SAD NEWS: NASCAR announced that Chase Elliott is Leaving immediately after Facing…..
The countersuit NASCAR filed earlier this month wrongly called Jordan’s longtime business manager and partner a “sports agent” and repeatedly singled out Polk as the ringleader against the current charter agreements signed last fall by most Cup Series teams. NASCAR also claimed Polk threatened a boycott of the Daytona 500 qualifying races and persuaded teams to boycott a meeting with NASCAR.
The teams signed the charters just before last season’s playoffs after a take-it-or-leave-it offer by NASCAR. Although the charter system remains flawed — teams want them made permanent like a franchise in other major sports — it does guarantee a spot in the field and other revenue incentives. Thirteen teams signed but 23XI and Front Row held out — in large part because of a clause in the charter that prohibits teams from suing NASCAR — and since both teams didn’t like the terms, they wanted the right to sue over antitrust allegations.
its executives found Michael Jordan and his small group of advisers a beneficial resource in discussing growth for the top racing series in the United States.
They held meetings with Curtis Polk, Jordan’s right-hand man, to go over best practices and other areas that could be improved.
That was when Jordan still owned the NBA’s Charlotte Hornets. Now he owns a NASCAR team, and 23XI Racing — along with Front Row Motorsports — is suing the stock car series over alleged antitrust violations.
Caught in the crosshairs is Polk, who was singled out in NASCAR’s countersuit as the mastermind for a near mutiny by the race teams over revenue sharing.
