Story perspectives

Testimony Reveals NASCAR's Monopoly Pressure on Teams

12/5/2025

Summary

Story summary

In a federal antitrust trial, Heather Gibbs testified that teams faced pressure to sign a revenue model extension, likening the choice to 'a gun to your head' with six hours to decide.
She criticized NASCAR's refusal to make charters permanent, calling them essential for teams' financial stability.
Michael Jordan, co-owner of 23XI Racing, alleges NASCAR operates as a monopoly that stifles competition, and NASCAR denies wrongdoing and seeks settlement.

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Story summary

In a federal antitrust trial, Heather Gibbs testified that teams faced pressure to sign a revenue model extension, likening the choice to 'a gun to your head' with six hours to decide.
She criticized NASCAR's refusal to make charters permanent, calling them essential for teams' financial stability.
Michael Jordan, co-owner of 23XI Racing, alleges NASCAR operates as a monopoly that stifles competition, and NASCAR denies wrongdoing and seeks settlement.