Jennings, owner of Front Row Motors and NASCAR VP Scott Success, head of the Sports Charter System, were among the operators of the Sports Charter System.
Charlotte, N.C.- MICHAO JORRDAN and Denny HamCi look for underground nascar.
But her co-plaintiff, Bob Jenkins of Front Row Motorsports, has largely flown under the radar during this week's federal hearing.
At least until Wednesday.
Jenkins took time Wednesday afternoon as the third Witness in the trial and told jury members that the owner of his two-year-old team had failed to make an operating profit in any year, resulting in an average loss of $6.8 million from time to time.
He said he lost $8 million in 2022, adding another $5.7 million the following year.
Jenkins told the jury that he was a lifelong racing fan whose commercial success in other enterprises has allowed him to remain NASCAR as the "minimum working team" despite losing millions of dollars in stock racing.
He told stories of his childhood growing up in a housing project in East Tennessee as the son of a factory worker who picked up groceries at night.He became one of the largest fast food franchise owners in the United States.
Everyone loved Nasik.He and his friends can be seen all over the South, and Jenkins is the charter of the Wildcat fans to drive his team.
Once, when he was watching a race and promised to own a Cup Series car, his wife told him, "We don't even have a (road) car yet."
Jenkins eventually brought the team that made up the first Motorages team, which focused on putting the ICE to the races every week to save money.
That's where Jenkins' interest in the lawsuit arose. Jenkins said he was outraged when he heard NASCAR saying that teams needed to cut costs because it was already as lean as it could get.
"I can assure you it is not due to bad practices," he said."We are very frugal."
Jenkins remained the only one of the group to be unbiased, it was based on the belief that one day they would be unbiased."
"If it ever works, NASCAR teams will be valuable," he said.
Jenkins, like the Jordan Group and Hamlin, does not have a system such as bank financing and other elements with other guarantees.When their furniture expired, the groups refused to sign the last charter contract and were sued last September.Other owners told and pleaded with Jenkins that they didn't want to sign, he said.
"I can't walk away from (my investment)," Jenkins said. "You can't turn a race shop into a warehouse."
NAGACAR AGAREY LALRENCE BUTERENENCE doubted about Jenkins' money claim and accused the owner of expenses that could not be better.
For example: In five races this season, Jenkins has fielded Long John Silvers — a company owned by his four sons — in otherwise unsponsored cars.Jenkins is "giving your kids millions of dollars in free advertising," Butterman said.
But Jennings explained that he will not use an empty car in an empty car because it is bad for business, the sponsor will only enter the car from the Jeninbis family business if there is no sponsor.
Buterman then questioned why Jenkins only paid his drivers 8.5 percent of team revenue, while claiming that NASCAR did not pay teams 25 percent of revenue.
Jenkins called apples and oranges and the teams cost much more than other sports, such as $350,000 race cars.
"You can't mess up a $350,000 basketball," he said of the cost of an NBA team.
Focus on the NASCAR Executive Room section
Earlier on Wednesday, NASCAR replette Chatrity Prime continued to sprinkle the company's allegations that he testified in Wednesday's testimony.
Prime, the president of Nascar Executive Price, was the second day in power as Jeffrey Kessler - a lawyer who represents 23XI and forward - the communication of the organization to paint the abuse of what he says.
He first worked as a consultant for McQueen's company during the preparation of his report in 2014, expressing concern about the sport "If Nascar does not take the promotion of the health of its racing team."
One such step in his report included taxi-like “medallions,” which ultimately came to fruition in NASCAR’s charter system.
Kessler noted how despite the existence of the charter system, teams are hampered by poor bargaining positions and remain at a disadvantage when it comes to renewing charters because they have nowhere else to go.
Kessler cited a 2019 letter from one team asking for a better business model with more stable revenue to help the teams' operations, which Prime acknowledged did not change the new charter agreements in 2020.
"We submitted the offer and they accepted it," Prime said.
"It's Monopoly!"Kessler said."There is no competition anywhere.
“NASCAR is the premier stock car racing series today, yes it is,” Prime Minister said.
During the 2024 charter negotiations, an email from Prime to other executives laid out four demands from the race team that he said were "extremely disappointing" because the team said they would be "forced to rededicate our energy to exploring all of our options" if NASCAR did not agree.
This makes the race car concern created by the racing words, including the written notes, including the written notes, including the written notes, including the written notes, all good for him, or eat all the cars in the house and eliminate the need for the racing group.
"You accurately reflected our wishes," then-NASCAR president Steve Phelps replied to Prime in an email.by letter
"Only a monopoly can say that," Kessler said.
Finally, Nirk revealed - take-or-leave the job on September 6, 2024 - the choice of Prime that has been described as head, "Although he did not choose.
“It’s what Jim wants,” Kessler said, referring to NASCAR President and CEO Jim France, who is also a judge.
"I don't know what he wanted," the first said.
Prime was portrayed as a moderate who tried his best to negotiate a fair deal with the teams.It was NASCAR's board led by France that seemed to refuse.
"There is no buno with Jim at the Charders," Perdana said via text after a meeting.
"I'm sorry to hear that," Phelps replied."Super disappointing."
Hamlin sat down in the middle of the court and looked across the gallery to guess a reaction from the French family and their ambassadors, who were expressly seated.
Kessler also cited NASCAR's "good faith provision" in its charter agreements, which states that any race team owner -- even if the owner is a minority owner of only 10 percent -- may not own a team and invest in a series of competing cars.
Keessler called it a "non-competitive" deal, rather than a "goodwill" deal that the prime minister disagreed with.
"It's not good, it's a sin against homosexuality," Casey said."Should that be the name?"
NASCAR's lawyers contested the request, but the judge accepted it.
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"And you think of kindness?"said the acipenser.
"I am," replied the Prime Minister.
Kessler also cited Prime's strategy document seeking intellectual property protection for NASCAR's "Next Gen" model cars after considering changes to previous "Gen 6" cars.Without IP protection, Prime wrote, "NASCAR's risk of creating a copycat series increases."
As it turned out, NASCAR installed rulebook language that says teams cannot use their Next Gen car in any series but NASCAR. Prime said that was a standard IP practice, since NASCAR is the one that came up with the car and designed it.
"That was never an issue for the team," Prime said.“Yes, they understood the design of next-generation vehicles and all the protections that come with it.”
Then, in cross-examination, the prime minister said that the organization 'Demand 20 million dollars per car has given the notice that it had decided before.
Prime said during his testimony earlier Tuesday that what he meant by trying to "lock" the tracks was simply sign them to next season's schedule, not exclude them from a competing series, and said the idea of permanent cards made no sense to anyone.Owning one of the 36 available cards entitles a team to all Cup Series points races and a guaranteed entry level.
"You can't negotiate an agreement and have the exact same agreement forever," the Chief said."You can't write a contract today that will go on forever."
