The post Fiery Testimony From 23XI’s Denny Hamlin In Day 2 Of NASCAR Trial appeared on BitcoinEthereumNews.com.

NASCAR Driver Denny Hamlin (L) and wife Jordan Fish depart the Charles R Jonas Federal Building in Charlotte, North Carolina for the antitrust lawsuit filed by Michael Jordan’s 23XI Racing team against NASCAR. (Photo by Grant Baldwin/Getty Images) Getty Images The second day of the NASCAR Anti-Trust Trial in Federal Court in Charlotte, North Carolina included 23XI co-owner Denny Hamlin saying signing the NASCAR Charter Agreement would have been like signing his own “death certificate.” Also, NASCAR Senior Vice President and Chief Strategy Officer Scott Prime compared how LIV Golf disrupted golf and NASCAR was fearful of the same happening to stock car racing. At times, the cross-examination was “contentious” according to the Associated Press. Two NASCAR teams including 23XI co-owned by former NBA legend Michael Jordan and Denny Hamlin, and Front Row Motorsports are suing NASCAR over monopolistic practices and violation of anti-trust laws. Tuesday’s Trial Testimony Begins With Denny Hamlin On The Stand Hamlin spent a second day on the stand, including more than three hours on Tuesday, December 2. During the testimony, Hamlin revealed he makes approximately $14 million a year from Joe Gibbs Racing and emphasized how his co-ownership in 23XI Racing is an investment into the future of NASCAR. According to The AP, Hamlin testified he is the 40 percent owner of 23XI and has invested $45 million into the team. During cross examination, Hamlin testified he has put in more than $10 million and the rest are though loans. Hamlin and Jordan created 23XI Racing in 2021 and he projected a $900,000 profit in the first year. The team made more than $3 million in 2023 and built a $35 million shop that opened in 2024. NASCAR attorneys contended the budget for the shop was $9 million to $10 million and the team’s spending…

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Filed under: News - @ December 3, 2025 12:31 am