Michael Jordan brings NASCAR into the future
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NASCAR, 23XI Racing and Front Row Motorsports have reached a settlement in their federal antitrust case, ending the trial on its ninth day.
NASCAR has reached a major settlement in the antitrust lawsuit brought by two of its race teams, including one co-owned by Michael Jordan. The NBA legend was the lead plaintiff in the suit, accusing NASCAR of being a “monopolistic bully.
Plaintiffs have rested their case in the NASCAR antitrust trial, accusing the organization of operating as a monopoly, while the defense argues that NASCAR has worked to reduce costs for teams and the sport itself.
NASCAR Chairman Jim France has testified in a federal antitrust lawsuit involving Michael Jordan's racing team.
Phelps pushed back on the notion that NASCAR issued a "take-it-or-leave-it" charter offer during his turn on the witness stand Tuesday.
In antitrust trial testimony, an economist testified that restrictions on tracks, teams, and Gen 7 technology prevent competition and depress team revenue.
Rochester Hills native Brad Keselowski, 2010 Xfinity champion and 2012 Cup champion, sent out a tribute this week.
The trial at hand pits the sanctioning body of NASCAR against two teams that compete in its premier series, called the Cup Series. The two plaintiff Cup teams are 23XI Racing (owned by sports icon Michael Jordan and Cup superstar Denny Hamlin) and Front Row Motorsports (owned by entrepreneur Bob Jenkins).