Analyzing Michael Jordan’s 23XI Racing Antitrust Lawsuit Against NASCAR

By Gigi Wood The ongoing antitrust litigation involving 23XI Racing, co-owned by NBA legend Michael Jordan, and Front Row Motorsports against NASCAR illuminates significant concerns regarding the allegedly monopolistic practices within the stock car racing industry. This lawsuit emerges mostly from NASCAR's charter system, implemented in 2016, which guarantees entry for 36 teams into each Cup Series race and incorporates revenue-sharing agreements.[1] Critics argue that this system fosters a