US EditionNASCAR Teams Urge Settlement as Trial Looms for Michael Jordan’s Antitrust Suit Against Series
NASCAR argues its charter system has created over $1.5 billion in team equity since 2016 while defending against claims of monopolistic practices.
- Last Friday, NASCAR gathered statements from ten chartered Cup Series teams to support a summary-judgment motion ahead of an Oct. 21 hearing.
- 23XI Racing and Front Row Motorsports sued alleging NASCAR's charter system is anticompetitive, seeking permanent charters sold on the open market for roughly $45 million.
- Top owners including Roger Penske, Rick Hendrick, Joe Gibbs and Richard Childress urged settlement while emphasizing charters' essential role in sustaining team livelihoods and viability.
- A court defeat could force 23XI Racing and Front Row Motorsports out of the series and trigger a dramatic overhaul of NASCAR's charter system, U.S. District Judge Kenneth Bell warned.
- For months the other 13 teams have privately warned the suit sows uncertainty and NASCAR plans motions seeking a judge other than Kenneth Bell and a ruling without a jury.
15 Articles
15 Articles
As trial date approaches in Michael Jordan's antitrust suit against NASCAR, other teams urge settlement
CHARLOTTE, N.C. — Michael Jordan stood on the steps outside a federal courthouse and acknowledged he was willing to settle an antitrust suit against NASCAR. The judge hearing the case months ago admonished both sides to come to a resolution. The biggest names in NASCAR — Roger Penske, Rick Hendrick, Joe Gibbs and Richard Childress — have called for a settlement.The likelihood of finding some sort of peace agreement seems slim, though. Just last …
Analysis | Teams urge settlement ahead of Jordan's antitrust suit against NASCAR
CHARLOTTE, N.C. — Michael Jordan stood on the steps outside a federal courthouse and acknowledged he was willing to settle an antitrust suit against NASCAR. The judge hearing the case months ago admonished both sides to come to a resolution.…
Associated Press News
NASCAR teams urge settlement as trial looms for Michael Jordan's antitrust suit against series
Michael Jordan has expressed willingness to settle an antitrust lawsuit against NASCAR. The case involves his team, 23XI Racing, and Front Row Motorsports.
As trial date approaches in Michael Jordan’s antitrust suit against NASCAR, other teams urge settlement
CHARLOTTE, N.C. — Michael Jordan stood on the steps outside a federal courthouse and acknowledged he was willing to settle an antitrust suit against NASCAR. The judge hearing the case months ago admonished both sides to come to a resolution. The biggest names in NASCAR — Roger Penske, Rick Hendrick, Joe Gibbs and Richard Childress — have called for a settlement. The likelihood of finding some sort of peace agreement seems slim, though. Just last…
Nascar gathers statements from Cup Series teams in bid to dismiss 23XI and Front Row lawsuit - BlackBook Motorsport
Team owners seek swift and amicable resolution to ongoing litigation While supportive of Nascar, majority of team owners hint at desire for permanent charters Trackhouse, Spire, Kaulig and Haas did not supply statements Nascar has gathered statements from ten chartered Cup Series teams in its latest effort to convince a federal judge to rule in its favour ahead of its lawsuit with 23XI Racing and Front Row Motorsports (FRM) going to court. The l…
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