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NASCAR files motion to dismiss lawsuit by Michael Jordan's 23XI Racing

NASCAR has filed a motion to dismiss a lawsuit brought by 23XI Racing, co-owned by NBA legend Michael Jordan and Denny Hamlin, which alleges that NASCAR's charter system is anticompetitive. The lawsuit claims that NASCAR's control over the number of charters limits competition and team growth, particularly affecting smaller teams like 23XI Racing. NASCAR argues that the charter system, which guarantees entry into races for teams, was designed to stabilize the sport and ensure its long-term viability. The motion to dismiss asserts that the claims made by 23XI Racing do not hold up under antitrust law, and NASCAR is seeking to have the case thrown out before it progresses further.

Read the Full Reuters Article at:
[ https://www.reuters.com/sports/nascar-files-motion-dismiss-lawsuit-by-michael-jordans-23xi-racing-2024-12-04/ ]