The NASCAR v 23XI & Front Row Motorsports antitrust lawsuit continued in Charlotte on Friday, and it was a big day in court.

23XI co-owner Michael Jordan, who has attended every day of the trial so far, finally took to the stand to give his testimony, and given his legendary status, all ears were tuned in.

With that said, below, we've picked out some of the key highlights and most interesting parts of Jordan's testimony, including details on his status as co-owner at 23XI and why he and his team decided to sue NASCAR in the first place.

Let's start with the latter.

Why 23XI sued NASCAR?

When 23XI Racing filed their lawsuit against NASCAR in October 2024, the team accused the stock car racing series of anticompetitive and monopolistic practices,

This came after 23XI and FRM refused to sign NASCAR's new Cup Series charter agreement by NASCAR's self-imposed deadline.

"Someone had to step forward and challenge the entity," Jordan told the court.

"I sat in those meetings with long-time owners who were brow-beaten for so many years trying to make change. I was a new person, I wasn't afraid.

I felt I could challenge NASCAR as a whole. I felt as far as the sport, it needed to be looked at from a different view."

Why didn't 23XI sign charter agreement?

Whilst on the stand, Jordan also explained the reason why 23XI did not sign up to the new charter agreement in the first place, citing three key reasons.

"One, I didn't think it was economically viable. Two, it said you could not sue NASCAR; that was an antitrust violation, I felt. Three, they gave us an ultimatum I didn't think was fair to 23XI," Jordan said.

The 23XI owner added: "I wanted a partnership, and permanent charters wasn't even a consideration.

"The pillars that the teams wanted, no one on the NASCAR side even negotiated or compromised. "

They were not even open-minded to welcome those conversations, so this is where we ended up."

What do Jordan and 23XI want from charters?

Jordan and the race teams sought four key things from the NASCAR Cup Series charter agreement, as per his testimony.

1: A larger share of NASCAR revenues#

2: Governance in terms of voting power over specific cost increases

3: Permanent charters

4: One-third share of the NASCAR business

Elsewhere, Jordan also revealed that he owns 60% of 23XI Racing and that he has invested somewhere in the region of $35-40 million in the team so far..

The six-time NBA champion also disclosed that he had relied on his business partner, Curtis Polk, to do the due diligence on founding 23XI after Denny Hamlin's proposal.