NASCAR NEWS: Michael Jordan Files to Terminates His Contact with NASCAR at the End of 2024 And Reason why…..
Michael Jordan, co-owner of 23XI Racing, has been embroiled in a legal dispute with NASCAR over its charter system and revenue-sharing model. In September 2024, Jordan’s team, along with Front Row Motorsports, declined to sign NASCAR’s proposed charter agreement, citing concerns over restrictive terms and lack of permanent charter status.
Subsequently, both teams filed an antitrust lawsuit against NASCAR, alleging monopolistic practices that hinder fair competition and financial viability for teams.
In November 2024, Jordan appeared in federal court in Charlotte, North Carolina, to address the lawsuit, seeking a preliminary injunction to allow his team to compete without agreeing to restrictive clauses.
A significant development occurred when U.S. District Court Judge Kenneth D. Bell granted a preliminary injunction in favor of 23XI Racing and Front Row Motorsports. This ruling permits both teams to participate as chartered teams in the 2025 NASCAR season while the antitrust lawsuit proceeds.
As of now, there is no verified information indicating that Michael Jordan has filed to terminate his contract with NASCAR at the end of 2024. The ongoing legal proceedings suggest that Jordan is seeking to reform NASCAR’s charter system rather than sever ties with the organization.
