Michael Jordan and NASCAR settled a federal antitrust lawsuit that accused the racing league of being a monopolistic bully, with NASCAR agreeing to make charters permanent.

Jordan explains that he did this because he thought, "Someone had to step forward and challenge [NASCAR]."

The federal antitrust trial against NASCAR opened Monday with the star power of Michael Jordan on hand as a jury of nine was seated to hear allegations that the stock car series is a monopolistic bully that leaves its teams no option but to comply with rules and financing they…