NASCAR Antitrust Case

Michael Jordan testified Dec. 5 that he felt compelled to challenge NASCAR’s charter system, saying 23XI refused the Sept. 2024 charter extensions because they were not economically viable, included a no‑sue clause and were presented as an ultimatum; Jordan said he owns 60% of 23XI, has invested $35–$40 million and — persuaded by Denny Hamlin — bought a third charter in late 2024 for $28 million despite the uncertainty. Heather Gibbs testified teams had only six hours to sign the 112‑page extension, calling it “like a gun to your head,” and plaintiffs 23XI and Front Row (whose owner Bob Jenkins says he hasn’t turned a profit since the early 2000s and has lost about $100 million) argue NASCAR’s revenue split shortchanges teams compared with leagues like the NBA.