Settlement reached in NASCAR antitrust lawsuit

[ASFN Admin]

Michael Jordan’s attorney said after a 90-minute recess Thursday morning, a settlement has been reached in a federal antitrust lawsuit against NASCAR, which highlights the deep family ties in motorsports.

TRIAL COVERAGE: NASCAR chairman Jim France stands firm on charter stance, citing parents’ advice

In a Charlotte federal courtroom, witnesses have shared emotional connections to NASCAR, starting with Denny Hamlin, who recalled his father’s sacrifices to help him race. Jordan himself grew up attending NASCAR races with his father, leading to his partnership with Hamlin in 23XI Racing. Other teams, like Joe Gibbs Racing and Richard Childress Racing, also emphasize family legacies. NASCAR, founded by Bill France Sr. in 1948, remains family-owned. The trial has revealed tensions over the 2025 revenue-sharing agreement, with teams wanting permanent charters. NASCAR’s defense is expected to conclude Friday.

MORE TRIAL COVERAGE:

• Richard Childress testifies NASCAR made it impossible for him to not sign revenue model
• Economist says NASCAR owes $364.7M to teams in antitrust case
• Michael Jordan testifies in NASCAR antitrust trial, says he had no choice but to sue
• NASCAR President testifies France family was opposed to new revenue model
• NASCAR executive returns to the stand in high-stakes antitrust trial
• Denny Hamlin testifies that signing NASCAR’s charter deal would have been a ‘death certificate’
• NASCAR antitrust trial opens with Michael Jordan on hand and huge stakes

This is a developing story. Check back with wsoctv.com and watch Eyewitness News for updates.

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