Using a complex formula applied to profits, a reduction in market revenue, and lost revenue to 23XI Racing and Front Row Motorsports from 2021-24, professor Edward Snyder came up with his amount of damages owed.
CHARLOTTE, N.C. — An economist testified in Michael Jordan’s federal antitrust trial against NASCAR that the racing series owes a combined $364.7 million in damages to the two teams suing it over a revenue-sharing dispute.
Edward Snyder, a professor ... [4875 chars]