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.
"The France family and NASCAR are monopolistic bullies," according to the lawsuit.
A NASCAR rep on Wednesday morning said the motorsport organization was still reviewing the complaint and could not immediately comment.
Racing teams receiving only about 13% of NASCAR's ever-increasing revenues, which include TV deals signed since 2001 worth about $23.1 billion, according to Polk.
"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."
Persons:
Michael Jordan, Racing, Jim France, Bill France, Bob Jenkins, 23XI, Denny Hamlin, Curtis Polk, James, “ Jim ”, Plaintiff's, Jeffrey Kessler, ”, “, it’s, ” Jordan, Jordan
Organizations:
NASCAR, Motorsports, Jordan, Racing, NFL, NBA, Chicago Bulls
Locations:
U.S, Charlotte , North Carolina, Polk, France