All articles tagged with #spire motorsports
A U.S. district judge issued a mixed restraining order in the Gibbs-Gabehart-Spire case: Gabehart can remain Spire’s Chief Motorsports Officer but cannot engage in duties overlapping with his former Joe Gibbs Racing role, must return proprietary information, and the court set a March 16 date to address discovery and a preliminary injunction, with JGR posting a $100,000 bond if Gabehart wins.
A federal judge ruled that former Joe Gibbs Racing competition director Chris Gabehart may continue working for Spire Motorsports, provided he avoids Gibbs-related duties, resolving a staffing issue and allowing him to remain active in NASCAR in a limited capacity.
At a federal hearing in Western North Carolina, Joe Gibbs Racing sought a temporary restraining order against former competition director Chris Gabehart as he moves to Spire Motorsports, amid an $8 million suit alleging an NDA breach and data transfer. The judge urged both sides to negotiate over the weekend and potential Monday ruling, while forensic review of devices and the exact start date of Gabehart’s Spire role remained key issues.
Spire Motorsports aims to improve in the 2026 NASCAR Cup Series after a disappointing 2025, with drivers Daniel Suárez, Michael McDowell, and Carson Hocevar looking to break through for wins and playoff appearances.
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.