Michael Jordan reveals why he's suing NASCAR in antitrust case

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NBA legend Michael Jordan testified in his antitrust lawsuit against NASCAR on Friday, revealing why he decided to take legal action against the sport he says he grew up a fan of. 

"Someone had to step forward and challenge the entity to understand that it is a real concern from our aspect," Jordan said. 

"I felt I could challenge NASCAR as a whole. I felt, as far as the sport, it needed to be looked at from a different view."

Jordan’s highly anticipated appearance followed dramatic testimony from Heather Gibbs, the daughter-in-law of race team owner Joe Gibbs, about the chaotic six-hour period in which teams had to sign an extension or forfeit the charters that guarantee revenue week to week throughout NASCAR’s 38-race season.

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Michael Jordan, center, and Curtis Polk, left, co-owners of 23XI Racing, watch during qualifying beside 23XI Racing President Steve Lauletta, right, for a NASCAR Cup Series Championship auto race Nov. 9, 2024, in Avondale, Ariz.  (AP Photo/John Locher, file)

"The document was something in business you would never sign," said Heather Gibbs, also a licensed real estate agent. "It was like a gun to your head: If you don’t sign, you have nothing."

Charters are the equivalent of the franchise model used in other sports. In NASCAR, it guarantees every chartered car a spot in every race, plus a defined payout from the series. The system was created in 2016, and during the two-plus years of bitter negotiations on an extension, teams begged for the renewable charters to be made permanent for revenue stability.

KYLE