NASCAR, Michael Jordan and Day-by-day
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NASCAR chairman Jim France called 'a brick wall' in contentious revenue-sharing negotiations
The attorney for the two teams suing NASCAR portrayed series chairman Jim France as “a brick wall” in negotiations over the new revenue-sharing model that has triggered the Michael Jordan-backed federal antitrust case against the top form of motorsports in the United States.
NASCAR President Steve O’Donnell took the stand early Thursday morning in a North Carolina federal courtroom and admitted CEO Jim France was not open to a new business model.
NASCAR president Steve O'Donnell testified on the fourth day of the NASCAR antitrust trial Thursday in Charlotte and admitted the France family was against a proposed revenue model that would have improved racing teams' viability.
The antitrust trial that pits the sanctioning body of NASCAR against two of its Cup Series teams — the Michael Jordan-co-owned 23XI Racing and Front Row Motorsports — will begin Monday morning at the U.S. District Court for the Western District of North Carolina in Uptown Charlotte.
NASCAR insiders Jeff Gluck and Jordan Bianchi recently talked about day four of the trial on the Teardown podcast.
NASCAR President Steve O’Donnell testified today in the antitrust trial with 23XI Racing and Front Row Motorsports, saying that teams went to NASCAR in early 2022 asking for an improved revenue model.
NASCAR's president was questioned about how early signs that CEO Jim France was flexible on the sport's model didn't quite materialize.