NASCAR, 23XI Racing and Front Row Motorsports have reached a mutually agreed-upon resolution to the previously ongoing court case between the parties. The teams and sanctioning body issued a joint statement regarding the resolution:

NASCAR, 23XI Racing and Front Row Motorsports are pleased to announce a mutually agreed-upon resolution that delivers long-term stability and creates the conditions for meaningful growth for all teams in a more competitive environment.

This resolution reflects our shared commitment to maintaining a fair and equitable framework for long-term participation in America's premier motorsport, one that supports teams, partners and stakeholders while ensuring fans enjoy uninterrupted access to the best racing in the world. The agreement allows all parties to move forward with a unified focus on advancing stock car racing and delivering exceptional competition for our fans.

With this matter now resolved, all parties look forward to working together, alongside all chartered race teams, to deliver world-class events, dynamic sponsorship and partner activation opportunities, and continued growth for generations to come.

As a condition of the settlement agreement, NASCAR will issue an amendment to existing charter holders detailing the updated terms for signature, which will include a form of "evergreen" charters, subject to mutual agreement. The financial terms of the settlement are confidential and will not be released.

What all parties have always agreed on is a deep love for the sport and a desire to see it fulfill its full potential. This is a landmark moment, one that ensures NASCAR's foundation is stronger, its future is brighter, and its possibilities are greater. We extend our sincere thanks to Judge Kenneth Bell and mediator Jeffrey Mishkin for their professionalism and guidance throughout this process and to their jury for their time.

For more information, visit nascar.com.