Latest news with #charter
CTV News
5 days ago
- Automotive
- CTV News
Legacy Motor Club sues broker for alleged interference in NASCAR charter deal with Rick Ware Racing
A Rick Ware Racing patch is displayed on the fire suit of driver Cody Ware prior to the NASCAR Cup Series 300 auto race at New Hampshire Motor Speedway in Loudon, N.H., Sunday, Sept. 24, 2017. (AP Photo/Charles Krupa) CHARLOTTE, N.C. — Legacy Motor Club on Wednesday sued the broker who helped negotiate its purchase of a charter from Rick Ware Racing, accusing him of tortious interference for now trying to buy Ware's NASCAR team. Legacy alleged in its filing in North Carolina Superior Court that T.J. Puchyr, acting as a consultant for the Cup Series team owned by seven-time NASCAR champion Jimmie Johnson, violated the state Unfair and Deceptive Trade Practices Act by using 'insider knowledge and position of trust to interfere with Legacy's Agreement with RWR.' Legacy also accused Puchyr of making public personal attacks against Johnson when he announced last month his plans to purchase Ware's tiny race team. The dispute began not long after Legacy entered into agreement for Johnson and his partners at Knighthead Capital Management to purchase one of Ware's two charters. Legacy says the deal is for next season, when it plans to expand to three full-time Cup cars. RWR maintains the deal was for 2027 because it already is under contract with RFK Racing to lease that organization a charter next season. Ware says he didn't read the contract closely when he signed it to note that it read 2026, and that honoring the RFK contract and selling a second charter to Legacy next year would put the NASCAR team out of business. Legacy in April sued Ware, but as that fight is playing out, it claims Puchyr struck a deal to buy RWR. Puchyr is a co-founder of Spire Motorsports and now acts as a motorsports consultant. 'Mr. Puchyr was well aware of the parties' dispute. He knew of the charter purchase agreement between Legacy and RWR that he helped broker,' the suit contends. 'Despite Mr. Puchyr's insider knowledge of the contract, his obligations under his consulting agreement with Legacy, Legacy's contractual right to a charter ... Mr. Puchyr recently announced that he intends to purchase both of RWR's charters for himself.' The latest filing is part of two active lawsuits surrounding charters, which are at the heart of NASCAR's business model. Having one is vital to a team's survival. 23XI Racing and Front Row Motorsports are locked into a prolonged suit with NASCAR over antitrust allegations against the most popular motorsports series in the United States. 23XI, co-owned by retired NBA great Michael Jordan, and Front Row, owned by entrepreneur Bob Jenkins, last September refused to sign the charter agreements offered by NASCAR after more than two years of contentious negotiations on extensions. The two were the only holdouts out of 15 organizations to refuse the extensions. They instead sued and are awaiting a federal judge's decision on if they will be stripped of their six combined charters as the case heads toward a Dec. 1 trial date. NASCAR has said it has asked multiple times for settlement proposals but heard nothing. NASCAR also has no intention of renegotiating the charter agreements held by 30 other teams. Johnson, despite his own legal fight, said last weekend that he supported a settlement in the antitrust case. 'I would love to see a settlement of some kind,' Johnson said. 'I really don't think that getting into a knock-down, drag-out lawsuit is good for anybody.' ___ Jenna Fryer, The Associated Press
Yahoo
6 days ago
- Automotive
- Yahoo
NASCAR News: Jimmie Johnson's Team Sues Former Ally, Accuses ex-spire Exec of NASCAR Sabotage
Legacy Motor Club, co-owned by seven-time NASCAR Cup Series champion Jimmie Johnson, has sued former Spire Motorsports executive T.J. Puchyr . According to the team, Puchyr intervened and disrupted the deal they had with Rick Ware Racing to buy one of their charters in the Cup Series. At the center of the issue is Charter №27, which Legacy says they agreed to buy from RWR for 2026. RWR says the deal was for 2027 and the charter is already leased to RFK Racing next year. Legacy sued RWR in April and now they've added Puchyr to the lawsuit, claiming he used his inside knowledge to block their deal after he bought RWR himself. Also Read:: Jimmie Johnson's NASCAR team just scored a massive multi-year deal with $22 billion retail giant What Sparked the Second Lawsuit Puchyr was the one who set up the agreement between Legacy Motor Club and Rick Ware Racing. Then he changed his mind and tried to buy RWR for himself. Legacy says he intentionally ruined their plans using his inside position, calling his behavior unfair and hurtful to their team's progress. Now they're going to court to ask the judge to stop him for good and for damages. Puchyr disagrees. 'If anybody deserves a pass, it is Jimmie. And if he wants to sit down and talk about it like men, I'd entertain the conversation. I don't think Jimmie has all the facts, doesn't understand the deal we had, and they tried to humiliate Rick publicly. We don't do business that way.' Jimmie Johnson, who returned to NASCAR as a team co-owner in 2023 and occasionally drives, isn't enjoying the legal drama. 'It's a big game of chess, and I'm watching all the strategy that goes into it all. I would love to see a settlement of some kind. I really don't think that getting into a knock-down, drag-out lawsuit is good for anybody,' he told reporters. This is one of several charter lawsuits going on in NASCAR right now. 23XI Racing and Front Row Motorsports have filed suits against NASCAR themselves as teams try to protect their spot on the grid and their share of the pie. What happens in this case will have big implications for future charter deals as team ownership and long-term planning gets more competitive across the series. Also Read:: NASCAR legend joins Goldberg in the ring for emotional WWE Farewell Related Headlines NHL Rumors: Florida Panthers Trading Evan Rodrigues Now Nearly Guaranteed? Texas Rangers game today: Includes full 2025 TV schedule Wyndham Clark Banned From Oakmont Country Club After Damaging Property Ohio State Burned by 5-Star Recruit as Texas Scores Big Win Over Buckeyes Before Week 1 Clash
