Bloomberg Business of Sports NASCAR, Michael Jordan’s Racing Team Settle Antitrust Suit
Join hosts Michael Barr, Damian Sassower, Vanessa Perdomo and special guest host Bloomberg US sports business reporter Randall Williams for a look at some of the latest headlines and stories in the business of sports.
NASCAR on Thursday settled an antitrust lawsuit brought by Michael Jordan’s racing team alleging that the organization holds a monopoly over premier stock car racing in the US and that its charter agreements are unlawful.
As a condition of the proposed deal, which came on the ninth day of a trial, NASCAR will amend the terms for existing charter holders, which will include a form of “evergreen” charters. Jordan’s team, 23XI Racing, and another plaintiff team, Front Row Motorsports Inc., will have chartered-team status for the 2026 season under the deal, according to a statement from the teams’ lead attorney, Jeffrey Kessler of Winston & Strawn LLP.
Chartered teams are guaranteed racing slots in NASCAR’s elite Cup Series. The parties declined to disclose financial terms of the deal.
On this episode, hear from:
- Bloomberg News US sports business reporter Randall Williams joins for a conversation with Martin Edel, co-chair of the sports law practice at Goulston & Storr and adjunct professor of law at Columbia University
- Bloomberg News US sports business reporter discusses a new, unique deal between private equity firm Otro Capital and the University of Utah
- Sports Business Journal NFL reporter Ben Fischer on SBJ's newly released Influence 125 - its annual list of the most influential figures in sports
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