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Formula 1's Surge in Popularity in the U.S. Attracts Attention from Morgan Stanley Fund
Recent developments in the world of Formula 1 (F1) racing indicate a remarkable growth in the sport's popularity within the United States. This unexpected surge has caught the eye of several prominent investors, notably a significant fund from Morgan Stanley. The increasing viewership, with numbers that rival those of established sports leagues, is leading to a reshaping of the F1 landscape and attracting substantial financial interest.
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NASCAR's Strategic Move: Open Team Collaboration Amid Ongoing Legal Battle
In a significant development within the realm of motorsport, NASCAR has struck a deal with teams 23XI Racing and Front Row Motorsports, enabling them to act as open teams while a contentious lawsuit unfolds. This agreement marks a crucial step as the two organizations navigate not only their competitive strategies but also the complex legal landscape surrounding NASCAR's operations and team classifications.
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