During the May hearing, judges had warned the teams their claim came across as “having your cake and eating it, too.”

A United States appeals court on Thursday vacated a preliminary injunction that allowed Michael Jordan's 23XI Racing and another NASCAR team to be treated as chartered teams, putting the teams' futures in NASCAR in question.

Well a district court judge granted 23XI an injunction back in December that required NASCAR to permit the team to run as chartered cars for 2025, citing in part a clause in Reddick’s contract that requires 23XI to provide a chartered car for the driver as well as threats from sponsors to pull out if the team wasn’t chartered.