NASCAR Lawsuit: Major Boost for Michael Jordan & Co After Court Trashes NASCAR’s Chance to Earn $20 Million

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The ongoing legal dispute between NASCAR and 23XI/FRM has finally headed in a new direction. Both teams prioritized the preliminary injunction and were able to secure their chartered status for the 2025 season. They able to show irreparable harm and thus scored a major win in their pursuit of getting a fair charter agreement. But the ball was in NASCAR’s court as they had the last roll of the dice to appeal the injunction ruling.
Although the sanctioning body tried to deploy all the tricks they could to reverse this decision, the court has sided with the teams in the latest verdict. NASCAR’s request to appeal the injunction was denied, along with their plans to shell out $10 million each from 23XI Racing and FRM. NASCAR had asked to post a bond of $10 million on the team in case they prevailed in their efforts to reverse the injunction motion.
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But all their efforts were in vain, as the antitrust lawsuit will now transition to its next phase. U.S. District Court Judge Kenneth D. Bell was quoted saying this in a post shared by Jeff Gluck. “at least at this point in the litigation, NASCAR has failed to particularly establish how it (as distinguished from third parties) will be monetarily harmed, or in what amount, by having to pay Plaintiffs as chartered team.” However, the judge clarified that NASCAR could pursue damages if they prevailed in the antitrust case against the two teams.
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This is a developing story.

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