Michael Jordan's Racing Team Clinches Landmark Victory Over NASCAR

A landmark decision from a federal judge on Tuesday represented a crucial triumph for two racing teams, including one co-owned by Michael Jordan, amplifying the pressure on NASCAR to address the antitrust lawsuit brought by 23XI Racing and Front Row Motorsports. NASCAR Commissioner Steve Phelps remarked that the organization is “doing our utmost” to achieve a settlement, reflecting a change in the defendants' tone. U.S. District Judge Kenneth Bell supported 23XI—co-owned by Jordan and Daytona 500 champion Denny Hamlin—and Front Row in defining the “premier stock-car racing” market. He asserted that NASCAR holds sway over this market and dismissed the argument that teams could enter alternative series. Both teams assert that NASCAR's Cup Series is the exclusive buyer for premier stock car racing. Dr. Daniel Rascher reiterated that “premier stock car racing” is distinct from other motorsports. The case, which arose a year ago, pits 23XI and Front Row against NASCAR’s charter system. The upcoming trial is scheduled for December 1.