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Michael Jordan Tells Jury NASCAR's Charter Deal Was an Unfair Ultimatum

His testimony highlighted claims that NASCAR's charter model suppresses bargaining power, leaving teams with an unsustainable revenue gap.

Overview

  • Jordan said 23XI refused the 2024 extension because it was not economically viable, included a no‑sue clause, and forced a six‑hour sign‑or‑lose decision.
  • Heather Gibbs described teams signing under duress after a last‑minute 112‑page offer and said pleas for permanent charters were dismissed.
  • Front Row owner Bob Jenkins testified to about $100 million in cumulative losses and per‑car costs near $20 million versus a $12.5 million charter guarantee.
  • Plaintiffs presented internal messages and contracts on track exclusivity and executive worries about “zero wins for the teams,” while NASCAR denied restraining trade and cited franchise value from free charters.
  • The Charlotte trial pressed on with heated questioning of NASCAR president Steve O’Donnell, accusations that chairman Jim France blocked concessions, and the two plaintiff teams competing as unchartered “Open” entries.