antitrust - Sports News, Headlines & Highlights

Report: Justice Department opens investigation into NFLThe federal Justice Department is investigating whether the NFL's media package has led the league to harm consumers financially by anticompetitive actions, the Wall Street Journal reported Thursday.,The investigation launched after the Justice Department heard recent concerns by media companies, me...

‘Incredibly optimistic': Team owners react to NASCAR settlementVeteran driver Denny Hamlin had plenty to say in court over the past week and a half, but after Thursday's groundbreaking settlement in the antitrust case against NASCAR, Hamlin summed it up in two sentences.,"Standing up isn't easy, but progress never comes from staying silent. The reward is in kno...

Plaintiffs rest case in NASCAR antitrust lawsuitCross examination of NASCAR chairman and CEO Jim France ended Wednesday in Charlotte, and the plaintiffs in the federal antitrust lawsuit concluded their case.,Front Row Motorsports and 23XI Racing, the latter team co-owned by NBA legend Michael Jordan and driver Denny Hamlin, are suing NASCAR, alle...

NASCAR CEO Jim France: ‘I have not’ changed stance on permanent charters

NASCAR chairman and CEO Jim France testified on Tuesday, the seventh day of an antitrust trial in Charlotte, that he has not budged from his position on granting racing teams permanent charters.,Front Row Motorsports and 23XI Racing filed the federal antitrust lawsuit, with the latter team co-owned ...

Economist testifies that NASCAR underpaid teams $1.06B over 4 years

A high-profile economist testified Monday that NASCAR should pay $215.8 million in damages to 23XI Racing and $148.9 million to Front Row Motorsports to account for its monopolistic behavior.,Dr. Edward A. Snyder, who served as the dean of Yale's business school from 2011-19 and for 10 years before ...

Michael Jordan tells court he 'wasn't afraid' of NASCAR

Michael Jeffrey Jordan, as he cordially introduced himself to the federal courtroom in Charlotte on Friday, admitted it was his competitive side and novelty within the sport that emboldened a push for 23XI Racing to "challenge" NASCAR over what he perceived were violations of antitrust rules. ,Jorda...

At trial, NASCAR prez says CEO France was against new revenue model

NASCAR president Steve O'Donnell testified on the fourth day of the NASCAR antitrust trial Thursday in Charlotte and admitted the France family was against a proposed revenue model that would have improved racing teams' viability.,The France family have owned and operated NASCAR since Bill France Sr...

Denny Hamlin testifies: Signing NASCAR charter like 'death certificate' to teams

Veteran driver and team co-owner Denny Hamlin declared NASCAR's charter proposal is akin to a death certificate in explosive comments on the second day of the racing league's antitrust trial Tuesday in Charlotte.,Hamlin, a three-time Daytona 500 winner who co-owns 23XI Racing with Michael Jordan, re...