{"id":385,"date":"2024-10-03T12:30:28","date_gmt":"2024-10-03T12:30:28","guid":{"rendered":"https:\/\/theplayoffs.news\/en\/?p=385"},"modified":"2024-10-03T12:33:45","modified_gmt":"2024-10-03T12:33:45","slug":"michael-jordan-and-23xi-racing-team-sues-nascar-for-monopolistic-practices","status":"publish","type":"post","link":"https:\/\/theplayoffs.news\/en\/michael-jordan-and-23xi-racing-team-sues-nascar-for-monopolistic-practices\/","title":{"rendered":"Michael Jordan and 23XI Racing Team sues NASCAR for monopolistic practices"},"content":{"rendered":"<p>A racing team co-owned by NBA legend Michael Jordan has taken legal action against the National Association for Stock Car Auto Racing (NASCAR) and its CEO, Jim France.<\/p><p>Jordan&rsquo;s 23XI Racing and Front Row Motorsports initiated this lawsuit, part of a larger legal battle in the U.S. auto racing world. Both teams filed the case in the Western District of North Carolina at Charlotte&mdash;Jordan&rsquo;s base as a part-owner of the NBA&rsquo;s Charlotte Hornets.<\/p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Michael Jordan took basketball and the NBA and elevated it to new heights and changed the sport for the better, it&rsquo;s time he does the same with NASCAR &#128016; <a href=\"https:\/\/t.co\/JtMokgkv7F\" class=\"trk-cta-link\" data-cta-trk='{\"ctaType\":\"Link\",\"ctaSubType\":\"main\"}'>https:\/\/t.co\/JtMokgkv7F<\/a><\/p>&mdash; Francis (@BroSnouff) <a href=\"https:\/\/twitter.com\/BroSnouff\/status\/1841520520870699025?ref_src=twsrc%5Etfw\" class=\"trk-cta-link\" data-cta-trk='{\"ctaType\":\"Link\",\"ctaSubType\":\"main\"}'>October 2, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&ldquo;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,&rdquo;<\/em> Jordan said in a statement.<\/p>\n<\/blockquote><p>The legal team representing 23XI Racing, a team Jordan co-founded in 2020, and Front Row Motorsports, which has been racing since 2004, filed the case in a North Carolina federal court. Denny Hamlin, co-owner of 23XI and a driver with 54 Cup Series wins under his belt, also plays a key role in the team&rsquo;s operations.<\/p><h2 class=\"wp-block-heading\">Michael Jordan takes NASCAR to court<\/h2><p>In September, NASCAR proposed a new revenue-sharing model. Thirteen organizations signed the agreement, but many admitted they felt pressured or threatened to do so. However, 23XI Racing and Front Row Motorsports declined to sign the proposal and instead brought in antitrust attorney Jeffrey Kessler to represent them.<\/p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Michael Jordan&rsquo;s 23XI and a 2nd team sue NASCAR over revenue sharing model &#128064;<br><br>&ldquo;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,&rdquo; said Jordan. &ldquo;I love the sport of&hellip; <a href=\"https:\/\/t.co\/K47OXAuDnb\" class=\"trk-cta-link\" data-cta-trk='{\"ctaType\":\"Link\",\"ctaSubType\":\"main\"}'>pic.twitter.com\/K47OXAuDnb<\/a><\/p>&mdash; NBA Strife &#12484; (@strifeomg) <a href=\"https:\/\/twitter.com\/strifeomg\/status\/1841576136645779921?ref_src=twsrc%5Etfw\" class=\"trk-cta-link\" data-cta-trk='{\"ctaType\":\"Link\",\"ctaSubType\":\"main\"}'>October 2, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><p>In a public statement, 23XI Racing addressed their decision: <\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&ldquo;23XI decided to not meet a NASCAR-imposed deadline last night to sign Charter agreements for its two cars for 2025-2031. 23XI&rsquo;s position, as stated in a letter to NASCAR, is that we did not have an opportunity to fairly bargain for a new Charter contract. We notified NASCAR what issues needed to be addressed, in writing, at the deadline. We are interested in engaging in constructive discussions with NASCAR to address these issues and move forward in a way that comes to a fair resolution, while strengthening the sport we all love.&rdquo;<\/em><\/p>\n<\/blockquote><h2 class=\"wp-block-heading\">Dispute over NASCAR&rsquo;s practices<\/h2><p>According to the lawsuit and other reports, NASCAR had warned teams to sign within a short window before the playoffs or face losing their 2025 charter. All but 23XI Racing and Front Row Motorsports complied, with Hendrick Motorsports owner Rick Hendrick admitting he was <em>&ldquo;just tired&rdquo;<\/em> after months of negotiations.