The basketball icon, as he cordially introduced himself in a federal courtroom on Friday, admitted that his drive to win and status as a newcomer motivated his effort with 23XI Racing to confront Nascar over alleged violations of antitrust rules.
The owner disclosed operational insights of his 23XI team, saying he invested $40m of his own funds into the Cup Series operation launched with business partner Curtis Polk and longtime driver Denny Hamlin.
“Someone had to step forward,” Jordan stated during testimony. “I was a new person, I had no fear. I felt I could challenge Nascar in its entirety. From my perspective, the sport it needed to be looked at through a new lens.”
The heart of the case involves the expiration of a 2016 agreement where Nascar granted each team a franchise. The concept is similar to other professional sports with separately owned franchises, like the NBA’s Hornets or the NFL’s Panthers. The agreement was set to expire 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 view or a picture of the global icon.
23XI Racing is at the forefront of the push along with Front Row Motorsports for Nascar to overhaul a business model Jordan said is breaking the law to maintain excessive control.
For Jordan and and Heather Gibbs, who preceded Jordan, are details from September 2024. Gibbs described a hectic and tense period where the sanctioning body told teams they had to sign a contract extension. This agreement spanned 112 pages detailing team compensation and a guaranteed entry in every race.
Jordan said that 23XI and Front Row Motorsports concluded their sole viable path was to refuse a signature that 112-page package and take the issue to court. The other 13 organizations signed the agreement.
Jordan and co-owner Denny Hamlin reached out to Nascar about possible changes or extension options. Nascar refused to engage, Jordan said.
Ultimately, the pushback against what he saw as a unsustainable system was mostly about the familiar goal for Jordan: Winning.
“Hamlin persuaded me getting a third driver boosted our odds of winning,” he said, sharing that he purchased another franchise last year for $28 million despite the uncertainty. “So I took the plunge.”
Heather Gibbs detailed her push for indefinite franchises, submitted in a written letter to Nascar. She testified the pressure of the signature deadline was problematic.
She said, Joe Gibbs first attempted to call and talk Nascar out of demanding signatures, but CEO Jim France declined the request.
“Don’t do this to us,” Heather Gibbs said Joe Gibbs told Nascar’s leadership. She said France replied, “If I wake up and I have 20 charters, I have 20. If there are 30, I have 30.”
Elara is a seasoned betting analyst with over a decade of experience in sports gambling and data-driven strategy development.
Joyce Gomez
Joyce Gomez
Joyce Gomez
Joyce Gomez
Joyce Gomez