NASCAR settles antitrust lawsuit involving Michael Jordan
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New terms of 'evergreen' NASCAR charter agreement leaked after settlement
The NASCAR antitrust lawsuit reached a resolution on Thursday after the sanctioning body agreed to provide all teams with 'evergreen' or 'permanent' charters.
CHARLOTTE, N.C. (AP) — The theme of family ties in motorsports was woven through Michael Jordan's federal antitrust lawsuit against NASCAR, with witness after witness testifying to their emotional connections to the top motorsports series in the United States.
Plaintiffs have rested their case in the NASCAR antitrust trial, accusing the organization of operating as a monopoly, while the defense argues that NASCAR has worked to reduce costs for teams and the sport itself.
"Wait until Junior says he's running in an event. Matter of time." More on this, plus some NASCAR financials and a trial timeline update.
NASCAR chairman and CEO Jim France explains why he enforced strict parity with the introduction of the Next Gen concept in 2022.