NASCAR Reaches Agreement in Antitrust Lawsuit with Michael Jordan, Secures Permanent Charters for All Teams

NASCAR has reached a settlement in its antitrust lawsuit, agreeing to provide permanent “evergreen” charters to 23XI Racing and Front Row Motorsports for all teams involved.

This resolution concludes a legal dispute initiated by 23XI Racing, co-owned by basketball legend Michael Jordan. The team had accused NASCAR of monopolistic practices that hindered competition within the racing circuit.

The implications of this settlement could significantly impact the structure of competitive racing, ensuring that these teams have long-term stability and greater opportunities on the track.