Michael Jordan’s Racing Team Loses NASCAR Charter in Appeal (2)

Michael Jordan’s racing team lost its bid to compete in the 2025 NASCAR season under a coveted charter designation, after the Fourth Circuit reversed a injunction granted by a district court judge last year.

The appeals court said the injunction unfairly forced NASCAR into a deal with Jordan’s team, 23XI, and another team, Front Row Motorsports Inc., that provided both of them with favorable terms but excluded a litigation release clause that is standard for such agreements.

Both the plaintiffs and the district court failed to show how the litigation release would have injured competition, the Thursday opinion by Judge ...