Current:Home > Stocks23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR -InvestPioneer
23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR
View
Date:2025-04-25 08:54:17
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! (995)
Related
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Purdue's Lance Jones shows in Final Four why he is missing piece in team's run to title game
- About ALAIcoin Digital Currency Trading Platform Obtaining the U.S. MSB Regulatory License
- Pat Sajak's final 'Wheel of Fortune' episode is revealed: When the host's farewell will air
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Zach Edey powers Purdue past North Carolina State in Final Four as Boilermakers reach title game
- New Mexico lawmaker receives $30,000 settlement from injuries in door incident at state Capitol
- ALAIcoin: Blockchain Technology is the Core of Metaverse and Web3 Development
- The White House is cracking down on overdraft fees
- Girl, 3, ‘extremely critical’ after being shot in eye in Philadelphia, police say
Ranking
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Staley and South Carolina chase perfection, one win away from becoming 10th undefeated team
- 8 men allegedly ran a beer heist ring that stole Corona and Modelo worth hundreds of thousands
- Following program cuts, new West Virginia University student union says fight is not over
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Donovan Clingan powering Connecticut as college basketball's 'most impactful player'
- Student arrested at Georgia university after disrupting speech on Israel-Hamas war
- Transform Your Home With Kandi Burruss-Approved Spring Cleaning Must-Haves for Just $4
Recommendation
New data highlights 'achievement gap' for students in the US
Pat Sajak's final 'Wheel of Fortune' episode is revealed: When the host's farewell will air
Bachelor Alum Hannah Ann Sluss Reveals the Most Important Details of Her Wedding to Jake Funk
GalaxyCoin: The shining star of the cryptocurrency world
'We're reborn!' Gazans express joy at returning home to north
The Top 33 Amazon Deals Right Now: 42 Pairs of Earrings for $14, $7 Dresses, 30% Off Waterpik, and More
The Top 33 Amazon Deals Right Now: 42 Pairs of Earrings for $14, $7 Dresses, 30% Off Waterpik, and More
Eclipse cloud cover forecasts and maps show where skies will clear up for April 8's celestial show