Current:Home > Scams23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR-DB Wealth Institute B2 Reviews & Ratings
23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports sue NASCAR
how to verify account on lotradecoin View Date:2024-12-26 04:02:50
Two racing teams, 23XI Racing and Front Row Motorsports, sued NASCAR on Wednesday, accusing the organization of restraining fair competition and violating the Sherman Antitrust Act, preventing teams from competing "without accepting the anticompetitive terms" it dictates.
The suit was filed in the Western District of North Carolina and comes on the heels of a two-year battle between NASCAR and more than a dozen charter-holding organizations that compete in the top tier of stock car racing.
23XI Racing is co-owned by Basketball Hall-of-Famer Michael Jordan and driver Denny Hamlin.
"Everyone knows that I have always been a fierce competitor, and that will to win is what drives me and the entire 23XI team each and every week out on the track," Jordan said in a statement. "I love the sport of racing and the passion of our fans, but the way NASCAR is run today is unfair to teams, drivers, sponsors and fans. Today’s action shows I’m willing to fight for a competitive market where everyone wins."
23XI Racing and Front Row Motorsports claim the "France family and NASCAR are monopolistic bullies," according to the lawsuit obtained by USA TODAY Sports. "And bullies will continue to impose their will to hurt others until their targets stand up and refuse to be victims. That moment has now arrived."
NASCAR has not responded to USA TODAY Sports' request for a comment on the lawsuit.
"Unlike many major professional sports leagues like the NFL or the NBA, which are owned and operated by their teams, NASCAR has always been privately owned by the France family, including current CEO and Chairman, James France," the lawsuit says. "By exploiting its monopsony power over the racing teams, NASCAR has been able to impose anticompetitive terms as a condition of a team’s access to competitions."
Also, in the statement, the two racing teams say that NASCAR operates without transparency and has control of the sport that unfairly benefits the organization at the expense of owners, sponsors, drivers, and fans.
The lawsuit says that on Sept. 6, NASCAR presented a final, take-it-or-leave-it offer to the driving teams, telling them they had a deadline of 6 p.m. or risked not having a charter for next season.
The USA TODAY app gets you to the heart of the news — fast.Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.
veryGood! (36)
Related
- Police identify suspect in break-in of Trump campaign office in Virginia
- Hornets star LaMelo Ball sued for allegedly running over young fan's foot with car
- Strong winds topple stage at a campaign rally in northern Mexico, killing at least 9 people
- Reba McEntire invites Lainey Wilson to become an Opry member on 'The Voice' season finale
- 2025 COLA estimate dips with inflation, but high daily expenses still burn seniors
- Senate set to confirm 200th federal judge under Biden as Democrats surpass Trump’s pace
- Schumer plans Senate vote on birth control protections next month
- The USPS is repeatedly firing probationary workers who report injuries, feds claim
- Detroit judge orders sleepy teenage girl on field trip to be handcuffed, threatens jail
- Adult day services provide stimulation for older Americans, and respite for full-time caregivers
Ranking
- Social media celebrates Chick-Fil-A's Banana Pudding Milkshake: 'Can I go get in line now?'
- Jennifer Lopez’s Answer to Ben Affleck Breakup Question Will Leave Your Jaw on the Floor
- Arizona Senate advances proposed ballot measure to let local police make border-crossing arrests
- Biden's Chinese EV tariffs don't address national security concerns
- Rob Schneider seeks forgiveness from daughter Elle King after 'fat camp' claims
- Pacers coach Rick Carlisle takes blame for Game 1 loss: 'This loss is totally on me'
- By the numbers: There are now more daily marijuana users in the US than daily alcohol users
- The Try Guys is down another host as Eugene Lee Yang departs YouTube group
Recommendation
-
The president of Columbia University has resigned, effective immediately
-
US intelligence agencies’ embrace of generative AI is at once wary and urgent
-
Butter Yellow: Spring/Summer 2024's Hottest Hue to Illuminate Your Wardrobe & Home With Sunshine Vibes
-
Top Apple exec acknowledges shortcomings in effort to bring competition in iPhone app payments
-
Streamer stayed awake for 12 days straight to break a world record that doesn't exist
-
Jessica Biel Shares Rare Update on Her and Justin Timberlake's 9-Year-Old Son Silas
-
Stock market today: Asian shares are mixed, with China stocks down, after Wall St retreat
-
White House pushes tech industry to shut down market for sexually abusive AI deepfakes