Michael Jordan Testifies He ‘Wasn’t Afraid’ of the Racing Body in Antitrust Trial
The basketball icon, introducing himself formally in a federal courtroom on Friday, stated that his drive to win and novelty within the sport motivated his push for 23XI Racing to confront Nascar over alleged violations of competition laws.
Team Investment and a Will to Win
Jordan shared operational insights of his 23XI team, saying he invested $40 million of his own funds into the Nascar Cup series team co-founded with business partner Curtis Polk and longtime driver Denny Hamlin.
“Someone had to step forward,” Jordan stated in the Charlotte courtroom. “As a newcomer, I had no fear. I felt I could challenge Nascar as a whole. I felt as far as the sport required examination through a new lens.”
The Core Dispute: Charter Agreements and Contract Pressure
The heart of the case involves the end of a 2016 deal where Nascar provided each team a franchise. The concept is similar to other major leagues with independent franchises, like the Charlotte Hornets or the Carolina Panthers. This deal was due to end in 2024 when Nascar insisted on teams renew their charters.
Jordan was on the witness stand for about sixty minutes and exited the courthouse to pandemonium, with fans and media vying for a glimpse or a photo of the sports legend.
Leading the Legal Charge
Jordan’s 23XI is at the forefront of the push along with Front Row Motorsports for Nascar to change a operating model Jordan contended is unlawful to maintain excessive control.
At issue for Jordan and a fellow team representative, who preceded Jordan, are events from last September. Gibbs described a frantic and emotional six hours where the racing circuit told teams they must sign a contract extension. The document consists of 112 pages detailing team compensation and a guaranteed entry in Nascar-sponsored races.
Choosing Litigation
Jordan explained that 23XI and Front Row Motorsports decided their only feasible option was to decline to sign that 112-page package and litigate the matter. The other 13 organizations agreed to the terms.
The team owners reached out to Nascar about potential amendments or negotiations. Nascar wasn’t talking, according to his testimony.
The Bottom Line: Winning
But in the end, the resistance against what he saw as a financially unsustainable model was driven by the familiar goal for Jordan: Winning.
“Hamlin persuaded me adding a third car boosted our odds of winning,” he said, noting that he purchased another franchise late in 2024 for $28 million amid the legal dispute. “So I took the plunge.”
Heather Gibbs’ Testimony
Gibbs described her push for indefinite franchises, submitted in a formal letter to Nascar. She testified the pressure of the signature deadline didn’t sit well.
She said, Joe Gibbs first tried to call and talk Nascar out of forcing signatures, but Nascar’s leader refused the appeal.
“Please don’t force this on us,” Gibbs recounted Joe Gibbs told Nascar’s executives. The response was, “Whether I have 20 charters, that’s what I have. If I have 30, that’s the number.”