NASCAR settles antitrust lawsuit involving Michael Jordan
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Jordan's team, which he co-owns with driver Denny Hamlin, and Front Row Motorsports Inc. reached a deal with NASCAR on the ninth day of their federal trial. The financial agreement will not be publicly disclosed as part of the settlement terms.
NASCAR, 23XI Racing and Front Row Motorsports have reached a settlement in their federal antitrust case, ending the trial on its ninth day.
The antitrust lawsuit against NASCAR by two of its racing teams — including one co-owned by NBA legend Michael Jordan — was settled Thursday, with permanent charters granted to all teams.
Michael Jordan’s race team will continue to compete in NASCAR after Thursday's settlement. Here's what to know.
That settlement is a new charter system called "evergreen charters", meaning teams are going to get permanent team charters, which was the main point of Jordan, driver Danny Hamlin and their team's lawsuit. Although the financial agreements between the two sides will not be publicly disclosed.
The terms we know, Michael Jordan's reaction, and more in the wake of Thursday's settlement between NASCAR and the two teams suing it.
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Bubba Wallace shares 2-word feelings on NASCAR's lawsuit settlement with Michael Jordan's 23XI Racing originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here. Bubba Wallace has chimed in.
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NASCAR has reached a settlement of the bruising antitrust lawsuit filed against it by two of its race teams, including one co-owned by NBA great Michael Jordan.