23XI Racing, which is owned by basketball Hall of Famer Jordan, three-time Daytona 500 winner Denny Hamlin, and Jordan’s financial adviser, Curtis Polk, and Front Row Motorsports, owned by Bob Jenkins, were the only two teams out of 15 organizations that refused to sign. They sued instead.

On Day 8 of the trial, France explained his reasoning for resisting permanent charters to teams as the plaintiffs wrapped up their case.

Former NASCAR driver and reporter Kenny Wallace recently offered a pointed assessment of the forces that led to NASCAR’s antitrust settlement with 23X and FRM, suggesting that NASCAR chairman Jim Fran

Finishing his testimony under cross-examination, NASCAR Chairman and CEO Jim France said he wasn’t comfortable agreeing to permanent charters because he didn’t know what the future of the sport would look like.

NASCAR Chairman Jim France remained steadfast in his refusal to change NASCAR's Charter Agreement, and team owner Richard Childress testied in the NASCAR Trial on Dec. 9.

Jim France explains why he rejected permanent charters as the NASCAR antitrust trial continues, with teams challenging the sport’s structure.

NASCAR President Steve O’Donnell took the stand early Thursday morning in a North Carolina federal courtroom and admitted CEO Jim France was not open to a new business model.