Current:Home > Contact23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR -VitalWealth Strategies
23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR
Algosensey Quantitative Think Tank Center View
Date:2025-04-07 19:40:21
Two racing teams, 23XI Racing and Front Row Motorsports, sued NASCAR on Wednesday, accusing the organization of restraining fair competition and violating the Sherman Antitrust Act, preventing teams from competing "without accepting the anticompetitive terms" it dictates.
The suit was filed in the Western District of North Carolina and comes on the heels of a two-year battle between NASCAR and more than a dozen charter-holding organizations that compete in the top tier of stock car racing.
23XI Racing is co-owned by Basketball Hall-of-Famer Michael Jordan and driver Denny Hamlin.
"Everyone knows that I have always been a fierce competitor, and that will to win is what drives me and the entire 23XI team each and every week out on the track," Jordan said in a statement. "I love the sport of racing and the passion of our fans, but the way NASCAR is run today is unfair to teams, drivers, sponsors and fans. Today’s action shows I’m willing to fight for a competitive market where everyone wins."
23XI Racing and Front Row Motorsports claim the "France family and NASCAR are monopolistic bullies," according to the lawsuit obtained by USA TODAY Sports. "And bullies will continue to impose their will to hurt others until their targets stand up and refuse to be victims. That moment has now arrived."
NASCAR has not responded to USA TODAY Sports' request for a comment on the lawsuit.
"Unlike many major professional sports leagues like the NFL or the NBA, which are owned and operated by their teams, NASCAR has always been privately owned by the France family, including current CEO and Chairman, James France," the lawsuit says. "By exploiting its monopsony power over the racing teams, NASCAR has been able to impose anticompetitive terms as a condition of a team’s access to competitions."
Also, in the statement, the two racing teams say that NASCAR operates without transparency and has control of the sport that unfairly benefits the organization at the expense of owners, sponsors, drivers, and fans.
The lawsuit says that on Sept. 6, NASCAR presented a final, take-it-or-leave-it offer to the driving teams, telling them they had a deadline of 6 p.m. or risked not having a charter for next season.
The USA TODAY app gets you to the heart of the news — fast.Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.
veryGood! (1765)
Related
- Immigration issues sorted, Guatemala runner Luis Grijalva can now focus solely on sports
- Weather system in southern Caribbean expected to strengthen and head northward this week
- 19 Things Every Grown-up Bathroom Should Have
- October jobs report shows slower hiring in the wake of strikes, hurricanes
- DoorDash steps up driver ID checks after traffic safety complaints
- Cecily Strong is expecting her first child: 'Very happily pregnant from IVF at 40'
- Will the 'khakis' be making a comeback this Election Day? Steve Kornacki says 'we'll see'
- Chris Olave injury update: Saints WR suffers concussion in Week 9 game vs. Panthers
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Kevin Durant fires back at Stephen A. Smith over ESPN's personality's criticism
Ranking
- Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
- Is pumpkin good for dogs? What to know about whether your pup can eat the vegetable
- Dak Prescott injury update: Cowboys QB shares outlook for next week vs. Eagles
- Britain has banned protests outside abortion clinics, but silent prayer is a gray area
- Video shows dog chewing cellphone battery pack, igniting fire in Oklahoma home
- When is the NASCAR Championship Race? What to know about the 2024 Cup Series finale
- Teddi Mellencamp’s Estranged Husband Edwin Arroyave Shares Post About “Dark Days” Amid Divorce
- Arkansas chief justice election won’t change conservative tilt of court, but will make history
Recommendation
Beware of giant spiders: Thousands of tarantulas to emerge in 3 states for mating season
TGI Fridays files for bankruptcy; restaurants remain open amid restructuring
Families can feed 10 people for $45: What to know about Lidl’s Thanksgiving dinner deal
Chloë Grace Moretz shares she is a 'gay woman' in Kamala Harris endorsement
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
On Meeker Avenue in Brooklyn, How Environmental Activism Plays Out in the Neighborhood
Kamala Harris and Maya Rudolph's Saturday Night Live Skit Will Have You Seeing Double
Weather system in southern Caribbean expected to strengthen and head northward this week