NASCAR's Charter Shuffle: Spire Motorsports, Trackhouse Racing, and Live Fast Motorsports in Multi-Million Dollar Deals
Originally Published 2 years ago — by The Athletic
Spire Motorsports has acquired Live Fast Motorsports' charter for approximately $40 million, increasing its car count to three for the 2024 season. Zane Smith, the defending Truck Series champion, will drive the newly acquired charter under a unique arrangement with Trackhouse Racing. The rising value of charters reflects the expected increase in financial revenue for NASCAR teams, particularly through the upcoming Cup Series television contract negotiations. Team executives anticipate charter values to rise to around $50 million once the negotiations conclude.