Particle.news
Download on the App Store

NASCAR Antitrust Trial Opens in Charlotte With Michael Jordan in Court

Jurors now consider whether NASCAR unlawfully used its monopoly in "premier stock car racing."

Overview

  • A jury of nine was seated for a two-week trial before U.S. District Judge Kenneth Bell, with opening statements beginning Monday in Charlotte.
  • Judge Bell barred both sides from using exhibits during openings and ordered 23XI co-owners Denny Hamlin and Curtis Polk sequestered until they testify.
  • Michael Jordan attended day one, and several potential jurors were dismissed after saying they could not be impartial because of him.
  • The court has already found NASCAR holds 100% share of the market for premier stock car racing; the jury now decides whether that power was used unlawfully, with the plaintiffs seeking more than $300 million and potential treble damages.
  • Possible outcomes range from structural changes to charters and supplier rules to 23XI and Front Row racing as open teams if NASCAR prevails, with discovery showing NASCAR’s roughly $100 million net income in 2024 as teams report losses.