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6+ min ago (273+ words) One specific item that NASCAR Cup Series teams wanted in the new Charter Agreement was permanent charters. NASCAR's final offer to the teams did not include permanent charters. The Charter Agreement was signed by 13 of the 15 Cup teams Aug. 6, 2024. Nearly two months later, 23XI Racing and Front Row Motorsports, the two holdouts, filed an antitrust lawsuit against NASCAR and its CEO Jim France. The two sides went to trial last Monday. What if charters suddenly became permanent like franchises? Dale Earnhardt Jr. dove into the topic earlier this week. Earnhardt made the comments Tuesday. Both sides reached a settlement Thursday. All charters will become permanent "forever," 23XI and FRM attorney Jeffrey Kessler announced. So, what now? Even before the settlement, Earnhardt was able to speak on what permanent charters would mean for the future of the sport. Expect a "gigantic barrier of…...

8+ min ago (132+ words) Michael Johnson issues defiant message as Grand Slam Track files for bankruptcy - Grand Slam Track, the athletics league founded by Olympic champion Michael Johnson, has filed for Chapter 11 bankruptcy protection in Delaware. - The league's inaugural season was plagued by issues including the cancellation of its Los Angeles final, a shortened Philadelphia event, and difficulties in paying athletes. - Michael Johnson acknowledged in August that the league could not meet its promised payment timelines, and attendance at its opening leg in Kingston, Jamaica, was poor. - The bankruptcy filing aims to stabilise operations, reduce costs, address outstanding liabilities, and facilitate discussions with potential investors. - Grand Slam Track has expressed its intention to return for a 2026 season once its financial obligations are resolved, with Johnson stating he "refuses to give up on the mission....

16+ min ago (182+ words) Bubba Wallace has chimed in. On Thursday afternoon, the NASCAR star posted two words on X: "Monumental day." Wallace's post is in regards to the antitrust lawsuit settlement between NASCAR, Michael Jordan's 23XI Racing team and Front Row Motorsports. On Thursday, a deal was reached during the ninth day of the federal trial that was regarding NASCAR's alleged monopoly on U.S. premier stock car racing. A joint statement was released after the settlement, with financial terms not expected to be disclosed: Wallace races for Jordan on his 23XI Racing team. The lawsuit came after failed negotiations between NASCAR and racing teams over a charter agreement, which involves the financial guarantees and racing spot guarantees for the top-level Cup Series. The judge in charge of the case, Kenneth Bell, said this afterward: "This is going to be great for the entity NASCAR, the industry NASCAR,…...

16+ min ago (232+ words) Dec 11, 2025 | 7:45 PM EST Michael Jordan grew up going on family weekend vacations to NASCAR races across the South. Accompanying him on these trips was his father, who was an avid fan of Richard Petty. This background ignited the interests of Jordan, otherwise a legendary NBA champion, to pursue stock car racing. And it also led to Jordan fulfilling Petty's desire for the sport, which was published 31 years ago. " nascarman (@nascarman_rr) December 11, 2025 And a major part of this learning experience was played by Denny Hamlin. "My history for this sport, and certainly my passion, this doesn't happen unless you've got a fire to really help and grow this sport, and that's what happened today," Denny Hamlin said outside court on Thursday. "I feel like everything within the settlement is going to grow this sport, and it's going to be better for everyone,…...

25+ min ago (233+ words) Grand Slam Track, the track and field league launched by former Olympic sprint great Michael Johnson, "has filed for Chapter 11 bankruptcy protection in Delaware as it "seeks to stabilise its finances after a turbulent inaugural season. GST's announcement comes after a troubled debut season in which it had to cancel its inaugural final in Los Angeles, cut its Philadelphia event from three to two days and struggled to pay "athletes when committed "funding fell through. Attendance was poor at the opening leg "in Kingston, Jamaica, and Johnson acknowledged in August that the league was unable to meet promised payment timelines. GST said the court-supervised process would allow it to stabilise operations, reduce costs and address outstanding liabilities "while pursuing long-term growth. The league, "which had offered unusually high prize money to attract top talent, said it was "finalising debtor-in-possession financing....

