That settlement is a new charter system called "evergreen charters", meaning teams are going to get permanent team charters, which was the main point of Jordan, driver Danny Hamlin and their team's lawsuit. Although the financial agreements between the two sides will not be publicly disclosed.

The NASCAR antitrust lawsuit reached a resolution on Thursday after the sanctioning body agreed to provide all teams with 'evergreen' or 'permanent' charters.

Michael Annett, a former racecar driver who made 436 combined starts in NASCAR's three national touring series, has died. He was 39. JR Motorsports, one of Annett's former teams, posted the news on social media on Friday. No cause of death was announced.

On Day 8 of the trial, France explained his reasoning for resisting permanent charters to teams as the plaintiffs wrapped up their case.

NASCAR Chairman Jim France has testified in a federal antitrust lawsuit involving Michael Jordan's racing team.

The Racing America motorsports media platform that has been founded and owned by the Race Team Alliance’s member teams is being acquired by racing series operator Parella Motorsports Holdings.