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The Recipe for a Hollywood Hit and Its Parallels in Gaming
CHARLOTTE, N.C. — Front Row Motorsports, one of two teams suing NASCAR in federal court, accused the stock car series Thursday of rejecting the planned purchase of a valuable charter unless the lawsuit was dropped. Front Row made the claim in a court filing and said it involved its proposed purchase of the charter from Stewart-Haas Racing. Front Row said the series would only approve it if Front Row and 23XI Racing dropped their court case. "Specifically, NASCAR informed us that it would not approve the (charter) transfer unless we agreed to drop our current antitrust lawsuit against them," Jerry Freeze, general manager of Front Row, said in an affidavit filed in the U.S. District Court of Western North Carolina. The two teams in September refused to sign NASCAR's "take-it-or-leave-it" final offer on a new revenue sharing agreement. All other 13 teams signed the deal. People are also reading... Front Row and 23XI balked and are now in court. 23XI co-owner Michael Jordan has said he took the fight to court on behalf of all teams competing in the top motorsports series in the United States. NASCAR has argued that the two teams simply do not like the terms of the final charter agreement and asked for the lawsuit be dismissed. Earlier this week, the suit was transferred to a different judge than the one who heard the first round of arguments and ruled against the two teams in their request for a temporary injunction to be recognized in 2025 as chartered teams as the case proceeds. The latest filing is heavily redacted as it lays out alleged retaliatory actions by NASCAR the teams say have caused irreparable harm. Both Front Row and 23XI want to expand from two full-time cars to three, and have agreements with SHR to purchase one charter each as SHR goes from four cars to one for 2025. The teams can still compete next season but would have to do so as "open" teams that don't have the same protections or financial gains that come from holding a charter. Freeze claimed in the affidavit that Front Row signed a purchase agreement with SHR in April and NASCAR President Steve Phelps told Freeze in September the deal had been approved. But when Front Row submitted the paperwork last month, NASCAR began asking for additional information. A Dec. 4 request from NASCAR was "primarily related to our ongoing lawsuit with NASCAR," Freeze said. "NASCAR informed us on December 5, 2024, that it objected to the transfer and would not approve it, in contrast to the previous oral approval for the transfer confirmed by Phelps before we filed the lawsuit," Freeze said. "NASCAR made it clear that the reason it was now changing course and objecting to the transfer is because NASCAR is insisting that we drop the lawsuit and antitrust claims against it as a condition of being approved." A second affidavit from Steve Lauletta, the president of 23XI Racing, claims NASCAR accused 23XI and Front Row of manufacturing "new circumstances" in a renewed motion for an injunction and of a "coordinated effort behind the scenes." "This is completely false," Lauletta said. Front Row is owned by businessman Bob Jenkins, while 23XI is owned by retired NBA Hall of Famer Jordan, three-time Daytona 500 winner Denny Hamlin and longtime Jordan adviser Curtis Polk. NASCAR had been operating with 36 chartered teams and four open spots since the charter agreement began in 2016. NASCAR now says it will move forward in 2025 with 32 chartered teams and eight open spots, with offers on charters for Front Row and 23XI rescinded and the SHR charters in limbo. The teams contend they must be chartered under some of their contractual agreements with current sponsors and drivers, and competing next year as open teams will cause significant losses. "23XI exists to compete at the highest level of stock car racing, striving to become the best team it can be. But that ambition can only be pursued within NASCAR, which has monopolized the market as the sole top-tier circuit for stock car racing," Lauletta said. "Our efforts to expand – purchasing more cars and increasing our presence on the track – are integral to achieving this goal. "It is not hypocritical to operate within the only system available while striving for excellence and contending for championships," he continued. "It is a necessity because NASCAR's monopoly leaves 23XI no alternative circuit, no different terms, and no other viable avenue to compete at this level." Be the first to knowNoneDAKAR, Senegal (AP) — Niger's ruling junta suspended the BBC for three months over the broadcaster's coverage of an extremist attack that allegedly killed dozens of Nigerien soldiers and civilians, authorities said Thursday. “BBC broadcasts false information aimed at destabilizing social calm and undermining the troops' morale,” communications minister Raliou Sidi Mohamed said in letters to radio stations that rebroadcast BBC content. Mohamed asked the stations to suspend BBC's programs “with immediate effect.” The BBC said it had no comment on the suspension. Popular BBC programs, including those in Hausa — the most-spoken language in Niger — are broadcast in the Central African country through local radio partners to reach a large audience across the region. The British broadcaster had reported on its website in Hausa on Wednesday that gunmen had killed more than 90 Nigerien soldiers and more than 40 civilians in two villages near the border with Burkina Faso. The French broadcaster Radio France International, also known as RFI, also reported on the attack, calling it a jihadi attack and citing the same death toll. Niger's authorities denied that an attack happened in the area in a statement read on state television and said it would file a complain against RFI for “incitement to genocide.” Niger, along with its neighbors Burkina Faso and Mali, has for over a decade battled an insurgency fought by jihadi groups, including some allied with al-Qaida and the Islamic State group. Following military coups in all three nations in recent years, the ruling juntas have expelled French forces and turned to Russia’s mercenary units for security assistance. But the security situation in the Sahel has worsened since the juntas took power, analysts say, with a record number of attacks and civilians killed both by Islamic militants and government forces. Meanwhile, the ruling juntas have cracked down on political dissent and journalists . Earlier this year, Malian authorities banned the media from reporting on the activities of political parties and associations. Burkina Faso suspended the BBC and Voice of America radio stations for their coverage of a mass killing of civilians carried out by the country’s armed forces. In August 2023, Niger banned French broadcasters France 24 and RFI, a month after its military rulers took power in a coup. “Generally speaking, the three juntas censor the media as soon as the security situation in the country is addressed in an unpleasant manner or when abuses are revealed,” Sadibou Marong, head of the sub-Saharan Africa office of Reporters Without Borders, told The Associated Press in September. “Finding reliable and neutral information on government activities has become extremely complex, as has covering security situation in these countries,” Marong added.
( ) CEO Elon Musk's record 2018 pay deal was rejected again by a Delaware judge, even though shareholders again backed the massive compensation deal in June. Tesla stock fell slightly in after-hours trading. Delaware Court of Chancery Judge Kathaleen McCormick, in a late Monday decision, stuck with her January decision that Tesla's board was too heavily influenced by Elon Musk when awarding the original pay deal in 2018. At the time of the January ruling, the pay deal was worth some $56 billion. In June, some 77% of shareholders voting , or 72% excluding Musk and his brother, Kimbal Musk. Some 63% backed reincorporating Tesla in Texas, from Delaware. Before the June shareholder vote, Musk had suggested he might shift Tesla resources to his privately held xAI if he didn't get the pay deal, as well as further power giving him a 25% voting stake. Judge Kathaleen McCormick wrote in Monday's opinion that, "Even if a stockholder vote could have a ratifying effect, it could not do so here." Tesla could award a new pay package, but with shares valued far more than in 2018, a similar compensation payout would be far more expensive for the EV giant. Back in 2018, the pay deal only was worth $2 billion. Strictly speaking, rejection of Musk's pay deal means that there's less dilution for other shareholders. Tesla Stock TSLA stock fell 1.1% in late trading. Shares rose 3.5% to 357.09 in Monday's stock market trading, a two-year closing high. Tesla began rolling out Full Self-Driving v13 to select outside customers. Two analysts raised price targets on TSLA stock, with FSD optimism a key factor.None
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