What is Michael Jordan's NASCAR team suing NASCAR over?

Michael Jordan's 23XI Racing is suing NASCAR for antitrust violations related to charter agreements and revenue sharing.

Why is NASCAR Chairman Jim France testifying in court?

Jim France is testifying as a key witness in the antitrust lawsuit brought by NASCAR teams, including 23XI Racing.

What are NASCAR charters and why are they disputed?

NASCAR charters guarantee a spot in races and financial terms; teams seek permanent charters, which NASCAR has resisted granting.

Home / Sports / NASCAR Trial: Jim France's 'We Will Win' Testimony

NASCAR Trial: Jim France's 'We Will Win' Testimony

10 Dec

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Summary

Jim France testified he has not changed stance on permanent charters.
Evidence shows France was opposed to permanent charters in negotiations.
NASCAR faces antitrust lawsuit from Michael Jordan's 23XI Racing.

NASCAR Trial: Jim France's 'We Will Win' Testimony

NASCAR Chairman Jim France concluded his testimony on Wednesday as the final witness for Michael Jordan's side in a federal antitrust lawsuit. France's testimony focused on his refusal to grant permanent charters, a key demand from teams seeking financial stability. Despite evidence indicating his firm opposition throughout negotiations, France maintained his stance, stating it had not changed.

The lawsuit, brought by 23XI Racing and Front Row Motorsports, alleges NASCAR violated antitrust laws by not agreeing to the teams' requested revenue-sharing model and governance terms. Evidence presented included communications showing France's determination to "win" negotiations, even when faced with personal appeals from legendary team owners.

If NASCAR loses, the judge could order significant changes, including the potential sale of the company or dismantling the charter system. The jury will decide on potential damages, with an economist testifying that NASCAR owes 23XI and Front Row $364.7 million.