• Economy
  • Investing
  • Politics
  • Sports
  • Editor’s Pick
Market Gains Updates
Sports

NASCAR countersues Michael Jordan’s racing team. Key takeaways

by March 5, 2025
by March 5, 2025

NASCAR sued 23XI Racing and Front Row Motorsports, stating in court documents that the two companies “willfully” violated antitrust laws by essentially trying to ‘blow up’ the Charter system to obtain their financial goals.

Teams that have charters are guaranteed 36 spots each race weekend.

The lawsuit, filed Wednesday in the Western District of North Carolina and obtained by USA TODAY Sports, also names Curtis Polk, who is Jordan’s agent, as a defendant. 23XI Racing is co-owned by Jordan, Polk and driver Denny Hamlin. Front Row is owned by Bob Jenkins, who made his fortune as a restaurant franchisee.

The countersuit from stock car racing’s biggest division follows 23XI Racing and Front Row Motorsports, suing NASCAR in October, calling them ‘monopolistic bullies,’ 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 recent charter agreement was presented to teams in September, just days before the start of the NASCAR playoffs. 23XI and Front Row Motorsports were the only two teams who did not sign it.

Takeaways from new lawsuit involving Jordan, Front Row and NASCAR

  • In the lawsuit, NASCAR said the two teams ‘willfully violated the antitrust laws by orchestrating anticompetitive collective conduct in connection with the terms of the 2025 Charter Agreements, alleging that the two teams are unhappy with the commercial terms of the current deal

“This is not the first time that 23XI and FRM have sought to impose their viewpoints, and those of their counsel, on the racing teams writ large,” the lawsuit said. “And it is truly ironic that in trying to blow-up the Charter system, 23XI and FRM have sought to weaponize the antitrust laws to achieve their goals.”

  • NASCAR says that Polk conspired to undermine business through shady negotiating and that his schemes date back to June 2022, alleging Polk violated the Sherman Antitrust Act, which outlaws monopolistic business practices. The organization also said that Polk made boycott threats when it came time to negotiate the new charters, likening his team to an ‘illegal cartel, who used ‘active threats and coercive behavior,’ to maintain their status.

‘Curtis Polk knowingly and actively orchestrated and participated in this illegal conspiracy, while working as a member of the TNC on behalf of the (Race Team Alliance) and aiding 23XI’s and Front Row’s participation in the scheme, also constituting a violation of Section 1 of the Sherman Act, 15 U.S.C. § 1,’ the lawsuit said.

This post appeared first on USA TODAY
0 comment
0
FacebookTwitterPinterestEmail

previous post
Inside Texas women’s basketball journey to national title contender
next post
How Jamaican soccer champs feel about playing Messi, Inter Miami

You may also like

Winless in their black helmets, Saints reveal new...

July 9, 2025

Is Kylian Mbappé starting today? Real Madrid star...

July 9, 2025

Chiefs owner’s 9-year-old relative killed in Texas flooding

July 9, 2025

Who will make the CFP? College Football 26...

July 9, 2025

NBA names replacement for Joe Dumars as executive...

July 9, 2025

Big 12 media days highlights: Deion Sanders headlines...

July 9, 2025

Sinner dismisses Ben Shelton to earn spot in...

July 9, 2025

NFL uniforms ranked: Where do new-look Commanders, Saints...

July 9, 2025

MLB All-Star Game rosters: Check out the full...

July 9, 2025

Tour de France Stage 5 results: Reigning world...

July 9, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Top News

    Amazon extends Prime Day discounts to 4 days...

    July 9, 2025

    Boeing delivers most airplanes since late 2023 after...

    July 9, 2025

    Waymo offers teen accounts for driverless rides

    July 8, 2025

    Is a Chinese chain’s blood orange cold brew...

    July 7, 2025

    Is a Chinese chain’s blood orange cold brew...

    July 7, 2025

    • About us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2025 MarketGainsUpdates.com All Rights Reserved.

    Market Gains Updates
    • Economy
    • Investing
    • Politics
    • Sports
    • Editor’s Pick