Current:Home > Scams23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR -Edge Finance Strategies
23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR
View
Date:2025-04-27 22:54:49
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! (9767)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- See Megan Fox, Machine Gun Kelly, Brian Austin Green and Sharna Burgess' Blended Family Photos
- Stressing over Election Day? Try these apps and tools to calm your nerves
- Tennis Channel suspends reporter after comments on Barbora Krejcikova's appearance
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Katharine Hayhoe’s Post-Election Advice: Fight Fear, Embrace Hope and Work Together
- 'Gladiator 2' review: Yes, we are entertained again by outrageous sequel
- Video shows Starlink satellite that resembled fireball breaking up over the Southwest: Watch
- The Daily Money: Spending more on holiday travel?
- The Stanley x LoveShackFancy Collaboration That Sold Out in Minutes Is Back for Part 2—Don’t Miss Out!
Ranking
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Wind-whipped wildfire near Reno prompts evacuations but rain begins falling as crews arrive
- Father sought in Amber Alert killed by officer, daughter unharmed after police chase in Ohio
- Auburn surges, while Kansas remains No. 1 in the USA TODAY Sports men's basketball poll
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Video shows Starlink satellite that resembled fireball breaking up over the Southwest: Watch
- Sean Diddy Combs' Lawyers File New Motion for Bail, Claiming Evidence Depicts a Consensual Relationship
- Candidates line up for special elections to replace Virginia senators recently elected to US House
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Kate Spade Outlet’s Early Black Friday Sale – Get a $259 Bag for $59 & More Epic Deals Starting at $25
'Squid Game' creator lost '8 or 9' teeth making Season 1, explains Season 2 twist
Sean Diddy Combs' Lawyers File New Motion for Bail, Claiming Evidence Depicts a Consensual Relationship
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
Man killed by police in Minnesota was being sought in death of his pregnant wife
New wildfires burn in US Northeast while bigger blazes rage out West
Francesca Farago Details Health Complications That Led to Emergency C-Section of Twins