Michael Jordan Sues NASCAR in High-Stakes Antitrust Trial

Jordan explains that he did this because he thought, “Someone had to step forward and challenge [NASCAR].”

Sports
2.8K 1 Comments
Save

Summary

  • Michael Jordan testified in an antitrust case against NASCAR, stating he felt compelled to challenge the entity over its unfair business model
  • The NBA icon criticized the low revenue share, noting it was “far less than any business I’ve ever been a part of”
  • The lawsuit was triggered when NASCAR issued a 6-hour ultimatum for teams to sign a contract that refused to make team charters permanent

NBA icon Michael Jordan ignited a landmark antitrust trial, testifying that he felt compelled to sue NASCAR over a business model that he believes unfairly disadvantages teams and drivers. Jordan’s testimony outlined why his co-owned team, 23XI Racing, joined Front Row Motorsports in challenging the top U.S. auto racing series.

The six-time NBA champion was direct about his motivation, speaking to the jury, “Someone had to step forward and challenge the entity. I sat in those meetings with longtime owners who were brow-beaten for so many years trying to make change. I was a new person, I wasn’t afraid. I felt I could challenge NASCAR as a whole.” Jordan clarified that he desired a genuine partnership, noting the revenue split was “far less than any business I’ve ever been a part of.”

The lawsuit stems from NASCAR’s refusal to make team charters (which guarantee race revenue) permanent, giving teams only six hours in September 2024 to sign a binding extension. Jordan and 23XI, co-owned with Denny Hamlin, refused the deal. Jordan outlined his objections, “One, I didn’t think it was economically viable. Two, it said you could not sue NASCAR — that was an antitrust violation, I felt. Three, they gave us an ultimatum I didn’t think was fair to 23XI. I wanted a partnership, and permanent charters wasn’t even a consideration. The pillars that the teams wanted, no one on the NASCAR side even negotiated or compromised. They were not even open-minded to welcome those conversations, so this is where we ended up.” His testimony frames the trial as a battle for fundamental revenue stability and fairness in the sport.

Read Full Article

What to Read Next

'Zero 10' Opens a New Digital Chapter for Art Basel
Art

'Zero 10' Opens a New Digital Chapter for Art Basel

Curator Eli Scheinman walks us through his vision behind the inaugural digital and new media art-focused initiative.

Everything We Loved in Music This Week: December 6
Music

Everything We Loved in Music This Week: December 6

A big week for Dijon in NYC, new releases from Niontay, SAILORR, and redveil, and ASAP Rocky and 070 Shake settle into their respective ambassadorships at Chanel and Dior.

Omar Afridi and Vuja Dé Present "NOIR"
Fashion

Omar Afridi and Vuja Dé Present "NOIR"

Working exclusively with the color black, the two emerging labels blend their unique approach to design in an exercise of restraint.

Official Look at Jalen Brunson's Nike Kobe 6 Protro “Statue of Liberty”
Footwear

Official Look at Jalen Brunson's Nike Kobe 6 Protro “Statue of Liberty”

The New York Knicks star first wore the pair during the second game of last season’s NBA Eastern Conference Finals.

LISA of BLACKPINK Scores Role in Netflix's New Action Thriller 'Tygo'
Entertainment

LISA of BLACKPINK Scores Role in Netflix's New Action Thriller 'Tygo'

Starring alongside major power house Don Lee and ‘Squid Game’ actor Lee Jin-uk.

JOURNAL STANDARD relume and Avirex Rework the Classic L-2B Flight Jacket
Fashion

JOURNAL STANDARD relume and Avirex Rework the Classic L-2B Flight Jacket

Arriving in two vintage-inspired, stonewashed colorways.


Gary Card’s ‘Homunculand’ Takes Over Oxford Street for the Holidays
Art

Gary Card’s ‘Homunculand’ Takes Over Oxford Street for the Holidays

The multidisciplinary artist blends cartoon iconography, set design and digital art for a playful seasonal exhibition.

The Nike Zoom Vomero 5 “Peony” Is Ready for Springtime
Footwear

The Nike Zoom Vomero 5 “Peony” Is Ready for Springtime

Littered with crimson detailing.

BEAMS and Apple Butter Store Reimagine Timberland Field Boots with GORE-TEX
Footwear

BEAMS and Apple Butter Store Reimagine Timberland Field Boots with GORE-TEX

Crafted with premium black nubuck leather for a refined aesthetic.

Vintage Frames Company and Stash Debut Collaborative Capsule During Art Basel
Fashion

Vintage Frames Company and Stash Debut Collaborative Capsule During Art Basel

Legendary graffiti artist Stash adds his iconic touch to VF’s signature Bowie, King Size, and XXL shades.

You're Invited to The Macallan Edit, Curated by Hypebeast

You're Invited to The Macallan Edit, Curated by Hypebeast

Presented by Macallan
A holiday lounge and shopping experience with good vibes and even better whisky.

More ▾