Tony Stewart’s Failure to Escape NASCAR With Almost $50 Million Revenue Uncovered

Tony Stewart dropped a bombshell this yr. After 16 years of stellar racing in NASCAR’s premier sequence, Stewart-Haas Racing ceased to exist. Its 70 race victories and two Cup Collection championships became a factor of the previous, with the house owners making do with its scraps. Whereas Gene Haas continued his over 2-decade work as a workforce proprietor, Stewart centered on NHRA. However neither of them can get peace but.

The continued NASCAR lawsuit has pitted Michael Jordan, 23XI Racing’s workforce proprietor, and the sanctioning physique in opposition to one another. Each Jordan’s workforce and Entrance Row Motorsports search to revolutionize the game, whereas NASCAR seeks to carry them down. Tony Stewart additionally inadvertently signed up for this drama, inviting a potential financial loss – as two veterans talk about.

A mighty income loss on the desk for Tony Stewart?

The lawsuit itself is predicated on pecuniary disparities. For the previous two years, the Race Group Alliance has been demanding higher slices of the media income and everlasting charters amongst different modifications. Not solely did NASCAR pay little heed to those, nevertheless it additionally dropped a constitution settlement with a 6-hour signing deadline. Solely Michael Jordan’s workforce and FRM opted to remain out, risking their chartered spots subsequent yr. They hoped to resolve that through the lawsuit, however thus far the dominoes have fallen of their disfavor. The primary preliminary injunction request was already denied on November 2nd, throwing into doubt not solely Jordan’s future in NASCAR but additionally Tony Stewart’s final income.

That will have dealt a harsh blow to the previous SHR proprietor. On the Herm & Schrader podcast, Xfinity Collection veteran Kenny Wallace and former Cup veteran Ken Schrader united for a dialogue about this subject. Schrader summed up Tony Stewart’s icky state of affairs: “They bought caught within the crossfire between 23XI and Entrance Row and NASCAR… I’m glad that I’m not concerned.”

Then Wallace make clear the hefty quantity that Stewart could lose if his charters go unsold. “They’re taking a look at eliminating three, simply give them 25 million per Constitution, no matter you need. We’re speaking near a 100 million {dollars}, that’s an enormous capsule to swallow.” Then he corrected his math since Stewart is promoting three charters: “$75 Million.”

Wallace continued that Tony Stewart‘s thoughts had shifted from NASCAR earlier than. Now the newly ordained father is wanting ahead to his drag racing pursuits. “Tony stated, ‘I don’t like the way in which NASCAR’s headed’. And he claimed that he left due to that… Tony’s nonetheless proprietor, so he’s ready for his cash to roll in… Effectively, Tony’s going to get a part of that cash, leaving and going drag racing.” Kenny Wallace added, “I don’t assume NASCAR noticed this situation coming… any person suing us and we’re coping with charters on the similar time.” 

NASCAR had already gotten on Tony Stewart’s nerves earlier than when his workforce was below stress.

When Stewart was ‘so mad’ 

In a 2022 playoff race in Charlotte, Cole Custer and Chase Briscoe landed a hefty penalty. Stewart-Haas Racing was accused of race manipulation – as Custer allegedly slowed all the way down to let Briscoe go forward. Briscoe completed ninth, adequate to edge Kyle Larson out of the playoffs. NASCAR levied a $100,000 high-quality for Custer and a lack of 50 driver factors, in addition to 50 proprietor factors for SHR. Crew chief Mike Shiplett was additionally fined $100,000 and suspended indefinitely. With a $200,000 financial loss staring him within the face, Tony Stewart was livid. “I’m so mad at NASCAR proper now, I’m not speaking about it.”

Proper after this penalty hit, Stewart was set to compete within the NHRA Texas Fall Nationals in Ennis, Texas. And he was tremendously glad for the break from NASCAR, as Stewart admitted to the Related Press: “Tremendous glad I’m going drag racing this weekend. If it weren’t for the truth that I’ve bought a few appearances that I’ve to make, I wouldn’t be in one other NASCAR race the remainder of the yr. Wouldn’t waste my time.” Requested if he was having enjoyable with NHRA, Stewart responded, “Adore it. The environment is method totally different, method totally different. And I just like the environment there, I’ve all yr.”

Tony Stewart evidently has not been on good phrases with NASCAR for the previous two years. Now it appears the lawsuit has tipped him over the sting. In an interview for Automobiles and Tradition with Jason Stein, Stewart stated, “The Constitution agreements are a joke. If individuals aren’t sensible sufficient to learn between the strains when somebody like Rick Hendrick says ‘I simply bought uninterested in arguing with them’… you’re all lacking the entire huge image.” Rick Hendrick and Hendrick Motorsports have the monetary stability to ‘get drained’ of arguing with NASCAR and begrudgingly settle for their phrases. Nevertheless, not all groups have that luxurious, and SHR perished due to that.

Evidently his fury will intensify now as effectively, with SHR’s charters in danger within the NASCAR lawsuit.