Lawsuit Could Change NASCAR for Everyone

This is the Statt Mann Baby. Time to Scatt a little bit.

The headlines say former NBA star and team owner Michael Jordan filed an anti-trust lawsuit against NASCAR. It’s larger than that.

NASCAR is a monopoly and breaking it up will be stupidly expensive. Oddly, if NASCAR is thrown open by an anti-trust break up it could come down to the richest teams dominating the sport. Kind of like they do now. That means Penske, Hendrick and Gibbs winning more.

Formula One solved some of these issues with spending caps. Those caps created new ways for team investors and owners to make money and the sport has boomed because of it.

NASCAR’s problem isn’t its monopolistic practices. NASCAR’s problem is uncontrolled costs that drive away new investment. For NASCAR AND its teams.

NASCAR teams miss the point if they continue to fight for revenue sharing. The fight should be for changes that would free teams to go get their own money from anyone who will give them a check.

And those checks should be coming from Wall Street and not just Madison Avenue.

Peace.