December 1, 2025
23XI Racing, co-owned by Michael Jordan and Denny Hamlin, together with Entrance Row Motorsports (FRM), owned by Bob Jenkins, will meet their adversaries in court docket
23XI Racing, co-owned by Michael Jordan and Denny Hamlin, and Entrance Row Motorsports (FRM), owned by Bob Jenkins, filed an antitrust lawsuit towards NASCAR and CEO Jim France, and, after a failed mediation try, will lastly meet in court docket on Dec. 1.
The trial is about what the 2 groups view as a monopoly held by the race automobile group. They take situation with NASCAR controlling all facets of the enterprise, together with shopping for the racetracks that host its races and allegedly requiring groups to buy provides from single-source suppliers chosen by NASCAR. One other level of competition shouldn’t be permitting groups to take part in different inventory automobile races.
In October 2024, CNBC reported that the lawsuit alleged that NASCAR, together with its CEO, operates the enterprise with out transparency and in a approach that doesn’t profit group house owners, drivers, sponsors, companions, and followers.
“We’d like a extra aggressive and truthful system the place groups, drivers, and sponsors might be rewarded for our collective funding by constructing long-term enterprise worth, similar to each different profitable skilled sports activities league,” Jenkins acknowledged within the lawsuit.
A mediation came about Oct. 20 and 21, led by U.S. District Decide Kenneth Bell and Jeffrey Mishkin, a former govt vice chairman and chief authorized officer of the NBA.
The 2 days of mediation centered on NASCAR’s bid to slender the scope of damages the 2 groups say they’re owed. The league accused 23XI and FRM of manipulating the opposite groups and conducting themselves with “traditional cartel conduct, in the end as a result of they acquired lower than they might have,” beneath the constitution extensions signed final yr.
The mediation supplied no aid or settlement between the events, organising the court docket date.
In line with The Related Press, the constitution system began in 2016 and is the league’s model of the franchise mannequin utilized by {most professional} sports activities leagues. Having the constitution ensures {that a} group has a spot within the 40-car subject for all 38 races all through the season, in addition to an outlined payout from the weekly purse. Nevertheless, the 2 plaintiffs have claimed that the income mannequin shouldn’t be viable, whereas the groups sought to have the charters develop into everlasting and obtain a bigger share of revenues and a voice in governance.
23XI and FRM refused to signal the present charters that the opposite groups signed off on.
Now, the 2 groups are looking for a big financial sum from NASCAR to cowl their authorized charges, the monetary losses suffered this yr from not being chartered, and the lawsuit.
Hamlin took to social media and is wanting ahead to the battle.
RELATED CONTENT:‘BE PRESIDENTIAL:’ Lengthy Island Man Sues Ex-Boss And Medical Middle For $100M Over Alleged Obama-Fueled Intercourse Extortion
About The Author
