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Economy

Michael Jordan settles antitrust lawsuit with NASCAR

Michael Jordan's 23XI Racing and NASCAR have settled a federal antitrust lawsuit that accused NASCAR of monopolistic practices. As part of the settlement, NASCAR has agreed to make charters permanent for Cup Series teams, allowing 23XI Racing and Front Row Motorsports to regain their charters after a year-long dispute.

Michael Jordan settles antitrust lawsuit with NASCAR

Credit: Foxnews

Key Highlights

  • Michael Jordan's 23XI Racing settled an antitrust lawsuit with NASCAR.
  • The lawsuit accused NASCAR of being a 'monopolistic bully'.
  • NASCAR agreed to make charters permanent for Cup Series teams.
  • 23XI Racing and Front Row Motorsports will regain their charters.
  • The settlement aims to benefit both teams and NASCAR stakeholders.
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Sources

  1. Michael Jordan settles antitrust lawsuit with NASCAR
  2. Michael Jordan And NASCAR Settle Antitrust Lawsuit

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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