NASCAR plans to sell charter tied to 23XI Racing, FRM lawsuit
Oct 27, 2024; Homestead, Florida, USA; 23XI team owner Michael Jordan watches during the Straight Talk Wireless 400 at Homestead-Miami Speedway. Mandatory Credit: Jasen Vinlove-Imagn Images NASCAR appears ready to transfer ownership of one of the charters held by 23XI Racing and Front Row Motorsports, who lost their charters following their antitrust lawsuit against NASCAR.
As part of ongoing litigation requirements, NASCAR's Sanctioning Body filed a legal notice that it plans to issue a charter to a new entity, the identity of which was redacted, if a district court judge does not rule against the proposed agreement.
A district court judge had previously ruled that NASCAR could not move the charters until a decision has been rendered from a hearing scheduled for Thursday in Charlotte, N.C., and that NASCAR must notify all involved parties should they reach an agreement to transfer either of the disputed charters.
23XI Racing -- whose owners include Michael Jordan and NASCAR driver Denny Hamlin -- and Front Row Motorsports refused to sign a take-it-or-leave-it charter agreement NASCAR presented last September, while the other 13 organizations in the Cup Series proceeded to sign.
The two holdouts filed an antitrust lawsuit against NASCAR the following month and have been going back and forth in court since.
--Field Level Media
- Tuesday MLB Best Bets: June 9th Pitcher Props Worth Targeting
- NBA Finals Game 2 Betting Picks and Predictions Spurs vs. Knicks
- MLB Picks Today: Two Sunday Bets Worth Backing
- MLB Predictions and Best Bets for Saturday's Biggest Games
- UFC Vegas 118 Betting Picks: Three Fights to Target on Saturday Night
- MLB Picks Today: Two Pitchers Set Up To Fall Short On Outs Props
- MLB Pitcher Props Today: Best Bets for June 3rd
