**Michael Jordan Files Lawsuit Against NASCAR Over Antitrust Concerns**
Key Takeaways:
- Michael Jordan has filed an antitrust lawsuit against NASCAR and Speedway Motorsports LLC.
- The lawsuit alleges anti-competitive practices that hinder new racing teams from access.
- Jordan co-owns 23XI Racing, a NASCAR Cup Series team he launched in 2020.
Charlotte, NC — NASCAR is trending after NBA legend Michael Jordan launched an antitrust lawsuit against the motorsport’s governing body and Speedway Motorsports LLC. The suit, filed by Jordan’s legal team on behalf of MJ Acquisition Corporation, accuses the organizations of collusion aimed at blocking competition from entering premier racing circuits—a significant development for the future structure of the sport.
Lawsuit Alleges Barriers for Independent Racing Teams
The legal complaint, filed in a federal court in North Carolina within the past 48 hours, claims that NASCAR and Speedway Motorsports have created a system that restricts access to top-tier races and tracks. Michael Jordan—who in 2020 co-founded 23XI Racing alongside NASCAR driver Denny Hamlin—argues that this structure gives preference to established organizations and stifles fair competition. The suit specifically challenges NASCAR’s ownership and leasing practices for racetracks and event access, alleging they breach federal antitrust laws by creating an exclusionary ecosystem.
Controversial Business Model at Center of Dispute
NASCAR operates under a charter system introduced in 2016, which requires teams to own charters—limited, tradeable licenses granting guaranteed race access. Critics argue the system benefits legacy teams and entrenched players. Michael Jordan’s legal challenge suggests this model unfairly limits market entry for new or minority-owned teams, disincentivizing innovation and diversity. Jordan’s team, 23XI Racing, has experienced challenges in scaling operations despite high-profile victories and sponsorships.
Potential Shakeup in Racing Industry Governance
If successful, the lawsuit could force NASCAR and Speedway Motorsports to revise longstanding gatekeeping mechanisms. That may open the door for more teams—particularly those backed by nontraditional or diverse ownership groups—to participate at the sport’s highest levels. The litigation also puts added pressure on NASCAR to demonstrate equitable treatment of all stakeholders at a time when it has aimed to expand its demographic and reach. NASCAR officials have yet to respond publicly to the lawsuit.
Frequently Asked Questions
Q: Why is nascar trending?
A: Because Michael Jordan filed an antitrust lawsuit alleging NASCAR’s business practices are anti-competitive.
Q: What happens next?
A: The case will proceed through federal court, and NASCAR’s legal team is expected to respond in the coming weeks.
#MichaelJordan
