Current:Home > Invest23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR -FundGuru
23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR
Johnathan Walker View
Date:2025-04-09 19:08:01
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! (55663)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Iowa Republicans will use an app to transmit caucus results. Sound familiar?
- Quaker Oats recall list: See the dozens of products being recalled for salmonella concerns
- Mid-East conflict escalation, two indicators
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Two TCU women's basketball games canceled for 'health and safety' of players
- Lorne Michaels says Tina Fey could easily replace him at Saturday Night Live
- Tina Fey talks best new 'Mean Girls' jokes, 'crazy' ways that '30 Rock' mirrors real life
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- China and Ireland seek stronger ties during Chinese Premier Li Qiang’s visit
Ranking
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Kate Middleton Hospitalized After Undergoing Abdominal Surgery
- Could lab-grown rhino horns stop poaching? Why we may never know
- Overdraft fees would drop to as little as $3 under Biden proposal
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Mila De Jesus' Husband Breaks Silence After Influencer’s Death
- BP names current interim boss as permanent CEO to replace predecessor who quit over personal conduct
- Kylie Jenner's New Pink Hair Is Proof She's Back in Her King Kylie Era
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Two TCU women's basketball games canceled for 'health and safety' of players
Senate rejects Bernie Sanders' bid to probe Israel over Gaza human rights concerns
Costco tests new scanners to crack down on membership sharing
The Best Stocking Stuffers Under $25
Nella Domenici, daughter of late US senator from New Mexico, launches her own bid for a seat
Kate Middleton Hospitalized After Undergoing Abdominal Surgery
5 people killed by tractor trailer after leaving vehicles on snowy Pennsylvania highway