NASCAR has settled an antitrust lawsuit brought by NBA legend Michael Jordan, agreeing to revise its disputed charter system.

Filed on antitrust grounds by Front Row Motorsports and Michael Jordan’s 23XI Racing, which the basketball legend owns alongside his business manager Curtis Polk and three-time Daytona 500 winner Denny Hamlin, the lawsuit alleged that NASCAR had been practicing a monopoly through its charter system – the elite motorsport’s version of the franchise model that guarantees the team’s “car a spot in the 40-car field for all 38 races, as well as a defined payout from the weekly purse,” per the Associated Press .

Front Row Motorsports and 23XI Racing were the only two teams out of 15 to refuse to sign NASCAR’s renewal of their charter agreement in late 2024, arguing t

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