"We are disappointed by today’s ruling by the Fourth Circuit Court of Appeals and are reviewing the decision to determine our next step," attorney Jeffrey Kessler said via David

XI Racing frontman Michael Jordan already provided his opinions on the NASCAR economic model after a court ruled against him in his ongoing anti-trust case.

A federal appeals court ruled in favor of NASCAR on Thursday in the sanctioning body’s ongoing legal battle with Michael Jordan’s 23XI Racing and Front Row Motorsports. The Fourth Circuit of Appeals in North Carolina overturned an injunction that allowed the teams to race as chartered teams as their lawsuit against NASCAR proceeded.