INSIDER
Attorneys for 12 of NASCAR’s 15 race teams told a federal judge that disclosing their financial records to the stock car series would be “catastrophic” to competitive balance.
A federal judge is urging NASCAR and two of its teams to settle their increasingly acrimonious legal fight that spilled over into tense arguments during a hearing this week.
A three-judge federal appellate panel indicated it they might overturn an injunction that allows 23XI Racing and Front Row Motorsports to race as chartered teams in NASCAR this season while the two teams sue the stock car series over alleged antitrust violations.
The two teams suing NASCAR over antitrust allegations said Wednesday in a filing that a countersuit against 23XI Racing, Front Row Motorsports and Michael Jordan’s manager is “an act of desperation” and asked that it be dismissed.
NASCAR has filed a counterclaim against Michael Jordan-owned 23XI Racing and Front Row Motorsports alleging they “willfully” violated antitrust laws in connection with the most recent charter agreements.
A federal judge has denied NASCAR’s motions to dismiss an antitrust lawsuit filed against the stock car series.
A new court filing says NASCAR rejected Front Row Motorsports’ agreement to purchase a charter from Stewart-Haas Racing unless the team and 23XI Racing dropped their federal antitrust lawsuit against the stock car series.
The two teams suing NASCAR have asked for a court order to compete under the 2025 charter agreement as their antitrust case moves through federal court.
23XI Racing says it skipped a deadline to sign a new charter agreement with NASCAR because “it did not have an opportunity to fairly bargain” for a new contract.
NASCAR teams have hired one of the country’s top antitrust and sports lawyers to advise them in their ongoing dispute with the family-owned stock car series over a new revenue-sharing model.
