“I’AM LEAVING” Michael Jordan has announced that he is leaving the NASCAR due to…..
Michael Jordan, the esteemed basketball legend and co-owner of NASCAR’s 23XI Racing team, has announced his departure from NASCAR. This decision follows a series of disputes with NASCAR’s governing body, particularly concerning the new charter agreement introduced in late 2024. Jordan and his team declined to sign this agreement, citing concerns over its terms and the negotiation process, which they described as coercive and detrimental to their operational interests.
The crux of the disagreement lies in the charter system, which grants teams financial benefits and guaranteed race entries. Jordan’s 23XI Racing, along with Front Row Motorsports, challenged NASCAR’s authority over this system, alleging antitrust violations and monopolistic practices. Despite securing a preliminary injunction to compete as chartered teams in the 2025 season, the ongoing legal battles and the strain of managing these disputes have influenced Jordan’s decision to step away.
Additionally, Jordan’s extensive business commitments, including his involvement in various ventures such as the Jordan Brand and other entrepreneurial endeavors, have made it increasingly challenging to balance the demands of NASCAR team ownership. This departure underscores the complexities and pressures inherent in the sport’s business dynamics, even for high-profile figures like Michael Jordan.
