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.

The teams had won the injunction in December to allow them to race as chartered teams in 2025 as their lawsuit against NASCAR proceeds.

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