NASCAR, Racing and 23XI
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Jordan's team, which he co-owns with driver Denny Hamlin, and Front Row Motorsports Inc. reached a deal with NASCAR on the ninth day of their federal trial. The financial agreement will not be publicly disclosed as part of the settlement terms.
After a year since 23XI Racing and Front Row Motorsports filed a federal lawsuit against NASCAR and its chairman, Jim France. The parties go to court:
NASCAR settles its year-long antitrust battle with 23XI and Front Row, ending a tense trial and securing stability for teams and the sport.
NASCAR, 23XI Racing, and Front Row Motorsports have reached a settlement in their antitrust lawsuit, ending a contentious dispute over the sport’s charter system and securing permanent “evergreen” charters for all Cup Series teams.
The terms we know, Michael Jordan's reaction, and more in the wake of Thursday's settlement between NASCAR and the two teams suing it.
“The hardest part about playing chicken is knowing when to flinch.” With that quote from actor Scott Glenn in “The Hunt for Red October” comes the next question: who blinked, NASCAR or the teams of 23XI and Front Row Motorsports?
9don MSN
Front Row Motorsports owner Bob Jenkins ‘hurt’ by NASCAR’s ‘take-it-or-leave-it’ charter offer
Jenkins testified Wednesday that NASCAR's offer for a new charter agreement came with a deadline of mere hours to sign the 112-page document.
In antitrust trial testimony, an economist testified that restrictions on tracks, teams, and Gen 7 technology prevent competition and depress team revenue.