CHARLOTTE, N.C. (AP) — The commissioner of NASCAR testified Tuesday in Michael Jordan's federal antitrust trial against the racing series to the frustrating two-plus years of negotiations on a new revenue sharing model with teams, noting that Jordan's financial advisor would not compromise on key issues.
Steve Phelps, who was president of NASCAR during the negotiations, said Jordan right-hand man Curtis Polk was the lead representative for the teams and held firm in their demand for increased revenue, permanent charters, a voice in governance and 1/3 of any new revenue streams.
The deal finally presented to the teams in September 2024 did not include permanent charters or a voice in governance, but NASCAR gave the teams a firm deadline to accept its final offer or forfeit their charter

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