Legal and Governance
Michael Jordan explains decision to sue NASCAR as tension-filled antitrust trial ends first week
CHARLOTTE, N.C. -- Michael Jordan took the stand for about an hour Friday at NASCAR’s high-stakes antitrust trial, saying he thought the governing charter system is unfair but admitting that he admires the France family’s history in the sport.
Jordan: ‘Someone had to step forward and challenge’ NASCAR
Basketball legend Michael Jordan testified for about an hour in a packed courtroom in Charlotte on Friday. Jordan co-owns 23XI with Denny Hamlin and is part of an antitrust lawsuit, along with Front Row Motorsports, against NASCAR.
JGR’s Heather Gibbs discusses financial model, frustration with NASCAR leadership during trial
After NASCAR President Steve O’Donnell wrapped up hours of testimony that stretched over two days in the sport’s antitrust trial, Joe Gibbs Racing co-owner Heather Gibbs took the witness stand today to discuss her team’s displeasure with charter negotiations. Gibbs was called as a witness by the two...
Banker: Leagues are more attractive investment targets than teams
An emerging sports investment banker said this week leagues are a more attractive investment proposition than teams, citing leagues’ dominant strategic role in driving revenue. “The value of the leagues has gone up, probably greater than the value of the teams,” said Gregg Lemkau, co-CEO of BDT &...
NASCAR’s O’Donnell testifies teams wanted new revenue model, but France was opposed
NASCAR President Steve O’Donnell testified today in the antitrust trial with 23XI Racing and Front Row Motorsports, saying that teams went to NASCAR “in early 2022 asking for an improved revenue model.” However, when Hendrick Motorsports Vice Chair Jeff Gordon asked if NASCAR was willing to do that,...
Front Row Motorsports’ Bob Jenkins takes the stand in NASCAR trial
Front Row Motorsports owner Bob Jenkins testified yesterday in the federal antitrust case against NASCAR that he was “honestly very hurt” by a “take-it-or-leave-it” offer on a new charter agreement that came with a deadline of mere hours to sign the 112-page document. Jenkins “has never turned a pro...
NASCAR’s strategy chief hits witness stand in antitrust trial
CHARLOTTE, N.C. -- A NASCAR executive who is typically behind the scenes was in the public eye for hours during the sport’s antitrust trial, as the two teams and sanctioning body battle to set the narrative about who is to blame for their bitter dispute.
NASCAR grills Hamlin during cross examination on second day of antitrust trial
CHARLOTTE, N.C. -- NASCAR grilled driver Denny Hamlin on cross examination Tuesday, with its lawyer portraying him as a businessman who was unhappy with good-faith negotiations and tried to warp that displeasure into an antitrust matter, but Hamlin dismissed NASCAR’s claim as “doing a little word tw...
NASCAR, teams spar on first day of antitrust trial
CHARLOTTE, N.C. -- NASCAR and the two teams suing it for alleged antitrust violations exchanged opening salvos yesterday to start their high-stakes trial, with both sides claiming that documents they have obtained from the other should vindicate them. The trial stemming from a lawsuit by 23XI Racing...
NASCAR, teams spar on first day of antitrust trial as both sides claim documents prove their case
CHARLOTTE, N.C. -- NASCAR and the two teams suing it for alleged antitrust violations exchanged opening salvos Monday to start their high-stakes trial, with both sides claiming that documents they have obtained from the other should vindicate them. The trial stemming from a lawsuit by 23XI Racing an...
Sponsored content
Quote of the Day
We've been pointing to this moment this weekend for as long as I've been involved, and certainly prior to that. So to have it be here and to have some certainty around at least the teams that will play here is a huge moment, and I think it’s a point where we can start getting excited about soccer.KC2026 CEO Pam Cramer, on the importance of the World Cup draw for local organizers.
PODCAST
SBJ TV
PROPERTIES