33+ min ago (458+ words) The recent trial between Michael Jordan and NASCAR, involving the charter agreement, has officially concluded after nine days. On Thursday, attorney Jeffrey Kessler, who represented Jordan 23XI Racing and Front Row Motorsports, told Judge Kenneth Bell that the two parties had reached a settlement. That settlement is a new charter system called "evergreen charters", meaning teams are going to get permanent team charters, which was the main point of Jordan, driver Danny Hamlin and their team's lawsuit. Although the financial agreements between the two sides will not be publicly disclosed. To quickly back-pedal, Jordan and his team filed a lawsuit against NASCAR late last year due to the organization's monopolistic business approach under the charter agreement, which resulted in NASCAR receiving the majority of the earned revenue. The high cost of racing further benefited NASCAR. The old charter expired in 2024, which…...

42+ min ago (835+ words) This is a landmark moment, one that ensures NASCAR's foundation is stronger, its future is brighter and its possibilities are greater," NASCAR and the plaintiffs said in a joint statement. Michael Jordan and NASCAR chairman Jim France stood side-by-side on the steps of a federal courthouse as if they were old friends following a stunning settlement Thursday of a bruising antitrust case in which the Basketball Hall of Famer was the lead plaintiff in a lawsuit accusing the top racing series in the United States of being a monopolistic bully. The duo was flanked by three-time Daytona 500 Denny Hamlin and Curtis Polk, who co-own 23XI Racing with Jordan, Front Row Motorsports owner Bob Jenkins and over a dozen lawyers as they celebrated the end to an eight-day trial that ultimately led NASCAR to cave and grant all its teams the permanent…...

47+ min ago (433+ words) At one point, it looked like Roger Penske was going to take the stand. Now, the NASCAR antitrust lawsuit has been settled. The sanctioning body and Jim France settled with 23XI Racing and Front Row Motorsports this morning. Roger Penske is a respected team owner. His influence on NASCAR and motorsports as a whole cannot be overstated. This lawsuit was just as important to Penske as it was to any other team owner. With IndyCar adopting a charter system recently, it could have even set a legal precedent for an antitrust case directed at the series, which Penske owns. Like Rick Hendrick, Penske is relieved that this case ended in a settlement. On top of that, Penske now has three permanent charters in the Cup Series thanks to said settlement. Wood Brothers Racing had a similar statement to Roger Penske. Much…...

57+ min ago (565+ words) Dec 11, 2025 | 7:04 PM EST Fresh off the courtroom on Thursday, the NASCAR antitrust lawsuit has just been settled. The major wins for Michael Jordan's 23XI Racing and Front Row are that they can now enjoy their charters permanently and even have a stake in 1/3rd of the intellectual property revenue. As it ends NASCAR's "monopoly' and opens up opportunities, Spire Motorsports is the first one to grab it. The team has announced its entry into Kyle Larson's High Limit Racing in the 2026 season, along with its Cup Series entry. The lawsuit settlement has made the teams more financially stable, so this surely helps them. Sprint racing is set to be a new turf for Spire Motorsports in the 2026 season. High Limit Racing, co-owned by Kyle Larson and his brother-in-law, Brad Sweet, is highly anticipated owing to the challenge it provides. Understandably, entering two…...

1+ hour, 16+ min ago (461+ words) Michael Jordan said it was "level heads" that led to Thursday's settlement agreement between 23XI Racing, Front Row Motorsports, and NASCAR in the antitrust lawsuit that started over a year ago. "In all honesty, when you get to the finish line, sometimes you have to think not just for yourself, but you have to think about the sport as a whole," Jordan, the NBA legend and majority owner of 23XI, said outside the federal courthouse in Charlotte, N.C. "I think both parties got to that point, and we realized we could have an opportunity to settle this, and we dove in and we actually did it. "Unfortunately, it took us that long, but we got here. That's all that matters." The financial terms of the agreement were not announced, but the sport will now have permanent charters. 23XI Racing and Front Row, who lost…...