The team was co-founded in 2020, with Jordan, NASCAR star Denny Hamlin, and Curtis Polk putting their heads together.
The 23 in the team name represents Jordan's iconic number when playing for the Chicago Bulls, whilst Hamlin currently races in the 11 car, or 'XI' in Roman numerals.
Since their founding, 23XI have gone from strength to strength, winning seven races and claiming a regular season drivers' championship last month, too.
Despite that, it has now been announced that 23XI Racing - along with Front Row Motorsports - have filed a lawsuit against NASCAR.
As part of the announcement of the lawsuit, Jordan himself spoke out, making it very clear he is willing to fight for what he believes in: “Everyone knows that I have always been a fierce competitor, and that will to win is what drives me and the entire 23XI team each and every week out on the track,"
"I love the sport of racing and the passion of our fans, but the way NASCAR is run today is unfair to teams, drivers, sponsors, and fans.
"Today’s action shows I’m willing to fight for a competitive market where everyone wins.”