NASCAR Begins Team Owner Charter System for Sprint Cup Series | Dover International Speedway

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January 20, 2016

NASCAR Begins Team Owner Charter System for Sprint Cup Series

NASCAR announced a nine-year agreement on Tuesday that grants NASCAR Sprint Cup Series Charters to 36 teams, allowing teams that remain in good standing more predictable revenue.

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Getty Images

“Today represents a landmark change to the business model of team ownership in NASCAR,” said Brian France, NASCAR’s chairman and CEO. “The Charter agreements provide nine years of stability for NASCAR and the teams to focus on growth initiatives together with our track partners, auto manufacturers, drivers and sponsors. The Charters also are transferable, which will aid in the development of long-term enterprise value for Charter members.”

The 36 Charter teams have a guaranteed entry into the field of every NASCAR Sprint Cup Series points race. The rest of the field will be open for team owners who do not hold Charters. These open team owners will compete for the remaining starting spots and positions in the race, as each event in the NASCAR Sprint Cup Series’ starting lineup shifts in 2016 to a 40-car field.

The last time a NASCAR Sprint Cup Series race at Dover International Speedway started with less than 43 cars was the MBNA 400 on Sept. 21, 1997 (42 cars). The last time a NASCAR Sprint Cup Series race at Dover started with 40 cars was the MBNA 500 on Sept. 17, 1995.

“The new team owner agreements will offer a more appealing environment for both current and prospective team owners at the NASCAR premier series level,” France said. “I’ve always stressed that if we can do things to improve the business of our stakeholders, we will pursue it. I’m very proud of what we’ve accomplished … with this agreement.”

Similar to the five-year sanctioning agreements that NASCAR begins with tracks, including Dover International Speedway, this year, team owner Charter agreements allow for longer planning cycles around competition, innovation, digital marketing, governance and research and development.

“The new Charter program strengthens each of our businesses individually and the team model as a whole, which is good for NASCAR, our fans, drivers, sponsors and the thousands of people who we employ,” said Rob Kauffman, co-owner of Chip Ganassi Racing. “This will give us more stability and predictability, and it will allow us to take a more progressive, long-term approach to issues.”

See chart below for list of existing Charters.

For more information on Dover International Speedway’s NASCAR tripleheader weekends on May 13-15 and Sept. 30-Oct. 2, click here or call 800-441-RACE.

NASCAR Charter teams

(Listed by historical inception of race team entity, then numerical)

2015 Car #2016 Car #Organization
4343Richard Petty Motorsports
944Richard Petty Motorsports
33Richard Childress Racing
2727Richard Childress Racing
3131Richard Childress Racing
22Team Penske
2222Team Penske
55Hendrick Motorsports
2424Hendrick Motorsports
4848Hendrick Motorsports
8888Hendrick Motorsports
66Roush Fenway Racing
1616Roush Fenway Racing
1717Roush Fenway Racing
11Chip Ganassi Racing
4242Chip Ganassi Racing
1111Joe Gibbs Racing
1818Joe Gibbs Racing
2020Joe Gibbs Racing
15TBDMichael Waltrip Racing
55TBDMichael Waltrip Racing
44Stewart-Haas Racing
1010Stewart-Haas Racing
1414Stewart-Haas Racing
7878Furniture Row Racing
3534Front Row Motorsports
3838Front Row Motorsports
4747JTG Daugherty Racing
77Tommy Baldwin Racing
1313Germain Racing
3232Go Fas Racing
2323BK Racing
8383BK Racing
6262Premium Motorsports
3395Circle Sport Racing
5115HScott Motorsports

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Dover Motorsports, Inc. (NYSE: DVD) is a leading promoter of NASCAR sanctioned motorsports events whose subsidiaries own and operate Dover International Speedway in Dover, Del. and Nashville Superspeedway near Nashville, Tenn. The company also plays host to the Firefly Music Festival, produced by Red Frog Events and Goldenvoice. For more information, visit www.DoverMotorsports.com.