REVEALED: 23XI and FRM Suing NASCAR for Combined $365 Million in Damages

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REVEALED: 23XI and FRM Suing NASCAR for Combined $365 Million in Damages

23XI and FRM are seeking $215.8 million and $148.9 million, respectively, in the lawsuit. The lost profits from reduced revenues amounted to $41.3 million and $43.2 million for 23XI and FRM, respectively, for 2021-2024. The total reduction in market value as of 12/31/2024 was put at $163.8 million and $96 million by the two, 23XI claiming more due to Jordan's personal brand.


By Ankit Sharma

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