Current:Home > Markets23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR -Zenith Investment School
23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR
View
Date:2025-04-26 03:26:17
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! (38733)
Related
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- There might actually be fewer TV shows to watch: Why 'Peak TV' is over
- Prince Harry Makes Surprise Appearance at NFL Honors After Visit With King Charles III
- See Kylie Jenner Debut Short Bob Hair Transformation in Topless Selfie
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Fire causes extensive damage to iconic Chicago restaurant known for its breakfasts
- 'The Taste of Things' is a sizzling romance and foodie feast — but don't go in hungry
- Jury in Young Dolph murder trial will come from outside of Memphis, Tennessee, judge rules
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Congressional age limit proposed in North Dakota in potential test case for nation
Ranking
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Arkansas police find firearms, Molotovs cocktails after high speed chase of U-Haul
- An Oklahoma judge who sent more than 500 texts during a murder trial resigns
- Will $36M Florida Lottery Mega Millions prize go unclaimed? The deadline is ticking.
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- ADHD affects a lot of us. Here's what causes it.
- 5 Marines killed in helicopter crash are identified: Every service family's worst fear
- Pamela Anderson opens up about why she decided to ditch makeup
Recommendation
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Tarek El Moussa Reveals How He Went From Being an Absent Father to the Best Dad Possible
City drops charges against pastor as sides negotiate over Ohio church’s 24/7 ministry
Why do women look for freelance, gig jobs? Avoiding the 'old boys network' at the office.
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
Military names 5 Marines killed in helicopter crash in California mountains. All were in their 20s.
An Ohio city settles with a truck driver and a former K-9 officer involved in July attack
Paris 2024 Olympics medals unveiled, each with a little piece of the Eiffel Tower right in the middle