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NASCAR and Michael Jordan's Team Reach Settlement, Ending Antitrust Lawsuit

The antitrust lawsuit against NASCAR has ended peacefully! Michael Jordan's 23XI Racing and Front Row Motorsports have reached a settlement. Here are the details.

NASCAR and Michael Jordan's Team Reach Settlement, Ending Antitrust Lawsuit
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The antitrust lawsuit against NASCAR has ended peacefully! Michael Jordan's 23XI Racing and Front Row Motorsports have reached a settlement. Here are the details.... Selengkapnya

Liputan6.com, Jakarta - NASCAR, the leading auto racing organization in the United States, has finally reached a historic settlement agreement with its two racing teams, 23XI Racing and Front Row Motorsports.

This agreement officially ends an antitrust lawsuit that has dragged on for more than 15 months in federal court.

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The settlement was reached on December 11, 2025, after an eight-day trial in Charlotte, North Carolina.

The lawsuit, filed by 23XI Racing, co-owned by basketball legend Michael Jordan and driver Denny Hamlin, and Front Row Motorsports, accused NASCAR of monopolistic practices.

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NASCAR Antitrust Lawsuit Background

The antitrust lawsuit began in 2024, when 23XI Racing and Front Row Motorsports refused to sign a new charter agreement offered by NASCAR.

Of the 15 participating teams, 13 had agreed to the agreement in September 2024, but these two teams objected.

The main parties involved in this dispute are:

  • NASCAR as the organizing organization.
  • 23XI Racing, the team owned by Michael Jordan and Denny Hamlin.
  • Front Row Motorsports, the team owned by Bob Jenkins.

The main reason of their complaint was allegations of monopolistic practices and anti-competitive tactics employed by NASCAR, by arguing that the unfair terms of the agreement, particularly regarding revenue distribution and restrictions, could threaten their continued operation.

As a result of this objection, 23XI Racing and Front Row Motorsports competed without a charter for most of the 2025 season.

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Details of the Settlement Agreement

While the financial terms of the settlement are confidential, several key concessions have been revealed.

One key point is the return of charters for 23XI Racing and Front Row Motorsports, effective beginning in the 2026 season.

NASCAR will also issue amendments to existing charter holders, introducing updated terms.

"As a condition of the settlement agreement, NASCAR will issue an amendment to existing charter holders detailing the updated terms for signature, which will include a form of 'evergreen’ charters, subject to mutual agreement,'' the joint statement reads.

In addition, teams will retain one-third of the revenue generated from NASCAR's intellectual property (IP).

These terms will be renegotiated with each new media rights cycle, ensuring a more equitable revenue split in the future.

The "three-strikes" rule, which allows teams to challenge NASCAR decisions, will also return, but with a modification to "five-strikes."

Meegan Hollywood, an attorney with the law firm Shinder Cantor Lerner who specializes in antitrust cases, told USA TODAY Sports on Wednesday, December 10, that a settlement wouldn't be surprising.

The alternative would be to leave the outcome to a jury.

"It’s risky on both sides," Hollywood said.

 

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Statements of the Parties Involved

Michael Jordan, co-owner of 23XI Racing, stated that this lawsuit has been about progress from the beginning.

He believes that with a foundation to build equity and invest in the future, along with a stronger voice, they now have the opportunity to grow together and make the sport better for future generations.

Denny Hamlin, co-owner of 23XI Racing, added that this effort was worth it for a stronger and more sustainable future for everyone in the industry.

He emphasized that teams, drivers, and partners will now have the stability and opportunities they deserve.

NASCAR CEO and Chairman Jim France welcomed the agreement.

He stated that this settlement is a good fit for all parties and provides the flexibility and confidence to continue delivering unforgettable racing experiences for NASCAR fans.

Bob Jenkins, owner of Front Row Motorsports, also expressed his excitement, by saying that the new system will treat teams, drivers, and sponsors fairly and keep competition strong on NASCAR racetracks.