Michael Jordan's 23XI Racing and Front Row Motorsports are embroiled in a lawsuit with NASCAR, which saw explosive developments on Thursday, highlighting the potential severity of the legal proceedings.

The case is a joint federal antitrust lawsuit filed last October by 23XI Racing and Front Row Motorsports against NASCAR and its CEO and chairman, Jim France.

The two racing teams allege that NASCAR executed monopolistic practices.

Essentially, NASCAR employs a charter model, in which teams are guaranteed a spot in the Cup Series and get a revenue share, though the teams do not own the league; instead, it is privately owned.

The latest charter agreement was set to expire in 2024. NASCAR issued a proposal on September 6, 2023, and gave teams until midnight to sign it.

23XI Racing and Fr

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