A Note by Lauren Hadley
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Since its inception in 1948, the France family has ruled NASCAR with an iron fist. As other American professional sports leagues became increasingly democratic through athlete unionization and joint venture structures, NASCAR remained a dictatorship. In 2016, NASCAR granted teams non-permanent charters, similar to franchises, to build equity and encourage investment. Theoretically, the charter agreement gave teams formal power in NASCAR governance by negotiating and bargaining for better terms every few years. However, during last fall’s charter renewal negotiations, it became clear this was
not true in practice. . . .… Read the rest
