Michael Jordan’s NASCAR Team Holding Out on New Charter Agreement

Basketball legend Michael Jordan, who co-owns 23XI Racing, is not happy with NASCAR’s proposed charter agreement.

2024 Regular Season Champion, Tyler Reddick, driver of the #45 Upper Deck Toyota, poses with Curtis Polk, 23XI Racing co-owners, NBA Hall of Famer, Michael Jordan, and Denny Hamlin, driver of the #11 Sport Clips Haircuts Toyota, after the NASCAR Cup Series Cook Out Southern 500 at Darlington Raceway in Darlington, S.C., on Sept. 1, 2024. Meg Oliphant/Getty Images

Basketball legend Michael Jordan, who co-owns 23XI Racing, is unhappy with NASCAR’s proposed charter agreement and has not signed the requisite documents approved by other teams.

Jordan, who has become more involved in the business of NASCAR, released a statement on Saturday outlining his team’s position on the proposed charter agreement.