8legs: 23xi racing

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#1 out of 2

sports14h ago

Day 1 of the NASCAR antitrust trial in Charlotte featured Denny Hamlin testifying as Michael Jordan watched from the front row.
Jordan sat in the courtroom’s front row, underscoring his influence in the case and the sport.
The trial exposed large-scale financial details, including 35 million for Airspped and 45 million in sponsorship revenue from 2022–2024.
Jurors were told the case could reshape NASCAR’s 77-year-old league, highlighting the trial’s potential impact.
The plaintiffs alleged the France family benefited financially, with claims of significant personal earnings in a recent period.
The trial featured a status moment as the jury pool realized the case involved Jordan, adding to courtroom dynamics.
Judge and gallery witnessed a historic setting as the first trial staged in the restored 1930s facility resumed in a modern context.
Opening statements framed the case around why 23XI could remain viable despite questions about profitability.
The trial’s opening emphasized a potential shift in corporate and league dynamics within NASCAR.
Jurors questioned the logistics and scope of the two-week initial projection, signaling the complexity ahead.

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#2 out of 2

Opening statements began in a high-profile NASCAR antitrust trial in Charlotte, with Judge Bell warning both sides about improper arguments.
The trial questions whether NASCAR's charter system limits competition and profits for teams like 23XI Racing and Front Row Motorsports.
Jurors were selected as Michael Jordan and other team owners attended the opening day.
NASCAR argued its contracts reflect standard practices for auto racing and denied anticompetitive conduct.
If the jury sides with Jordan's teams, damages could be awarded for actual losses with potential triple damages possible.
The trial could lead to remedies such as track sales, charter changes, or elimination of exclusivity provisions.
The trial's outcome could dramatically reshape NASCAR's business model and the teams' financial futures.
The jury was seated with six men and three women on opening day, with the trial expected to last about two weeks.
Attendees included NASCAR executives, including chairman Jim France and vice chairman Lisa France Kennedy.
The case raises questions about the long-term viability and structure of the Cup Series if exclusivity is challenged.

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