NASCAR and its teams are unlikely to finalize a new charter agreement until after NASCAR strikes its next TV deals, frustrating teams who tried to jumpstart talks early. Steve Phelps, NASCAR President, has stated that there has been progress on extending charters. The amount of interest in obtaining NASCAR's media rights from 2025 and beyond has exceeded expectations. Phelps believes they are getting toward the end of the process but does not know what the result will look like. The priority list for NASCAR is securing media rights first, followed by the charter deal.
A new charter agreement, and what form it takes, will surely be held up by NASCAR's next TV rights agreement. NASCAR is making progress towards both. https://t.co/rT7g6Ii8Zx
NASCAR president Steve Phelps said today that the industry needs to get through its next media rights deal before completing a new charter agreement: LINK ⬇︎ https://t.co/1bGMm5bJyo
Steve Phelps says no timeline on the Charter talks, but says the media rights deal has to be secured first. #NASCAR
Steve Phelps' priority list: 1) Media Rights 2) Charter Deal Both are being worked on, but that's the #NASCAR order.
NASCAR media rights deal for 2025 season and beyond not solidified yet .. NASCAR President Steve Phelps says. He concedes he thought it would be done by this point but encouraged by the interest saying "It exceeded our expectations." #NASCAR
#NASCAR @stevephelps says in regards to Cup charters, there has been progress on extension of charters
Phelps on charters: Will not get into negotiations but thinks if the race teams were asked, they would say "we're making progress." #NASCAR
Phelps says that the sanctioning body and teams still don't have an agreement in place for Charters in the future, but says if you ask the teams, they'll probably say progress has been made in the talks. #NASCAR
Amount of media rights interest "exceeded our expecation" We are going to have a strong result he said adding NASCAR was "getting toward the end of the process" - it has taken longer because of the interest. @stevephelps
#NASCAR President Steve Phelps said they are getting to the end of the process in securing media rights (new deal begins 2025). No deal yet. Says they are looking at combination of broadcast, cable and streaming.
"the amount of interest in obtaining our media rights from '25 and beyond has exceeded our expectations," says @stevephelps "What that looks like, I don't know." #NASCAR
#NASCAR's @stevephelps says amount in TV rights "exceeded our expectations" and they are "getting toward the end of the process"
Phelps on #NASCAR media rights: "The amount of interest in attaining our media rights for 2025 and beyond exceeded our expectations ... we believe we're going to have a very strong result. What that looks like: I don't know. Are we getting toward the end of this process? We… https://t.co/O7tjFPJgzC
.@NASCAR and its teams are unlikely to finalize a new charter agreement until after NASCAR strikes its next TV deals, sources say, a tactical win for NASCAR that has frustrated teams, who last year tried to jumpstart talks early to no avail. https://t.co/KlHGTbMqFn