NBA legend Michael Jordan is taking NASCAR to court over its business practices. In a highly anticipated appearance, Jordan testified that the sport's governing body, NASCAR, has been engaging in anticompetitive behavior, effectively stifling innovation and creating an uneven playing field for teams.
Jordan, who co-owns 23XI Racing alongside Denny Hamlin, said he decided to sue after discovering that the team was given an ultimatum: sign a 112-page extension or forfeit its charter. The team refused, citing concerns over the economic viability of the deal and allegations that NASCAR had engaged in antitrust violations.
The stakes are high for Jordan and his co-owner Hamlin, who have invested millions into their team. In contrast, rival owner Bob Jenkins has reportedly lost hundreds of millions of dollars since launching his own team. The drama surrounding charter signings and revenue guarantees is a major point of contention between the teams and NASCAR officials.
Jordan expressed frustration with the lack of open-mindedness on the part of NASCAR, stating that there was "no room for conversation" when it came to changing the charter system. He also noted that he owns 60% of 23XI and has invested significant resources into the team.
The trial is set to hear allegations that NASCAR is a monopolistic bully, using its dominance to stifle competition and limit opportunities for teams. Jordan's actions mark a bold move by a sports icon who is not afraid to speak out against what he sees as unfair business practices.
Jordan, who co-owns 23XI Racing alongside Denny Hamlin, said he decided to sue after discovering that the team was given an ultimatum: sign a 112-page extension or forfeit its charter. The team refused, citing concerns over the economic viability of the deal and allegations that NASCAR had engaged in antitrust violations.
The stakes are high for Jordan and his co-owner Hamlin, who have invested millions into their team. In contrast, rival owner Bob Jenkins has reportedly lost hundreds of millions of dollars since launching his own team. The drama surrounding charter signings and revenue guarantees is a major point of contention between the teams and NASCAR officials.
Jordan expressed frustration with the lack of open-mindedness on the part of NASCAR, stating that there was "no room for conversation" when it came to changing the charter system. He also noted that he owns 60% of 23XI and has invested significant resources into the team.
The trial is set to hear allegations that NASCAR is a monopolistic bully, using its dominance to stifle competition and limit opportunities for teams. Jordan's actions mark a bold move by a sports icon who is not afraid to speak out against what he sees as unfair business practices.
I think MJ is totally right 
about NASCAR's shady deals 
. Like, who doesn't love some friendly competition on the track 
? But when it comes to antitrust violations 
and stifling innovation 
, that's just not cool 
. The fact that teams have to sign these massive contracts or forfeit their charter is straight-up unfair 
.
! Denny Hamlin and MJ are killing it on and off the track 
. Meanwhile, rival owner Bob Jenkins is losing big time 
- that's not fair to him or his team either.
, though! It'll be interesting to see how this trial plays out 
. Can we expect more changes in NASCAR soon? 
And what really gets me is that Bob Jenkins lost hundreds of millions because he tried to play by the rules. The idea of "no room for conversation" when it comes to changing the charter system is just laughable 
. Jordan might be a legend in basketball, but he's not afraid to step up and fight for what's right. And honestly, who can blame him? 
, this is getting good... so Michael Jordan is taking on NASCAR over anticompetitive behavior? That's wild 
. I mean, I'm all for teams having some backbone, but 23XI Racing just went and threatened to forfeit their charter if they didn't get a sweet deal from NASCAR? 
. The fact that Jordan owns 60% of the team and has sunk millions into it just makes me wonder what he's really after here... is this just about winning the case, or is there more to it? 
Either way, it's gonna be a wild ride in the NASCAR world, that's for sure 
Maybe MJ can bring some much-needed change to the sport. Only time will tell, but I got my fingers crossed for 23XI 
.
this cant be right!!! michael jordan aka the GOAT is takin nascar to court 
anyway, idk wut i think lol but i defo got a bad feeling about this trial 
. I mean, the guy's made billions playing hoops and now he's trying to take down one of the biggest sports organizations in the US? That's some serious clout 
. And 23XI Racing refusing to sign that extension? I'd do the same in a heartbeat 
.
.
! I mean, who wouldn't want to take on NASCAR over anticompetitive behavior? It's like they're saying "Hey, we're the big dog here and you can either play by our rules or get left behind." And let's be real, Jordan has every right to speak out - he's invested millions into his team and wants to see change.
.
. But is it all worth it? The stakes are pretty high for him and his co-owner Hamlin, but I'm not sure if this is just a publicity stunt or actually gonna change things.
hopefully the court will listen and make some real changes that benefit everyone involved in the sport
the whole charter thing does seem super unfair. like, can't NASCAR just be more open about their plans and let teams decide for themselves? instead of giving them an ultimatum it's just gonna lead to more drama and maybe even some lawsuits 
. I'm not surprised that Jordan is speaking out, he's always been a competitive person and has shown he's not afraid to take risks in the past 
. Jordan is definitely a legend who isn't afraid to stand up for what he believes in 
.
! Will we see some real change come out of this?
.
.