Current:Home > Stocks23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR -Ascend Wealth Education
23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR
View
Date:2025-04-13 07:38:09
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! (464)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Liberal blogger granted press credentials in Iowa House days after filing lawsuit
- Online retailer eBay is cutting 1,000 jobs. It’s the latest tech company to reduce its workforce
- Torrential rain, flash flooding sweep through San Diego: Photos capture destruction
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Jon Stewart will return to 'The Daily Show' as a weekly guest host
- Oregon jury awards $85 million to 9 victims of deadly 2020 wildfires
- Lily Gladstone makes Oscars history as first Native American to be nominated for best actress
- Don't let hackers fool you with a 'scam
- Torrential rain, flash flooding sweep through San Diego: Photos capture destruction
Ranking
- Former longtime South Carolina congressman John Spratt dies at 82
- U.S. strikes Iranian-backed militias in Iraq over wave of attacks on American forces
- Kia recalls over 100,000 vehicles for roof issue: Here's which models are affected
- Airman leaves home to tears of sadness but returns to tears of joy
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Russian transport plane crashes near Ukraine with 65 Ukrainian POWs on board
- Experiencing racism may physically change your brain
- Justice Department urges Supreme Court to maintain access to abortion pill, warning of harms to women
Recommendation
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
Environmentalists Rattled by Radioactive Risks of Toxic Coal Ash
Love Is Blind's Marshall Glaze Is Engaged to Chay Barnes
Biden sending senior West Wing aides Mike Donilon, Jennifer O'Malley Dillon to oversee 2024 reelection campaign
A South Texas lawmaker’s 15
Archaeologists unearth rare 14th-century armor near Swiss castle: Sensational find
Tom Holland Hypes Up Zendaya After Shutting Down Breakup Rumors
1000-Lb Sisters' Amy Slaton Breaks Down in Tears During Family Vacation