The NBA legend Tells Court He Felt No Fear of Nascar in Antitrust Trial
Michael Jeffrey Jordan, as he cordially introduced himself in a Charlotte court on Friday, admitted that his drive to win and status as a newcomer motivated his effort with 23XI Racing to confront Nascar over perceived violations of competition laws.
Team Investment and a Competitive Drive
The owner disclosed operational insights of his 23XI team, saying he invested $40m of his own funds into the Nascar Cup series team co-founded with partner Polk and driver Hamlin.
“Someone had to step forward,” Jordan stated during testimony. “I was a new person, I had no fear. I felt I could challenge Nascar as a whole. From my perspective, the sport required examination from a different view.”
The Core Dispute: Franchise System and Renewal Demands
The heart of the case involves the end of a 2016 agreement where Nascar granted each team a franchise. This system mirrors other professional sports with independent franchises, such as the Charlotte Hornets or the Carolina Panthers. This deal was due to end in 2024 when Nascar demanded teams renew their charters.
Jordan was on the witness stand for an hour and exited the courthouse to pandemonium, with fans and media clamoring for a glimpse or a picture of the global icon.
Leading the Legal Charge
23XI Racing is leading the full-court press along with another racing team for Nascar to change a operating model Jordan contended is breaking the law to keep two hands on the wheel.
At issue for Jordan and a fellow team representative, who testified before Jordan, are events from September 2024. Gibbs described a frantic and emotional six hours where the racing circuit informed teams they must sign a contract extension. The document spanned over a hundred pages outlining pay for chartered teams and a guaranteed entry in Nascar-sponsored races.
A Refusal to Sign
Jordan explained that his team and its ally decided their only feasible option was to decline to sign that extensive document and take the issue to court. All other teams signed the agreement.
Jordan and co-owner Denny Hamlin reached out to Nascar about potential amendments or negotiations. Nascar refused to engage, Jordan said.
The Bottom Line: Victory
Ultimately, the pushback against what he saw as a financially unsustainable model was mostly about the familiar goal for Jordan: Success.
“Hamlin persuaded me adding a third car boosted our odds of winning,” he testified, sharing that he bought a third charter late in 2024 for $28m despite the uncertainty. “So I took the plunge.”
Account from the Gibbs Family
Heather Gibbs detailed her push for indefinite franchises, which she said a formal letter to Nascar. She testified the pressure of the contract signing demand didn’t sit well.
According to her, the team founder first tried to call and talk Nascar out of forcing signatures, but CEO Jim France refused the appeal.
“Don’t do this to us,” Heather Gibbs said was the message to Nascar’s leadership. The response was, “If I wake up and I have 20 charters, I have 20. If there are 30, that’s the number.”