NASCAR settles its year-long antitrust battle with 23XI and Front Row, ending a tense trial and securing stability for teams and the sport.

NASCAR was filed, the words spoken then by 23XI Racing and Front Row Motorsports' lead counsel were proven correct, says Kelly Crandall.

Several team investors and industry executives feel charter values have gone up overnight with the establishment of evergreen provisions from the settlement of NASCAR's antitrust trial.

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.