<\/p><p>In their joint statement, the teams pointed to <em>&ldquo;unfair terms&rdquo;<\/em> in both the 2016 and 2025 charters as the driving force behind their legal action. The lawsuit accused NASCAR of various anti-competitive practices, including:<\/p><ul class=\"wp-block-list\">\n<li>&ldquo;Buying a majority of the premier racetracks that are exclusive to NASCAR races<\/li>\n\n\n\n<li>&ldquo;Imposing exclusivity deals on NASCAR-sanctioned racetracks<\/li>\n\n\n\n<li>&ldquo;Acquiring Automobile Racing Club of America (ARCA), the only notable stock car racing series competitor<\/li>\n\n\n\n<li>&ldquo;Preventing teams from participating in any other stock car races, while also retaining ownership over Next Gen parts and cars<\/li>\n\n\n\n<li>&ldquo;Forcing teams to buy their parts from single-source suppliers chosen by NASCAR.&rdquo;<\/li>\n<\/ul><p>The lawsuit also highlighted that, out of the 19 team owners who signed the 2016 charter, only eight remain in the sport, while the France family has <em>&ldquo;profited handsomely,&rdquo;<\/em> benefiting from $23.1 billion in broadcasting deals over 24 years.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&ldquo;Everyone knows that I have always been a fierce competitor,&rdquo;<\/em> Jordan emphasized again in his statement. <em>&ldquo;That will to win is what drives me and the entire 23XI team each and every week out on the track. 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&rsquo;s action shows I&rsquo;m willing to fight for a competitive market where everyone wins.&rdquo;<\/em><\/p>\n<\/blockquote><h2 class=\"wp-block-heading\">Legal battle continues<\/h2><p>NASCAR, through the Associated Press, had no immediate comment due to the ongoing litigation. Although headquartered in Daytona Beach, Fla., NASCAR also has a significant presence in Charlotte, which the lawsuit cited as a reason for filing in North Carolina.<\/p><p>Front Row Motorsports, led by Bob Jenkins, and 23XI Racing seek a preliminary injunction to allow them to race under the new charter agreement while they pursue their antitrust claims.<\/p><figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/theplayoffs.news\/en\/wp-content\/uploads\/2024\/10\/USATSI_24135933-1024x683.jpg\" alt=\"\" class=\"wp-image-388\"><\/figure><p><em>&ldquo;I have been part of this racing community for 20 years and couldn&rsquo;t be more proud of the Front Row Motorsports team and our success. But the time has come for change,&rdquo;<\/em> Jenkins remarked. <em>&ldquo;We need a more competitive and fair system where teams, drivers, and sponsors can be rewarded for our collective investment by building long-term enterprise value, just like every other successful professional sports league.&rdquo;<\/em><\/p><h2 class=\"wp-block-heading\">About Michael Jordan&rsquo;s 23XI Racing<\/h2><p>23XI Racing, co-owned by NBA icon Michael Jordan and three-time Daytona 500 champion Denny Hamlin, competes in the NASCAR Cup Series, bringing a fresh energy to the track since its establishment in 2020.<\/p><p><strong>READ MORE:<\/strong> <a href=\"https:\/\/theplayoffs.news\/en\/karl-anthony-towns-joins-new-york-knicks-through-cba-loophole-leaving-behind-9-year-legacy-with-timberwolves\/\" class=\"trk-cta-link\" data-cta-trk='{\"ctaType\":\"Link\",\"ctaSubType\":\"main\"}'>Karl-Anthony Towns joins New York Knicks through CBA &lsquo;loophole,&rsquo; leaving behind 9-year legacy with Timberwolves<\/a><\/p><p><\/p><p>Picture Credit: Jasen Vinlove-USA TODAY Sports<\/p>\n<div class=\"mm-layout mm-layout-type-post mm-layout-slot4\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A racing team co-owned by NBA legend Michael Jordan has taken legal action against the National Association for Stock Car Auto Racing (NASCAR) and its CEO, Jim France. Jordan&rsquo;s 23XI Racing and Front Row Motorsports initiated this lawsuit, part of a larger legal battle in the U.S. auto racing world. Both teams filed the case [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_mux_skip_reasons":[],"footnotes":""},"categories":[4],"tags":[67],"class_list":["post-385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nba","tag-michael-jordan"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Michael Jordan and 23XI Racing Team sues NASCAR for monopolistic practices - The Playoffs<\/title>\n<meta name=\"description\" content=\"Michael Jordan, 23XI and Front Row Motorsports accuse NASCAR and the France family of anti-competitive practices, seeking fair competition.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theplayoffs.news\/en\/michael-jordan-and-23xi-racing-team-sues-nascar-for-monopolistic-practices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Michael Jordan and 23XI Racing Team sues NASCAR for monopolistic practices - 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