• Loading stock data...
Friday, June 27, 2025

NASCAR Lawyer: ‘No Idea’ What MJ, 23XI Racing Think Is Fair Revenue

NASCAR has countersued Michael Jordan’s 23XI Racing team and Front Row Motorsports, which have alleged the sport’s leaders are “monopolistic bullies.”

Jasen Vinlove-Imagn Images

NASCAR revealed that the teams’ share of its media-rights revenue split has increased to 49% under the sport’s new charter agreements, in a counterclaim filed Wednesday against 23XI Racing and Front Row Motorsports, which first sued NASCAR last year.

That’s a roughly 25% increase from the split that teams had been receiving by the end of the previous charter agreements that ran from 2016 to 2024, which was approximately 40% of media revenue, according to NASCAR’s legal filing. NASCAR is in the first season of new seven-year, $7.7 billion media-rights deals with Fox Sports, NBC Sports, Amazon, and TNT Sports.

The original lawsuit from 23XI, which is owned by Michael Jordan, and Front Row called NASCAR “monopolistic bullies.” The teams were the only two that did not sign the most recent charter agreement (but are still allowed to compete this season) as they seek more revenue

However, a lawyer representing NASCAR said 23XI and Front Row have not laid out how much more money they want. 

“I don’t know what they think is fair,” Chris Yates of Latham & Watkins LLP said at a virtual media briefing Wednesday. “They have never explained that. I have no idea what they think the appropriate split should be. I have no idea because it’s never been articulated in any filing I’ve seen.”

No Settlement in Sight

NASCAR does not intend to reach a settlement with 23XI and Front Row, Yates said, or renegotiate the terms of the current charter agreements. “That’s not going to happen,” he said. “We’re not going to let 23XI and Front Row misuse the antitrust laws.” NASCAR will participate in the court-ordered mediation process, and a trial that is scheduled to begin in December. 

Wednesday’s filing also alleges that 23XI Racing president Curtis Polk, a longtime rep of Jordan and co-owner of 23XI, “played an active role in [an] illegal conspiracy” against NASCAR.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

As Wimbledon Approaches, Sinner and Alcaraz Solidify New Era

Sinner and Alcaraz have won the last six Grand Slams.

Masai Ujiri Out As Raptors’ Rogers Era Marked by Leadership Shift

Ujiri led the Raptors to the 2019 NBA championship.

Bengals Strike 10-Year, $470M Stadium Deal to Stay in Cincinnati

The NFL franchise and Hamilton County have agreed to a new lease.

Featured Today

Shitposters Have Taken the Reins of Pro Sports’ Official Voices

Meet the social media pros turning sports teams into internet trolls.
Jun 17, 2025; Sunrise, Florida, USA; Florida Panthers center Sam Reinhart (13) hoists the Stanley Cup after winning game six of the 2025 Stanley Cup Final against the Edmonton Oilers at Amerant Bank Arena
June 26, 2025

Stanley Cup’s International Summer Tour: Rules, Repairs, and Raucousness

No pro trophy tour compares to the NHL’s three-month global victory lap.
Mar 15, 2025; Fort Worth, TX, USA; UAB Blazers forward Yaxel Lendeborg (3) dribbles the ball upcourt against the North Texas Mean Green during the first half at Dickies Arena
June 22, 2025

NIL Is Shrinking the Pool of NBA Draft Entrants

Agents are now advising many players to stay in school.
Apr 24, 2025; Green Bay, WI, USA; Penn State Nittany Lions defensive end Abdul Carter on the red carpet before the 2025 NFL Draft at Lambeau Field
June 21, 2025

‘More Is More’: The Elite Luxury Jewelers Decking Out Athletes

Meet the elite group of luxury designers crafting the biggest statement pieces.
June 25, 2025

Bold Trades Shake Up NBA Draft After Predictable Start

A flurry of trades and falling draft positions lead the post-Flagg activity.
Apr 5, 2024; Cleveland, OH, USA; Iowa Hawkeyes guard Caitlin Clark (22) and Connecticut Huskies guard Paige Bueckers (5) react in the second quarter in the semifinals of the Final Four of the womens 2024 NCAA Tournament at Rocket Mortgage FieldHouse.
June 26, 2025

With Caitlin Clark’s Status Unclear, Fever-Wings Get-In Tix Down 40%

It should be the first professional face-off between Paige Bueckers and Caitlin Clark.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
Oct 20, 2023; Doral, Florida, USA; James Piot plays his shot from the eighth tee during the first round of the LIV Golf Miami golf tournament at Trump National Doral.
June 25, 2025

From LIV to PGA Tour: James Piot Shows Path Back From Rival..

A former LIV Golf player is competing at this week’s Detroit event.
Soccer
June 25, 2025

Club World Cup Headed for Major Test in Knockout Round

The knockout round will test FIFA’s hypothesis for the new tournament.
Jun 22, 2025; Cromwell, Connecticut, USA; Scottie Scheffler plays his shot from the first tee during the final round of the Travelers Championship golf tournament.
June 24, 2025

PGA Tour’s $20M Signature Events Finish 2025 Season Up in TV Ratings

The Travelers Championship was the last of eight elevated events this year.
Jun 23, 2025; East Rutherford, New Jersey, USA; Al Ahly's Mohamed Hany reacts after the match during a group stage match of the 2025 FIFA Club World Cup at MetLife Stadium.
June 24, 2025

Heat Wave Across the U.S. Impacting Major Sports

Chelsea manager Enzo Maresca said it’s been almost impossible to train.