Ten IndyCar Series team owners were awarded 25 Charters that set a valuation for teams and guarantees starting positions for all races except Indianapolis 500.

In a highly anticipated business move by the NTT IndyCar Series and Penske Entertainment, both entities confirmed Monday that the series will be implementing a new charter system for participating teams.

The NTT IndyCar Series has announced the establishment of a new charter system within the series aimed at providing value

IndyCar has finalized a charter system for 25 entrants that pales in comparison to the contentious deal reached between NASCAR and its teams but does give 10 open wheel organizations some guarantees

IndyCar confirmed its charter system in a news release on Monday. Owners of 10 teams have accepted the 25 charters offered by the series. "This is an important development that demonstrates an aligned and optimistic vision for the future of our sports,

Indycar teams effective immediately Indycar has launched a charter system. It’s similar to NASCAR’s charter system which introduced a ‘franchise’ type system to the world of auto racing. 10 Indycar teams will take on 25 total charters.

The IndyCar Series has announced the establishment of the long-awaited charter system with 10 teams agreeing to the terms laid out. The new system will see charters for 25 entries in North America’s premier open-wheel racing series,