A high-profile economist testified Monday that NASCAR should pay $215.8 million in damages to 23XI Racing and $148.9 million to Front Row Motorsports to account for its monopolistic behavior.
Dr. Edward A. Snyder, who served as the dean of Yale’s business school from 2011-19 and for 10 years before held the same position at the University of Chicago, shared his calculations as part of his extensive testimony on Day 6 of the trial pitting 23XI Racing — co-owned by Michael Jordan and NASCAR driver Denny Hamlin — and Front Row Motorsports against NASCAR.
They were the only two of the 15 teams competing in NASCAR that refused to sign the organization’s charter agreements last year, then they filed the antitrust lawsuit being heard in Charlotte, N.C.
Snyder, a frequent witness in such hig

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