Current:Home > Stocks23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR -Secure Growth Academy
23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR
View
Date:2025-04-13 12:08:19
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! (89)
Related
- The Best Stocking Stuffers Under $25
- What's open New Year's Day 2024? Details on Walmart, Starbucks, restaurants, stores
- 2 dead after motorcycle crash ejects them off Virginia bridge: police
- Missile fired from Houthi-controlled Yemen strikes merchant vessel in Red Sea, Pentagon says
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- How Golden Bachelor's Gerry Turner and Theresa Nist Plan to Honor Late Spouses at Their Wedding
- A crash on a New York City parkway leaves 5 dead
- Hilary Swank Reflects on Birth of Her Angel Babies in Message on Gratitude
- Former longtime South Carolina congressman John Spratt dies at 82
- $842 million Powerball ticket sold in Michigan, 1st time the game has been won on New Year’s Day
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Rohingya refugees in Sri Lanka protest planned closure of U.N. office, fearing abandonment
- Thai prime minister says visa-free policy for Chinese visitors to be made permanent in March
- Elvis is in the building, along with fishmongers as part of a nautical scene for the Winter Classic
- Senate begins final push to expand Social Security benefits for millions of people
- Save Up to 50% on Hoka Sneakers and Step up Your Fitness Game for 2024
- Taylor Swift dethrones Elvis Presley as solo artist with most weeks atop Billboard 200 chart
- What restaurants are open New Year's Day 2024? Details on McDonald's, Starbucks, Chick-fil-A
Recommendation
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Remembering those lost on OceanGate's Titan submersible
Bachelor Nation's Kaitlyn Bristowe Denies Cheating on Jason Tartick After Being Spotted With Zac Clark
Members of Germany’s smallest governing party vote to stay in Scholz’s coalition, prompting relief
Trump invites nearly all federal workers to quit now, get paid through September
Threats to abortion access drive demand for abortion pills, analysis suggests
Ian Ziering details 'unsettling confrontation' with bikers on New Year's Eve that led to attack
Biden administration approves emergency weapons sale to Israel, bypassing Congress