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Michael Jordan took a public stance on the ongoing charter and revenue sharing negotiations between NASCAR and its teams, stressing the need for a better business model in stock car racing.
NASCAR is accusing 23XI Racing ... Jordan. A contentious two-year negotiation period on new charter agreements led to the lawsuit. Charters are NASCAR's equivalent of a franchise model.
NASCAR on Wednesday filed a counterclaim against Michael Jordan-owned 23XI Racing and Front Row Motorsports ... the France family that owns the stock car series are a monopoly.
Michael Jordan has certainly set himself up for success after the NBA. His various escapades post-retirement include a period of ownership over the Charlotte Hornets, his continued connection to ...