NASCAR emerges from federal antitrust lawsuit bruised but ready for its 78th season
#NASCAR #Michael Jordan #Antitrust Lawsuit #France Family #23XI Racing #Charter System #Sports Business
📌 Key Takeaways
- Michael Jordan's 23XI Racing and Front Row Motorsports settled their federal antitrust lawsuit against NASCAR.
- The settlement followed eight days of intense testimony that scrutinized the France family’s management of the sport.
- The legal challenge focused on the restrictive nature of NASCAR’s charter system and revenue distribution.
- Ending the litigation allows NASCAR to enter its 78th season without ongoing legal disruptions.
📖 Full Retelling
🏷️ Themes
Sports Law, Business, Motorsports
📚 Related People & Topics
Michael Jordan
American basketball player and businessman (born 1963)
Michael Jeffrey Jordan (born February 17, 1963), also known by his initials MJ, is an American businessman and retired professional basketball player who is a minority owner of the Charlotte Hornets of the National Basketball Association (NBA). He played 15 seasons in the NBA between 1984 and 2003, ...
France family
U.S. motorsports family
The France family are an American family best known for their ownership of the National Association for Stock Car Auto Racing (NASCAR). NASCAR was founded by Bill France, Sr. in 1948 and to this day France family members own and operate NASCAR. Jim France, one of the sons of the founder, is the curr...
NASCAR
American automobile racing company
The National Association for Stock Car Auto Racing, LLC (NASCAR) is an American auto racing sanctioning and operating company that is best known for stock car racing. It is considered to be one of the top-ranked motorsports organizations in the world and is one of the largest spectator sports league...
📄 Original Source Content
The Michael Jordan-led federal antitrust lawsuit last year against NASCAR and its owners took a toll on the France family, which settled the case after eight days of harsh testimony