NASCAR Chairman Jim France has testified in Michael Jordan’s federal antitrust lawsuit against his family that he still has not changed his mind on granting teams permanent charters. Evidence introduced on Tuesday showed that France entered negotiations on a new revenue-sharing agreement determined to thwart teams’ efforts for a bigger piece of the stock car series’ revenue. Jordan’s 23XI Racing and Front Row Motorsports have accused NASCAR of being a monopolistic bully that engages in anticompetitive business practices. Also Tuesday, Hall of Fame team owner Richard Childress testified that he only signed a 2025 revenue-sharing agreement because he didn't want to put his team out of business.
From
To
Front Row Motorsports owner Bob Jenkins has testified in a federal antitrust case against NASCAR. He claims he was pressured into signing a new charter agreement with a tight deadline. Jenkins, along with 23XI Motorsports, is suing NASCAR, alleging the charter system is monopolistic. The agreement, which took effect this year, ended lengthy negotiations but fell short of team requests. Jenkins argues the deal is unfavorable and feels NASCAR is acting like a monopoly. NASCAR denies wrongdoing, stating the charter system created significant market value. The trial is expected to last two weeks.