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.”

NASCAR stated in court documents that the two teams and Curtis Polk “embarked on a strategy to threaten, coerce, and extort NASCAR into meeting their demands for better contract and financial terms.”

NASCAR's revenue-sharing charter system is under threat of being disbanded according to a Wednesday counterclaim filed by the stock car series against Michael Jordan-owned 23XI Racing and Front Row Motorsports that singles out Jordan's longtime business manager.

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 sued 23XI Racing and Front Row Motorsports, saying in court documents that the two companies want to eliminate the charter system.

NASCAR never asked for a charter system, but ironically, it finds itself defending the business model as it takes on 23XI Racing and Front Row Motorsports. Chris Yates, the league’s lead counsel,

NASCAR filed a countersuit against Michael Jordan's race team 23XI Racing and Front Row Motorsports on Wednesday, March 5 in response to a federal suit filed in October.

XI and Front Row Motorsports were the only two teams out of 15 that refused to sign new charter agreements, which were presented to the teams last September in a take-it-or-leave-it offer a mere 48 hours before the start of NASCAR's playoffs.