Michael Jordan arrives in the Western District of North Carolina last Monday for the start of the antitrust trial between 23XI Racing and Front Row Motorsports against NASCAR, in Charlotte, N.C.

An economist testified in Michael Jordan’s federal antitrust trial against NASCAR that the racing series owes a combined US$364.7-million in damages to the two teams suing it over a revenue-sharing dispute.

Edward Snyder, a professor of economics who worked in the antitrust division of the U.S. Department of Justice and has testified in more than 30 cases, including “Deflategate” involving the NFL’s New England Patriots, testified on Monday. He gave three specific reasons NASCAR is a monopoly participating in anticompetitive business practices.

Using a complex formula applied to profits, a reduc

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