Yahoo
6 days ago
- Automotive
- Yahoo
Legacy Motor Club sues broker for alleged interference in NASCAR charter deal with Rick Ware Racing
CHARLOTTE, N.C. (AP) — Legacy Motor Club on Wednesday sued the broker who helped negotiate its purchase of a charter from Rick Ware Racing, accusing him of tortious interference for now trying to buy Ware's NASCAR team. Legacy alleged in its filing in North Carolina Superior Court that T.J. Puchyr, acting as a consultant for the Cup Series team owned by seven-time NASCAR champion Jimmie Johnson, violated the state Unfair and Deceptive Trade Practices Act by using 'insider knowledge and position of trust to interfere with Legacy's Agreement with RWR.' Advertisement Legacy also accused Puchyr of making public personal attacks against Johnson when he announced last month his plans to purchase Ware's tiny race team. The dispute began not long after Legacy entered into agreement for Johnson and his partners at Knighthead Capital Management to purchase one of Ware's two charters. Legacy says the deal is for next season, when it plans to expand to three full-time Cup cars. RWR maintains the deal was for 2027 because it already is under contract with RFK Racing to lease that organization a charter next season. Ware says he didn't read the contract closely when he signed it to note that it read 2026, and that honoring the RFK contract and selling a second charter to Legacy next year would put the NASCAR team out of business. Legacy in April sued Ware, but as that fight is playing out, it claims Puchyr struck a deal to buy RWR. Puchyr is a co-founder of Spire Motorsports and now acts as a motorsports consultant. Advertisement 'Mr. Puchyr was well aware of the parties' dispute. He knew of the charter purchase agreement between Legacy and RWR that he helped broker,' the suit contends. 'Despite Mr. Puchyr's insider knowledge of the contract, his obligations under his consulting agreement with Legacy, Legacy's contractual right to a charter ... Mr. Puchyr recently announced that he intends to purchase both of RWR's charters for himself.' The latest filing is part of two active lawsuits surrounding charters, which are at the heart of NASCAR's business model. Having one is vital to a team's survival. 23XI Racing and Front Row Motorsports are locked into a prolonged suit with NASCAR over antitrust allegations against the most popular motorsports series in the United States. 23XI, co-owned by retired NBA great Michael Jordan, and Front Row, owned by entrepreneur Bob Jenkins, last September refused to sign the charter agreements offered by NASCAR after more than two years of contentious negotiations on extensions. The two were the only holdouts out of 15 organizations to refuse the extensions. They instead sued and are awaiting a federal judge's decision on if they will be stripped of their six combined charters as the case heads toward a Dec. 1 trial date. Advertisement NASCAR has said it has asked multiple times for settlement proposals but heard nothing. NASCAR also has no intention of renegotiating the charter agreements held by 30 other teams. Johnson, despite his own legal fight, said last weekend that he supported a settlement in the antitrust case. 'I would love to see a settlement of some kind," Johnson said. "I really don't think that getting into a knock-down, drag-out lawsuit is good for anybody.' ___ AP auto racing: Jenna Fryer, The Associated Press
Yahoo
6 days ago
- Automotive
- Yahoo
Legacy Motor Club sues broker for alleged interference in NASCAR charter deal with Rick Ware Racing
FILE - A Rick Ware Racing patch is displayed on the fire suit of driver Cody Ware prior to the NASCAR Cup Series 300 auto race at New Hampshire Motor Speedway in Loudon, N.H., Sunday, Sept. 24, 2017. (AP Photo/Charles Krupa, File) CHARLOTTE, N.C. (AP) — Legacy Motor Club on Wednesday sued the broker who helped negotiate its purchase of a charter from Rick Ware Racing, accusing him of tortious interference for now trying to buy Ware's NASCAR team. Legacy alleged in its filing in North Carolina Superior Court that T.J. Puchyr, acting as a consultant for the Cup Series team owned by seven-time NASCAR champion Jimmie Johnson, violated the state Unfair and Deceptive Trade Practices Act by using 'insider knowledge and position of trust to interfere with Legacy's Agreement with RWR.' Advertisement Legacy also accused Puchyr of making public personal attacks against Johnson when he announced last month his plans to purchase Ware's tiny race team. The dispute began not long after Legacy entered into agreement for Johnson and his partners at Knighthead Capital Management to purchase one of Ware's two charters. Legacy says the deal is for next season, when it plans to expand to three full-time Cup cars. RWR maintains the deal was for 2027 because it already is under contract with RFK Racing to lease that organization a charter next season. Ware says he didn't read the contract closely when he signed it to note that it read 2026, and that honoring the RFK contract and selling a second charter to Legacy next year would put the NASCAR team out of business. Legacy in April sued Ware, but as that fight is playing out, it claims Puchyr struck a deal to buy RWR. Puchyr is a co-founder of Spire Motorsports and now acts as a motorsports consultant. Advertisement 'Mr. Puchyr was well aware of the parties' dispute. He knew of the charter purchase agreement between Legacy and RWR that he helped broker,' the suit contends. 