Michael Jordan’s 23XI Wins Lawsuit, Secures Permanent Charters and Bigger Revenue Share
In December 2023 the 23XI Racing team, backed by Michael Jordan, settled a lawsuit against NASCAR that guarantees permanent charters for all teams and a larger slice of the sport’s revenue.
Michael Jordan’s 23XI Team Wins Lawsuit – Why It Can’t Be Beat in NASCAR
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Image: Michael Jordan’s 23XI Team Wins Lawsuit – Why It Can’t Be Beat in NASCAR – Performance Comparison and Specifications
Design & Looks
The 23XI car keeps the classic stock‑car silhouette that fans love, but the settlement lets the team invest more in aerodynamics and branding without fearing charter loss. The iconic Jumpman logo now appears on the hood and rear spoiler, making the car instantly recognizable on the track.
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Performance & Mileage
With a guaranteed charter, 23XI can focus on performance upgrades rather than fighting for race entries. The team runs a 5.86‑liter V8 engine delivering around 750 hp. While NASCAR doesn’t publish fuel‑efficiency numbers, the car typically gets about 4‑5 miles per gallon during a race, which is standard for the series.
Price & Rivals
The new revenue‑share agreement means 23XI receives a higher portion of TV rights and sponsorship money. Roughly $10‑12 million per season is now allocated to each chartered team, giving Jordan’s outfit a financial edge over rivals still operating on tighter budgets.
| Engine | 5.86 L V8 |
|---|---|
| Mileage | ≈4.5 mpg (race conditions) |
| Price | ~$12 M (annual operating cost) |
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FAQ
- What did the lawsuit give 23XI? A permanent charter and a larger share of NASCAR’s revenue pool.
- How much money does a charter team earn now? About $10‑12 million per season from TV and sponsorship splits.
- Will 23XI be faster because of the settlement? The financial boost lets them invest in better parts and crew, which should improve lap times.
What do you think about the new charter system? Drop a comment below and share your thoughts!
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Image source: Jalopnik
Source: Read Official News
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