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Michael Jordan took NASCAR to court and we got a glimpse behind Jordan’s mindset while owning a NASCAR team.
For the past month, Jordan and his 23XI Racing team have been locked in a legal battle against NASCAR after he filed an antitrust lawsuit claiming that “NASCAR employs monopoly powers to restrict race team revenues and independence.”
On Thursday, Jordan’s 23XI Racing settled their lawsuit with NASCAR, but have to publicly disclose the details of the settlement agreement.
“This resolution reflects our shared commitment to maintaining a fair and equitable framework for long-term participation in America’s premier motorsport, one that supports teams, partners, and stakeholders while ensuring fans enjoy uninterrupted access to the best racing in the world,” according to a joint statement. “The agreement allows all parties to move forward with a unified focus on advancing stock car racing and delivering exceptional competition for our fans.”
During the court proceedings we learned that Jordan invested $40 million in his NASCAR team, and laughed when his financial advisor told him about the cost of signing a new driver.
“I have lost that in a casino. Let’s do it.” Jordan reportedly told his financial advisor.
It seems like GOAT isn’t hurting for money.
You can find more details on Jordan’s lawsuit against NASCAR in Joe Pompliano’s newsletter.
Michael Jordan's antitrust lawsuit against NASCAR has revealed stunning financial details:
• MJ has invested $40M in 23XI racing
• 75% of NASCAR teams lose money
• Front Row Motorsports has lost $100MToday's newsletter breaks it all down.
READ: https://t.co/XLMO1RcQqZ pic.twitter.com/oG8fmZSWtR
— Joe Pompliano (@JoePompliano) December 10, 2025