Breaking News: NASCAR faces $5 million Ransom demand to Michael Jordan and……..

In a significant development within the NASCAR community, Michael Jordan’s 23XI Racing team, co-owned with driver Denny Hamlin, is embroiled in a legal dispute with NASCAR over the sport’s charter system. The crux of the issue lies in NASCAR’s new charter agreements, which 23XI Racing and Front Row Motorsports have refused to sign. These teams argue that the charter system imposes restrictive conditions that limit competition and violate antitrust laws. citeturn0news16

 

In response, NASCAR has filed a countersuit against 23XI Racing, Front Row Motorsports, and Curtis Polk, Michael Jordan’s longtime business manager. The lawsuit accuses them of forming an “illegal cartel” by organizing boycotts and interfering with NASCAR’s broadcast negotiations. NASCAR seeks triple damages and threatens to revoke guaranteed starting positions for the teams if they continue to challenge the charter agreements. citeturn0news14

 

This legal battle has intensified tensions between NASCAR and 23XI Racing. Michael Jordan has expressed that the situation is personal, emphasizing his commitment to defending his team’s interests. The trial is scheduled for December 2025, and its outcome will have significant implications for the future structure and competitiveness of NASCAR. citeturn0search0

 

 

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