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Michael Jordan Testifies in NASCAR Antitrust Case, Calling Charter Plan Unworkable

His hour-long appearance sharpened teams’ argument that the charter model leaves them without real bargaining power.

Overview

  • Jordan told jurors 23XI rejected NASCAR’s 112-page charter proposal as economically unviable, containing a no-sue clause and an unfair ultimatum.
  • He said veteran owners were long “brow-beaten” in talks and testified he felt he had little choice but to challenge the series in court.
  • Heather Gibbs testified teams were given six hours in September 2024 to sign the 2025–31 deal or risk losing charters, calling the pressure “like a gun to your head.”
  • Jordan disclosed he owns 60% of 23XI and has invested roughly $35–40 million, including a $28 million charter purchase in 2024 despite uncertainty.
  • The Charlotte trial continues with discovery disclosures and internal messages under scrutiny, and potential outcomes include damages and structural remedies.