Michael Jordan testifies in his racing team's antitrust suit against NASCAR. Here's how it came to this [Los Angeles Times (CA)]
Premier, Inc. - Class A (PINC)
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Source: Los Angeles Times
Two racing teams refused to sign new NASCAR agreements, claiming the sanctioning body employs harmful monopolistic practices. If the teams prevail, NASCAR could be forced to sell assets, eliminate its charter system or grant permanent team charters. NBA legend Michael Jordan testified Friday in a Charlotte courtroom in an antitrust lawsuit challenging NASCAR's revenue-sharing model and charter system. — NBA legend Michael Jordan took the stand in a Charlotte, N.C., courtroom Friday afternoon during an antitrust lawsuit against NASCAR Jordan is a co-owner of one of the two racing teams that sued the motorsports behemoth and its chief executive officer, Jim France, over the company's revenue sharing model. The France family is the private owner of NASCAR. The lawsuit was filed Oct. 2, 2024, in the Western District of North Carolina by 23XI Racing — which is owned by Jordan, three-time Daytona 500 winner Denny Hamlin and Jordan's longtime business advisor Curtis Polk — and Front
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