15 h. ago Nascar settles antitrust lawsuit with Michael Jordan–backed team after bruising trial

Jordan says ‘today’s a good day’ as deal reachedTrial exposed hardline France stance on chartersNascar reached a settlement Thursday of the bruising antitrust lawsuit filed against the stock car series by two of its race teams, including one co-owned by NBA great Michael Jordan.“Today’s a good day,” Jordan said as he waited in the gallery for attorneys to announce the deal. Details were not immediately released. Continue reading...

Politics

3 d. ago Richard Childress to testify in NASCAR antitrust trial amid derogatory texts and revenue dispute

NASCAR is facing a federal antitrust lawsuit involving team owner Richard Childress

Politics

5 d. ago Why is Michael Jordan suing Nascar? The blockbuster antitrust trial, explained

The basketball legend claims Nascar holds too much power over who gets to race each week. Here’s why he took them to court and what could happen nextMichael Jordan took the stand on Friday in his landmark antitrust fight against Nascar, a case that could reshape how one of America’s biggest sports is run. Jordan’s team, 23XI Racing, and Front Row Motorsports say Nascar holds so much control over everything, from the tracks to the money to the rulebook, that teams have no real bargaining power. Nascar denies that and says the lawsuit threatens to blow up a system that has held the sport together for decades.The case has already pulled blunt internal messages into public view and laid bare long-running frustrations between teams and Nascar leadership. Denny Hamlin, Jordan’s co-owner, has said the trial will finally “hear the truth” about how the series “really operates”. Continue reading...

Transport

6 d. ago Michael Jordan tells court he ‘wasn’t afraid’ of Nascar in antitrust trial

Jordan testifies in Nascar antitrust caseSays he invested $40m into 23XI teamCriticizes charter system as unlawfulMichael Jeffrey Jordan, as he cordially introduced himself to the federal courtroom in Charlotte on Friday, admitted it was his competitive side and novelty within the sport that emboldened a push for 23XI Racing to “challenge” Nascar over what he perceived were violations of antitrust rules.Jordan shared financial and corporate details of his 23XI team and said he invested $40m of his own funds in the success of the Nascar Cup series team launched along with business partner Curtis Polk and longtime driver Denny Hamlin. Continue reading...

Events

6 d. ago Michael Jordan set to testify in NASCAR trial after suing racing giant

Michael Jordan and Joe Gibbs' daughter-in-law are expected to testify Friday in a federal antitrust case against NASCAR

Politics

7 d. ago NASCAR antitrust trial: Bob Jenkins testifies about $100M loss and 'insulting' charter deal

Front Row Motorsports owner Bob Jenkins has testified in an antitrust case against NASCAR, accusing it of monopolistic practices

Economics

1 week ago NASCAR antitrust trial opens with Michael Jordan on hand and huge stakes

The federal antitrust trial against NASCAR has opened with Michael Jordan in attendance

Politics