There is a misconception out there that what’s happening here is the litigation will force a renegotiation. ... And I just want to make clear that that’s not going to happen.”

Around the deadline of signing the new charter agreement, which 23XI and FRM refused to sign, both teams decided to take legal action against NASCAR and its CEO Jim France, accusing both entities of "unlawful monopolization of premier sock car racing in order to enrich themselves at the expense of the premier stock car racing teams."

NASCAR on Wednesday filed a counterclaim against Michael Jordan-owned 23XI Racing and Front Row Motorsports for "willfully" violating antitrust laws by orchestrating anticompetitive collective conduct in connection with the most recent charter agreements.