Two racing teams, including one co-owned by NBA legend Michael Jordan, have sued NASCAR, saying it exploited its position atop US stock car racing to extract monopoly profits.
Front Row Motorsports and Jordan’s 23XI brought the claims against NASCAR and CEO James France in a Wednesday lawsuit in the US District Court for the Western District of North Carolina. The complaint escalates a long-simmering fight inside NASCAR over revenue and how it’s disbursed among racing teams.
NASCAR is accused of achieving its dominance thanks to anticompetitive and exclusionary practices that ultimately leaves many teams, even the most successful, financially vulnerable. ...
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