NASCAR settles antitrust lawsuit involving Michael Jordan
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The trial might have concluded in a settlement Thursday. But the effects of this legal battle will endure in NASCAR’s world for a long time.
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.
NASCAR has reached a major settlement in the antitrust lawsuit brought by two of its race teams, including one co-owned by Michael Jordan. The NBA legend was the lead plaintiff in the suit, accusing NASCAR of being a “monopolistic bully.
When NASCAR returned the All-Star Race to North Wilkesboro Speedway in 2023, the move resonated immediately with fans, drivers, and teams. The response felt like a homecoming, and much of the public credit landed with Dale Earnhardt Jr.
CHARLOTTE, N.C. (AP) — The theme of family ties in motorsports was woven through Michael Jordan’s federal antitrust lawsuit against NASCAR, with witness after witness testifying to their emotional connections to the top motorsports series in the United States.
NASCAR Chairman Jim France had a stronger second day of testimony Wednesday as the final witness called by Michael Jordan’s side in the federal antitrust lawsuit against the racing series, explaining that advice from his late parents helped shape his stance against granting teams permanent charters in the new revenue-sharing model.
NASCAR began presenting its defense with Executive Vice President and Chief Racing Development Officer John Probst and a discussion of the thinking that led to the Next Gen race car.
Probst details patents, supplier oversight, and spending caps as NASCAR counters antitrust accusations from 23XI and Front Row.