Michael Jordan

NASCAR has settled an antitrust lawsuit with two race teams, including one co-owned by Michael Jordan.

NASCAR Chairman Jim France has testified in the federal antitrust lawsuit filed by Michael Jordan's 23XI Racing and Front Row Motorsports.

The federal antitrust suit against NASCAR is moving slowly, frustrating U.S. District Judge Kenneth Bell. The trial began its second week Monday, with high-profile witnesses like NASCAR Commissioner Steve Phelps and team owner Richard Childress yet to testify.

A top NASCAR executive, Scott Prime, returns to the stand Wednesday in an antitrust case accusing NASCAR of monopolistic practices. The lawsuit, filed by 23XI Racing, owned by Michael Jordan and Denny Hamlin, and Front Row Motorsports, claims NASCAR's charter agreements are unfair.

Three-time Daytona 500 winner Denny Hamlin broke down in tears minutes into his testimony as the first witness called in a federal antitrust trial against NASCAR, which opened Monday. Hamlin’s 23XI Racing, which he co-owns with Michael Jordan, and Front Row Motorsports are suing NASCAR over allegations the Florida-based France family owns and operates the stock car racing series as a monopolistic bully that leaves its teams no option but to comply with rules and financing they don’t agree with.

The two race teams suing NASCAR over antitrust allegations filed for a temporary restraining order and preliminary injunction to be recognized as chartered organizations for the remainder of 2025. 23XI Racing and Front Row Motorsports are locked into a lengthy legal battle over the charter system, which is the equivalent of the franchise model in other sports.

A federal judge has denied a motion by two NASCAR teams — one owned by NBA Hall of Famer Michael Jordan — to be recognized as chartered teams as they proceed in an antitrust lawsuit against the stock car series and chairman Jim France.

Gabe Plotkin and Rick Schnall officially acquired the majority stake of the Hornets from six-time NBA champion Michael Jordan on Thursday, bringing new thoughts and ideas on how to rebuild a franchise that hasn't been to the playoffs in the last seven seasons.

Michael Jordan is finalizing a deal to sell the majority share of the Charlotte Hornets, a move that will end his 13-year run overseeing the organization, the team announced Friday.

The Charlotte Hornets aren’t expected to be big spenders in free agency this summer even if Michael Jordan sells the team.