Motorsports move forward with their lawsuit against NASCAR and France.
