"The antitrust lawsuit against NASCAR by two of its racing teams - including one co-owned by NBA legend Michael Jordan - was settled Thursday, with the motorsports behemoth agreeing to grant all of its teams the permanent charters they had been seeking. The lawsuit was filed Oct. 2, 2024, in the Western District of North Carolina by 23XI Racing - which is owned by Jordan, three-time Daytona 500 winner Denny Hamlin and Jordan's longtime business advisor Curtis Polk -"
"This resolution reflects our shared commitment to maintaining a fair and equitable framework for long-term participation in America's premier motorsport, one that supports teams, partners and stakeholders while ensuring fans enjoy uninterrupted access to the best racing in the world. The agreement allows all parties to move forward with a unified focus on advancing stock car racing and delivering exceptional competition for our fans."
Two NASCAR teams, 23XI Racing (co-owned by Michael Jordan, Denny Hamlin and Curtis Polk) and Front Row Motorsports (owned by Bob Jenkins), filed an antitrust lawsuit in the Western District of North Carolina on Oct. 2, 2024, accusing NASCAR and the France family of blocking competition. The parties reached a settlement that grants permanent "evergreen" charters to all teams, aiming to provide long-term stability and conditions for meaningful growth in a more competitive environment. The agreement commits to a fair framework supporting teams, partners and stakeholders, ensures uninterrupted access for fans, and allows all parties to focus on advancing stock car racing.
Read at Los Angeles Times
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