NASCAR Cup Series team 23XI Racing has rescinded its decision to appeal penalties that the sanctioning body handed down against it on Tuesday after the race at Martinsville Speedway. In a statement released Wednesday afternoon on social media, team ...

XI Racing states that while it disagrees with the penalty, "it is in our best interests ... to fully devote our personnel and resources this week toward the championship."

Trackhouse Racing, Richard Childress Racing, and 23XI Racing have all been handed major penalties for manipulating the outcome of Sunday's NASCAR Cup Series eve