23XI Racing's ownership has issued statements after the team reached a settlement with NASCAR to end its ongoing antitrust lawsuit against the series.
Co-owned by Michael Jordan and Denny Hamlin, among others, 23XI - along with Front Row Motorsports - decided to sue NASCAR in October 2024, alleging anticompetitive and monopolistic practices after refusing to sign up to the new Cup Series charter agreement the month prior.
Following that, a 14-month legal battle ensued, with NASCAR and the teams going back and forth on several issues in court, but unable to reach any sort of settlement.
As such, the case went to trial on December 1; however, on day nine of the trial in Charlotte, North Carolina, an agreement between all parties has now been reached.
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Michael Jordan: We can make the sport better for generations to come
Released via the team's social media channels on Thursday, Michael Jordan had the following to say in a statement: "From the beginning, this lawsuit was about progress.
"It was about making sure our sport evolves in a way that supports everyone: Teams, drivers, partners, employees, and fans.
"With a foundation to build equity and invest in the future and a stronger voice in the decisions ahead, we now have the chance to grow together and make the sport even better for generations to come.
"I'm excited to watch our teams get back on the track and compete hard in 2026."
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Denny Hamlin: We believed it was worth fighting
Elsewhere, Cup Series star and fellow 23XI co-owner Hamlin said: "I've cared deeply about the sport of NASCAR my entire life. Racing is all I've ever known, and this sport shaped who I am.
"That's why we were willing to shoulder the challenges that came with taking this stand.
"We believed it was worth fighting for a stronger and more sustainable future for everyone in the industry. Teams, drivers, and partners will now have the stability and opportunity they deserve.
"Our commitment to the fans and to the entire NASCAR community has never been stronger. I'm proud of what we've accomplished, and now it is time to move forward together and build the stronger future this sport deserves."
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Bob Jenkins reaction
Meanwhile, Bob Jenkins, owner of Front Row Motorsports, added: "After more than 20 years in this sport, today gives me real confidence in where we're headed.
"I love this sport, and it was clear we needed a system that treated our teams, drivers, and sponsors fairly and kept the competition strong.
"With this change, we can finally build long-term value and have a real voice in NASCAR's future. I'm excited for the road ahead - for the people in the garage, the folks in the stands, and everyone who loves this sport."
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