Two NASCAR teams — one of them co-owned by Michael Jordan — filed a federal antitrust lawsuit against the stock car series and chairman Jim France on Wednesday, claiming the new charter system limits competition by unfairly binding teams to the series, its tracks and its suppliers.
Charlotte, North Carolina — On Wednesday, two NASCAR teams, one of which is co-owned by Michael Jordan, sued the stock car series and its chairman Jim France in a federal antitrust case, alleging that the new charter structure unfairly binds teams to the league, its tracks, and its suppliers, so.
Following two years of tense negotiations between the 15 charter-holding organizations in the Cup Series, the organization’s premier series, and the privately held National Association for Stock Car Auto Racing, 23XI Racing and Front Row Motorsports filed a lawsuit in Charlotte, North
13 groups signed NASCAR’s last offer, which is effectively a revenue-sharing plan, in early September. The majority of these organizations claimed to have been coerced or intimidated into signing.
