Current:Home > Markets23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR -DollarDynamic
23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR
View
Date:2025-04-17 17:54:33
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! (61111)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Who Are Madonna's 6 Kids: A Guide to the Singer's Big Family
- Michigan doctor charged with taking photos and videos of naked children and adults
- Coach Steve Kerr endorses Kamala Harris for President, tells Donald Trump 'night night'
- Former Syrian official arrested in California who oversaw prison charged with torture
- Democrats turn their roll call into a dance party with celebrities, state-specific songs and Lil Jon
- 5 takeaways from Day 3 of the DNC
- PHOTO COLLECTION: Election-2024- Robert F. Kennedy Jr.
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Why Princess Diaries' Heather Matarazzo Left Hollywood for Michigan
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Jason Kelce Details Heated Fist Fight With Travis Kelce for This Reason
- How Alex Cooper Knew Husband Matt Kaplan Was The One Amid Emotional Health Journey
- Ashanti Gives Birth, Welcomes First Baby With Nelly
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Young mother killed in gunfire during brawl at Alabama apartment complex, authorities say
- How Ben Affleck Hinted at Being Incompatible With Jennifer Lopez Months Before Split
- Kill Bill Star Michael Madsen Arrested on Domestic Battery Charge
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Hoda Kotb Shares Dating Experience That Made Her Stop Being a “Fixer”
India’s lunar lander finds signs a vast magma ocean may have once existed on the moon
Man pleads not guilty to killings of three Southern California women in 1977
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Military veteran pleads guilty to illegal possession of ricin
Starbucks teases return of Pumpkin Spice Latte on social media: When might it come out?
Georgia, Ohio State start at top of college football's NCAA Re-Rank 1-134