Court settlement returns permanent charters to NASCAR teams
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CHARLOTTE, N.C. — Federal court proceedings concluded Thursday when NASCAR and two race teams settled a 14-month antitrust lawsuit over new charter agreements, ending a nine-day trial. Plaintiffs 23XI Racing and Front Row Motorsports, co-owned by Michael Jordan and others, reached terms that restore permanent charters and introduce an evergreen franchise-style system. U.S. District Judge Kenneth Bell accepted the agreement after attorneys presented finalized documents. Team owners and NASCAR leadership appeared jointly at the courthouse to announce the resolution and emphasized moving forward ahead of the 2026 season and broader commercial partnerships. Based on 11 articles reviewed and supporting research.
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Timeline
- 1. September 2024: NASCAR issued 112-page charter offers to teams; most signed by deadline.
- 2. Late 2024: 23XI Racing and Front Row Motorsports refused to sign and filed an antitrust lawsuit.
- 3. 2025 season: Plaintiffs raced largely unchartered while litigation proceeded.
- 4. Early January 2026: A nine-day federal trial commenced in Charlotte, N.C.
- 5. 12th January 2026: Parties reached a settlement restoring permanent charters and instituting evergreen charters.
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