Despite the team owners' contentions, NASCAR itself has maintained optimism that they will be able to reach a deal. Several weeks ago at the CAA World Congress of Sports in Los Angeles, NASCAR COO Steve O'Donnell stated that the sanctioning body was "very close" to reaching an agreement on charter renewals.

XI Racing co-owner Michael Jordan told The New York Times that NASCAR’s unwillingness to create permanent charters for Cup teams is “a big, big miss” and that “if you don’t correct that, the sport’s going to die not because of the competition aspect,

NASCAR executives have been under the radar for hogging the pie more than they need. The post "The Only One Making Money"- Facing Huge Ownership Loss, Michael Jordan Exposes NASCAR's Greed appeared first on EssentiallySports.

The debate over the current system within NASCAR has exploded into a major discourse between members of the motorsports community as Michael Jordan had his say.

Michael Jordan is making his voice heard on a major NASCAR issue as the sport works toward a new charter agreement. The current charter runs through the 2024 season. The major issue the governing body and its racing teams are working through involves permanent charters.