Current:Home > Markets23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR -MarketEdge
23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR
View
Date:2025-04-16 18:08:29
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! (493)
Related
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- 2023 was a tragic and bizarre year of wildfires. Will it mark a turning point?
- South Korean court orders 2 Japanese companies to compensate wartime Korean workers for forced labor
- Newly released video shows how police moved through UNLV campus in response to reports of shooting
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- At least 100 elephant deaths in Zimbabwe national park blamed on drought, climate change
- Looking for stock picks in 2024? These three tech stocks could bring the best returns.
- Arizona lawmaker Athena Salman resigning at year’s end, says she will join an abortion rights group
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Methamphetamine, fentanyl drive record homeless deaths in Portland, Oregon, annual report finds
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- After 2 grisly killings, a small Nebraska community wonders if any place is really safe
- ‘Fat Leonard,’ a fugitive now facing extradition, was behind one of US military’s biggest scandals
- Boston mayor apologizes for city's handling of 1989 murder case based on 'false, racist claim'
- Sonya Massey's father decries possible release of former deputy charged with her death
- After 38 years on the job, Santa Luke still has time for everyone. Yes, you too
- A Kansas City-area man has pleaded not guilty to criminal charges over aviation exports to Russia
- Nick Cannon Honors Late Son Zen During Daughter Halo’s First Birthday With Alyssa Scott
Recommendation
Highlights from Trump’s interview with Time magazine
After 2 grisly killings, a small Nebraska community wonders if any place is really safe
How Carey Mulligan became Felicia Montealegre in ‘Maestro’
Andrew Haigh on the collapsing times and unhealed wounds of his ghost story ‘All of Us Strangers’
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
Justice Department sues Texas developer accused of luring Hispanic homebuyers into predatory loans
Demi Lovato’s Ex Max Ehrich Sets the Record Straight on Fake Posts After Her Engagement to Jutes
Joel Embiid powers the Philadelphia 76ers past the Minnesota Timberwolves 127-113