Michael Jordan’s 23XI Racing has officially settled its antitrust lawsuit with NASCAR after more than 15 months of courtroom battles. The agreement restores charters to both 23XI and Front Row Motorsports,

Michael Jordan’s 23XI Racing has officially settled its antitrust lawsuit with NASCAR after more than 15 months of courtroom battles. The agreement restores charters to both 23XI and Front Row Motorsports, who had previously surrendered them to pursue the case, and introduces new “evergreen” charter language that teams have pushed for in negotiations. Financial terms were not disclosed.

Had the case gone to a jury, NASCAR faced potential damages exceeding 300 million dollars and possible structural changes to the sport.

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