NASCAR Seeks Dismissal of Antitrust Lawsuit Filed by Teams Including Michael Jordan's 23XI - PRESS AI WORLD
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NASCAR Seeks Dismissal of Antitrust Lawsuit Filed by Teams Including Michael Jordan's 23XI

share-iconThursday, January 09 comment-icon1 week ago 8 views
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apnewsAPNEWS
NASCAR Seeks Dismissal of Antitrust Lawsuit Filed by Teams Including Michael Jordan's 23XI

Credited from: APNEWS

  • NASCAR has approached a federal judge to request the dismissal of an antitrust lawsuit filed by two teams, including 23XI Racing, co-owned by Michael Jordan.
  • The teams are seeking charter recognition, which would provide them guaranteed spots in races under the franchise system established in 2016.
  • U.S. District Judge Kenneth Bell indicated that the case would be trialed within the year, aiming for a December timeframe.
  • NASCAR also asked for bond postings from the teams to cover their fees in case they lose the lawsuit.
  • The hearing highlighted ongoing disputes regarding the charter system and team payouts, with underlying accusations of NASCAR's monopolistic practices.

For further details, visit the original article here.

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