NASCAR Still Believes It Can Stop Michael Jordan and Others from Buying $50 Million in SHR Assets

In a significant legal development, 23XI Racing and Front Row Motorsports have been granted a preliminary injunction allowing them to compete as chartered teams in the 2025 NASCAR season. This decision comes amid an ongoing antitrust lawsuit against NASCAR, in which the teams allege monopolistic practices and seek a more equitable revenue-sharing model.

The injunction not only permits these teams to participate as chartered entities but also compels NASCAR to approve their purchases of additional charters from the now-defunct Stewart-Haas Racing (SHR). These acquisitions, estimated at a combined value of $50 million, are crucial for the expansion plans of both teams.

Despite this legal setback, NASCAR retains the option to appeal the court’s decision. Should the sanctioning body succeed in overturning the injunction, it could potentially block the charter transfers, thereby hindering the expansion efforts of 23XI Racing and Front Row Motorsports.

The antitrust lawsuit, initiated by 23XI Racing—co-owned by NBA legend Michael Jordan and driver Denny Hamlin—and Front Row Motorsports, challenges NASCAR’s control over revenue distribution and team participation. The teams argue that the current system restricts fair competition and limits financial opportunities for newer or smaller teams.

As the legal proceedings continue, the motorsports community is closely monitoring the situation. The outcome of this case could have far-reaching implications for NASCAR’s operational structure, team dynamics, and the overall competitive landscape of the sport.

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