NASCAR Settles Antitrust Lawsuit with Michael Jordan's 23XI Racing and Front Row Motorsports
A lengthy antitrust lawsuit filed by Michael Jordan's 23XI Racing team and Front Row Motorsports against the National Association for Stock Car Auto Racing (NASCAR) has been settled, marking a significant victory for the embattled racing teams. The agreement, reached after nine days of trial, will see NASCAR commit to making the charters at the heart of its business model permanent for all Cup Series teams.
The lawsuit, filed in 2023, accused NASCAR of acting as a monopolistic bully and sought damages of over $300 million. Michael Jordan's 23XI Racing team and Front Row Motorsports had refused to sign agreements on new charter offers presented by NASCAR in September 2024, which guaranteed access to top-level Cup Series races and a revenue stream.
Under the settlement, both teams will receive their charters back after racing uncharted for most of the 2025 season. The financial terms of the agreement were not disclosed, but insiders say it was a major win for the plaintiffs.
According to court testimony, NASCAR had initially been unwilling to make the charters permanent, instead proposing a renewable model that left teams feeling under pressure to constantly negotiate and adapt. However, after eight days of intense questioning, including hours-long sidebar discussions with Judge Kenneth Bell, the parties reached a compromise.
In a joint statement, NASCAR and the plaintiffs acknowledged that the agreement was a "landmark moment" for the sport, ensuring its foundation is stronger, its future brighter, and its possibilities greater. The settlement has been hailed as a victory for competition and fairness in the racing world.
The case had the potential to be a game-changer for the sport, with all 15 Cup Series teams having the opportunity to sign new charters and potentially disrupt the status quo. With the agreement now settled, NASCAR's future looks more secure, and fans can look forward to an increased level of competition and unpredictability on the track.
A lengthy antitrust lawsuit filed by Michael Jordan's 23XI Racing team and Front Row Motorsports against the National Association for Stock Car Auto Racing (NASCAR) has been settled, marking a significant victory for the embattled racing teams. The agreement, reached after nine days of trial, will see NASCAR commit to making the charters at the heart of its business model permanent for all Cup Series teams.
The lawsuit, filed in 2023, accused NASCAR of acting as a monopolistic bully and sought damages of over $300 million. Michael Jordan's 23XI Racing team and Front Row Motorsports had refused to sign agreements on new charter offers presented by NASCAR in September 2024, which guaranteed access to top-level Cup Series races and a revenue stream.
Under the settlement, both teams will receive their charters back after racing uncharted for most of the 2025 season. The financial terms of the agreement were not disclosed, but insiders say it was a major win for the plaintiffs.
According to court testimony, NASCAR had initially been unwilling to make the charters permanent, instead proposing a renewable model that left teams feeling under pressure to constantly negotiate and adapt. However, after eight days of intense questioning, including hours-long sidebar discussions with Judge Kenneth Bell, the parties reached a compromise.
In a joint statement, NASCAR and the plaintiffs acknowledged that the agreement was a "landmark moment" for the sport, ensuring its foundation is stronger, its future brighter, and its possibilities greater. The settlement has been hailed as a victory for competition and fairness in the racing world.
The case had the potential to be a game-changer for the sport, with all 15 Cup Series teams having the opportunity to sign new charters and potentially disrupt the status quo. With the agreement now settled, NASCAR's future looks more secure, and fans can look forward to an increased level of competition and unpredictability on the track.