{"id":339715,"date":"2025-12-12T04:57:08","date_gmt":"2025-12-12T04:57:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/339715\/"},"modified":"2025-12-12T04:57:08","modified_gmt":"2025-12-12T04:57:08","slug":"michael-jordan-laughed-at-the-cost-of-signing-a-new-driver-to-nascar-team","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/339715\/","title":{"rendered":"Michael Jordan Laughed At The Cost Of Signing A New Driver To NASCAR Team"},"content":{"rendered":"<p>\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/12\/MixCollage-11-Dec-2025-11-09-PM-3061.jpg\" alt=\"\" width=\"1024\" height=\"576\" class=\"size-full wp-image-23889793\"  \/><\/p>\n<p class=\"wp-media-credit\">\u00a9 Dennis Schneidler-Imagn Images<\/p>\n<p>Michael Jordan took NASCAR to court and we got a glimpse behind Jordan\u2019s mindset while owning a NASCAR team. <\/p>\n<p>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 <a href=\"https:\/\/www.espn.com\/racing\/nascar\/story\/_\/id\/47096983\/23xi-front-row-vs-nascar-trial-why-michael-jordan-denny-hamlin-want-tear-stock-car-racing\" target=\"_blank\" rel=\"noopener nofollow\">claiming that \u201cNASCAR employs monopoly powers to restrict race team revenues and independence.\u201d<\/a><\/p>\n<p>On Thursday, Jordan\u2019s 23XI Racing settled their lawsuit with NASCAR, but have to publicly disclose the details of the settlement agreement. <\/p>\n<p>\u201cThis resolution reflects our shared commitment to maintaining a fair and equitable framework for long-term participation in America\u2019s premier motorsport, one that supports teams, partners, and stakeholders while ensuring fans enjoy uninterrupted access to the best racing in the world,\u201d according to a joint statement. \u201cThe agreement allows all parties to move forward with a unified focus on advancing stock car racing and delivering exceptional competition for our fans.\u201d <\/p>\n<p>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. <\/p>\n<p>\u201cI have lost that in a casino. Let\u2019s do it.\u201d Jordan reportedly told his financial advisor. <\/p>\n<p>It seems like GOAT isn\u2019t hurting for money. <\/p>\n<p>You can find more details on Jordan\u2019s lawsuit against NASCAR in Joe Pompliano\u2019s newsletter. <\/p>\n<p lang=\"en\" dir=\"ltr\">Michael Jordan&#8217;s antitrust lawsuit against NASCAR has revealed stunning financial details:<\/p>\n<p>\u2022 MJ has invested $40M in 23XI racing<br \/>\u2022 75% of NASCAR teams lose money<br \/>\u2022 Front Row Motorsports has lost $100M<\/p>\n<p>Today&#8217;s newsletter breaks it all down.<\/p>\n<p>READ: <a href=\"https:\/\/t.co\/XLMO1RcQqZ\" rel=\"nofollow\">https:\/\/t.co\/XLMO1RcQqZ<\/a> <a href=\"https:\/\/t.co\/oG8fmZSWtR\" rel=\"nofollow\">pic.twitter.com\/oG8fmZSWtR<\/a><\/p>\n<p>\u2014 Joe Pompliano (@JoePompliano) <a href=\"https:\/\/twitter.com\/JoePompliano\/status\/1998789409462956267?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">December 10, 2025<\/a><\/p>\n<p>\t\t\t<script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"\u00a9 Dennis Schneidler-Imagn Images Michael Jordan took NASCAR to court and we got a glimpse behind Jordan\u2019s mindset&hellip;\n","protected":false},"author":2,"featured_media":339716,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[446],"tags":[49,48,3004,634,82],"class_list":["post-339715","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nascar","tag-ca","tag-canada","tag-michael-jordan","tag-nascar","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/339715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=339715"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/339715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/339716"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=339715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=339715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=339715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}