Current:Home > Finance23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR -Wealth Momentum Network
23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR
View
Date:2025-04-17 19:51:34
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! (781)
Related
- Travis Hunter, the 2
- Automakers hit ‘significant storm,’ as buyers reject lofty prices at time of huge capital outlays
- Netanyahu meets with Biden and Harris to narrow gaps on a Gaza war cease-fire deal
- Netanyahu meets with Biden and Harris to narrow gaps on a Gaza war cease-fire deal
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Polyamory, pregnancy and the truth about what happens when a baby enters the picture
- Senate committee votes to investigate Steward Health Care bankruptcy and subpoena its CEO
- Massachusetts governor signs bill cracking down on hard-to-trace ‘ghost guns’
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Transit and environmental advocates sue NY governor over decision to halt Manhattan congestion toll
Ranking
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Kamala Harris: A Baptist with a Jewish husband and a faith that traces back to MLK and Gandhi
- Michigan coach Sherrone Moore in no rush to name starting quarterback
- Missouri lawsuits allege abuse by priests, nuns; archdiocese leader in Omaha among those accused
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Why U.S. men's gymnastics team has best shot at an Olympic medal in more than a decade
- Remains identified of Wisconsin airman who died during World War II bombing mission over Germany
- Ralph Lauren unites U.S. Olympic team with custom outfits
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
10 to watch: USWNT star Naomi Girma represents best of America, on and off field
Newsom issues executive order for removal of homeless encampments in California
Commission chair says there’s no ‘single silver bullet’ to improving Georgia’s Medicaid program
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Ice Spice Details Hysterically Crying After Learning of Taylor Swift's Karma Collab Offer
Alicia Vikander Privately Welcomed Another Baby With Husband Michael Fassbender
Still no return date for Starliner as Butch Wilmore and Suni Williams remain in space