23XI Racing Files Antitrust Lawsuit Against NASCAR

Michael Jordan's 23XI Racing, co-owned with Denny Hamlin, has filed an antitrust lawsuit against NASCAR, accusing the organization of monopolistic practices that stifle competition. Alongside Front Row Motorsports, they argue that NASCAR's charter system and exclusive agreements unfairly bind teams to the series and its suppliers while enriching the France family, who have long controlled NASCAR. The lawsuit follows contentious negotiations over the new charter agreement, which other teams accepted under duress, believing they did not receive fair compensation. Jordan and Hamlin contend that the existing structure is detrimental to teams, drivers, and fans, and they are seeking a preliminary injunction to compete under the new charter terms in 2025. The legal team, led by prominent antitrust attorney Jeffrey Kessler, aims to expose NASCAR's exclusionary practices and seek damages for these anti-competitive terms. This legal challenge underscores growing tensions within NASCAR's competitive landscape as it approaches the new season.