NASCAR Confirms Talks On New Ownership Model Underway

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NASCAR Senior Vice President and Corporate Communications Officer Brett Jewkes confirmed today that the sanctioning body has held talks with Sprint Cup Series owners with an eye toward implementing a new ownership model, as early as 2016.

“Earlier today, NASCAR met with all Sprint Cup Series owners and presented framework concepts for future qualification to compete in NASCAR’s top national series, with an eye toward implementing a new model for the 2016 season,” said Jewkes in a written statement. “The on-going dialogue with the entire industry has been very good and today’s session was another productive step in that process. NASCAR, the tracks and the team owners all have the same collective goal: making the sport as strong and competitive as it can be for decades to come.

“Today’s meeting was one step in the process,” Jewkes said. “There is still a lot of work to be done and that will continue over the coming months. We understand there will be speculation and rumors related to the concepts outlined today, but would caution against coming to any conclusions as we work toward final decisions.

“When it is appropriate to do so, NASCAR will make an official announcement. In the meantime, we are excited about the 2015 Chase for the NASCAR Sprint Cup and this weekend’s race at Dover.”

Sources say the new system was presented to owners by NASCAR for the first time today, and is specifically not franchised-based.