'Despite Mr. Puchyr's insider knowledge of the contract, his obligations under his consulting agreement with Legacy, Legacy's contractual right to a charter ... Mr. Puchyr recently announced that he intends to purchase both of RWR's charters for himself.' The latest filing is part of two active lawsuits surrounding charters, which are at the heart of NASCAR's business model. Having one is vital to a team's survival. 23XI Racing and Front Row Motorsports are locked into a prolonged suit with NASCAR over antitrust allegations against the most popular motorsports series in the United States. 23XI, co-owned by retired NBA great Michael Jordan, and Front Row, owned by entrepreneur Bob Jenkins, last September refused to sign the charter agreements offered by NASCAR after more than two years of contentious negotiations on extensions. The two were the only holdouts out of 15 organizations to refuse the extensions. They instead sued and are awaiting a federal judge's decision on if they will be stripped of their six combined charters as the case heads toward a Dec. 1 trial date. Advertisement NASCAR has said it has asked multiple times for settlement proposals but heard nothing. NASCAR also has no intention of renegotiating the charter agreements held by 30 other teams. Johnson, despite his own legal fight, said last weekend that he supported a settlement in the antitrust case. 'I would love to see a settlement of some kind," Johnson said. "I really don't think that getting into a knock-down, drag-out lawsuit is good for anybody.' ___ AP auto racing:
Associated Press
6 days ago
- Automotive
- Associated Press
Legacy Motor Club sues broker for alleged interference in NASCAR charter deal with Rick Ware Racing
CHARLOTTE, N.C. (AP) — Legacy Motor Club on Wednesday sued the broker who helped negotiate its purchase of a charter from Rick Ware Racing, accusing him of tortious interference for now trying to buy Ware's NASCAR team. Legacy alleged in its filing in North Carolina Superior Court that T.J. Puchyr, acting as a consultant for the Cup Series team owned by seven-time NASCAR champion Jimmie Johnson, violated the state Unfair and Deceptive Trade Practices Act by using 'insider knowledge and position of trust to interfere with Legacy's Agreement with RWR.' Legacy also accused Puchyr of making public personal attacks against Johnson when he announced last month his plans to purchase Ware's tiny race team. The dispute began not long after Legacy entered into agreement for Johnson and his partners at Knighthead Capital Management to purchase one of Ware's two charters. Legacy says the deal is for next season, when it plans to expand to three full-time Cup cars. RWR maintains the deal was for 2027 because it already is under contract with RFK Racing to lease that organization a charter next season. Ware says he didn't read the contract closely when he signed it to note that it read 2026, and that honoring the RFK contract and selling a second charter to Legacy next year would put the NASCAR team out of business. Legacy in April sued Ware, but as that fight is playing out, it claims Puchyr struck a deal to buy RWR. Puchyr is a co-founder of Spire Motorsports and now acts as a motorsports consultant. 'Mr. Puchyr was well aware of the parties' dispute. He knew of the charter purchase agreement between Legacy and RWR that he helped broker,' the suit contends. 'Despite Mr. Puchyr's insider knowledge of the contract, his obligations under his consulting agreement with Legacy, Legacy's contractual right to a charter ... Mr. Puchyr recently announced that he intends to purchase both of RWR's charters for himself.' The latest filing is part of two active lawsuits surrounding charters, which are at the heart of NASCAR's business model. Having one is vital to a team's survival. 23XI Racing and Front Row Motorsports are locked into a prolonged suit with NASCAR over antitrust allegations against the most popular motorsports series in the United States. 23XI, co-owned by retired NBA great Michael Jordan, and Front Row, owned by entrepreneur Bob Jenkins, last September refused to sign the charter agreements offered by NASCAR after more than two years of contentious negotiations on extensions. The two were the only holdouts out of 15 organizations to refuse the extensions. They instead sued and are awaiting a federal judge's decision on if they will be stripped of their six combined charters as the case heads toward a Dec. 1 trial date. NASCAR has said it has asked multiple times for settlement proposals but heard nothing. NASCAR also has no intention of renegotiating the charter agreements held by 30 other teams. Johnson, despite his own legal fight, said last weekend that he supported a settlement in the antitrust case. 'I would love to see a settlement of some kind,' Johnson said. 'I really don't think that getting into a knock-down, drag-out lawsuit is good for anybody.' ___ AP auto racing:
