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NASCAR Faces Antitrust Lawsuit from Teams, Including Michael Jordan’s 23XI Racing.

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According to reports from ABC News, NASCAR is facing a federal antitrust lawsuit filed by two teams, including one co-owned by Michael Jordan, over the sport’s new charter system and revenue-sharing model. The lawsuit, filed by 23XI Racing and Front Row Motorsports, claims that NASCAR’s practices unfairly bind teams to the series, its tracks, and suppliers, limiting competition in the sport.

Key points of dispute include:

Teams seeking an increase from their current 25% cut of the broadcast contract1

Demands for a larger share of overall revenue, a voice in governance, and a cut from NASCAR’s earnings on participants’ names, images, and likenesses2

Requests for charters to become permanent, which NASCAR has refused2

Teams’ desire for a more equitable system that allows for long-term enterprise value, similar to other professional sports leagues2

The disagreement has escalated to the point where some teams have hired a top antitrust lawyer to advise them in negotiations, signaling a potential legal battle over the future of NASCAR’s economic structure34.

The antitrust lawsuit against NASCAR raises significant legal questions about the organization’s market power and competitive practices. NASCAR’s ownership of 44% of tracks and its close relationship with Speedway Motorsports Inc. (SMI), which owns another 37%, could be seen as potentially anticompetitive

1

. The teams argue that NASCAR’s control over tracks, media rights, and revenue distribution unfairly limits their options and financial viability

2

.However, NASCAR may have some defenses against antitrust claims. The organization could argue that it faces competition from other racing series like IndyCar and Formula 1, and that teams are free to race elsewhere

1

. Additionally, NASCAR’s open entry system for some race spots and the existence of independent tracks could be used to counter monopoly allegations

3

. The outcome of this case could have far-reaching implications for the structure and economics of professional stock car racing in the United States.

Last Updated on October 3, 2024 by Gracy News

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Top 5 Online Games in the U.S. Where You Can Win Real Money in 2024.

Top 5 Online Games in the U.S.

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Here are five of the best online games in the U.S. that offer opportunities to win real money:

Lucktastic

A popular scratch card game where players can win cash prizes up to $10,000 daily. It’s free to play and offers daily scratch tickets, with additional points redeemable for gift vouchers.

Game of Thrones Slots Casino

This slot game immerses players in the world of the iconic series, featuring themed slots and bonuses. Players can enjoy a chance to win while engaging with familiar characters and storylines

 

Betonline

A comprehensive platform for sports betting and casino games, BetOnline offers various promotions and a wide range of betting options, making it attractive for both sports fans and casino enthusiasts

 

Wild Casino

Known for offering up to $5,000 in bonuses, Wild Casino features a mix of classic and new casino games. Its user-friendly interface makes it easy for players to explore different gaming options.

Draft kings

Initially famous for fantasy sports,  also provides various betting options, including traditional sports betting and daily fantasy contests, allowing players to win substantial payouts.

These games not only provide entertainment but also the potential for real monetary rewards.

Last Updated on October 19, 2024 by Gracy News

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Mbappes Impressive Goal Streak.

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Kylian Mbappé continued his impressive form by scoring his sixth goal in five matches, helping Real Madrid secure a 3-2 victory over Deportivo Alaves in the Spanish La Liga. The win, which marked Carlo Ancelotti’s 300th game as head coach, keeps Real Madrid in close pursuit of league leaders Barcelona.

Kylian Mbappé has been instrumental in Real Madrid’s recent performances, showcasing his prolific scoring ability. Since joining from Paris Saint-Germain, Mbappé has netted seven goals in nine matches, tying with Barcelona’s Robert

Lewandowski as the league’s top scorer with six goals. His scoring prowess was highlighted in the match against Alaves, where he executed a brilliant give-and-go with Jude Bellingham, finishing with a deft move to evade a defender before finding the net. This goal marked his fourth consecutive game scoring for Madrid, underscoring his growing influence and adaptation to La Liga.

Last Updated on September 26, 2024 by Gracy News

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Best Fishing Spots in Canada.

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Best Fishing Spots in Canada

Canada is a fishing paradise, with countless lakes, rivers, and coastlines teeming with a variety of fish species. Here are some of the top fishing destinations in Canada for 2024:

Lake Ontario, Ontario

Lake Ontario is renowned for its diverse fishery, with over 120 species including Chinook Salmon, Brown Trout, Pike, Walleye, and Bass. Fish for trophy Salmon from July to September or target Trout in the spring. The nearby Niagara Falls also makes for a stunning backdrop.

The Cowichan River, British Columbia

The Couchant River is a fly fishing mecca, offering excellent opportunities to catch Steelhead, Cutthroat Trout, and Coho Salmon in a picturesque setting.

Bow River, Alberta

The Bow River is one of Canada’s premier fly fishing destinations, home to Rainbow Trout, Brown Trout, Brook Trout, Bull Trout, Cutthroat Trout, and Rocky Mountain Whitefish.

Last Mountain Lake, Saskatchewan

Last Mountain Lake is a top spot for Walleye fishing and offers great ice fishing conditions in the winter.

Lake Dauphin, Manitoba

Lake Dauphin is known for its trophy-sized Walleye and Northern Pike, with excellent year-round fishing. The shallow areas make it ideal for shore fishing, kayaking, and ice fishing in the winter.

The Gander River, Newfoundland

The Gander River is a renowned Atlantic Salmon river, offering world-class fly fishing in a remote and scenic setting.Other notable fishing destinations include:

  • Vancouver Island, British Columbia for Salmon and Halibut
  • Georgian Bay, Ontario for Small mouth Bass, Northern Pike, and Walleye
  • The Thousand Islands, Ontario for Muskie, Bass, Pike, and Perch
  • Cape Breton Island, Nova Scotia for Mackerel, Striped Bass, and Atlantic Salmon
  • Lake Louise, Alberta for Rainbow Trout, Brook Trout, and Lake Trout
  • The Gaspé Peninsula, Quebec for Atlantic Salmon

With so many incredible fishing opportunities across the country, Canada is a dream destination for anglers of all levels. Be sure to check local regulations, obtain necessary licenses, and practice catch-and-release to help preserve fish populations for the future.

 

Last Updated on September 23, 2024 by Gracy News

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