From CNBC: 2024-10-02 09:06:59

NBA legend Michael Jordan and his NASCAR team, 23XI Racing, filed an antitrust lawsuit against NASCAR and CEO Jim France, citing unfair competition practices. The suit alleges that NASCAR operates without transparency, stifles competition, and unfairly benefits from exclusive racetracks and single-source suppliers. Team owners claim struggles to make profits while NASCAR recently signed a $7.7 billion media deal. Jordan aims to bring competitive fairness to the sport.



Read more at CNBC: Michael Jordan’s 23XI Racing team sues NASCAR and CEO Jim France