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Two racing teams, one owned by basketball legend Michael Jordan, filed a federal lawsuit on Wednesday, accusing NASCAR operators of being 'monopolistic bullies' who line the pockets of the circuit's founding family. Front Row Motorsports and the basketball star's 23XI Racing made those allegations in a federal restraint-of-trade, antitrust lawsuit filed in U.S. District Court in Charlotte, North Carolina.
1 billion, according to Polk. 'Unlike many major professional sports leagues like the NFL or the NBA, which are owned and operated by their teams, NASCAR has always been privately owned by the France family, including current CEO and Chairman, James France,' the lawsuit said. 'By exploiting its monopoly power over the racing teams, NASCAR has been able to impose anti-competitive terms as a condition of a team’s access to competitions.
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