NASCAR settles lawsuit with race teams, grants form of “evergreen” charters

23XI Front Row Motorsports NASCARCHARLOTTE, N.C.—Moments after Judge Kenneth D. Bell announced a settlement agreement and dismissed the jury Thursday in the case of “23XI Racing and Front Row Motorsports v. NASCAR,” the healing already had begun.

NASCAR president Steve O’Donnell was smiling as he slapped Michael Jordan on the back. The co-owner of 23XI, one of the plaintiffs in the case, smiled back and the two men—adversaries in the antitrust litigation just a day earlier—talked pleasantly for a moment.

(more…)

NASCAR settles lawsuit with race teams, grants form of “evergreen” charters Read More

NASCAR Settles Explosive Michael Jordan Lawsuit as Billionaire NBA Icon Speaks Out On Result

Correspondent Lou Modestino sends in this link to an article about NASCAR and the lawsuit, written by By ALEX RASKIN, US SPORTS NEWS EDITOR and ASSOCIATED PRESS for the Daily Mail website

Michael Jordan and his fellow plaintiffs suing NASCAR over alleged antitrust violations have reached a settlement with the racing circuit.

Jordan, his team 23XI co-owner Denny Hamlin and Front Row owner Bob Jenkings joined NASCAR Chairman Jim France as they stood together outside the courthouse pm Thursday in Charlotte. The group announced that charters — at the heart of NASCAR’s revenue model — will be made permanent for all Cup Series teams. Both 23XI and Front Row Motorsports, the two plaintiffs, will get theirs back after racing uncharted most of this past season.

Read the rest of Alex Raskin’s article here…

NASCAR Settles Explosive Michael Jordan Lawsuit as Billionaire NBA Icon Speaks Out On Result Read More