A three-judge federal appellate panel ruled Thursday in favor of NASCAR in the antitrust lawsuit filed by two teams, one owned by Michael Jordan, and vacated an injunction that required 23XI and Front Row be recognized as chartered teams as their case snakes through the legal system.

Both race teams sued NASCAR late last year after refusing to sign new agreements on charter renewals. The charter system is similar to franchises in other sports, but the charters are revocable by NASCAR and have expiration dates. 23XI, which is owned by Jordan and three-time Daytona 500 winner Denny Hamlin, allied with Front Row in suing NASCAR after 13 other organizations signed the renewals last September and those two organization refused.

“We are disappointed by today’s ruling by the Fourth Circuit Court of Appeals and are reviewing the decision to determine our next steps,” said Jeffery Kessler, attorney for 23XI and Front Row.

The two teams sued and asked for a temporary injunction that would recognize them as chartered teams for this season. The antitrust case isn’t scheduled to be heard until December.

NFL

Ravens extend Bateman’s contract through 2029 >> The Baltimore Ravens gave out another contract extension to a key offensive player, signing receiver Rashod Bateman through 2029.

The three-year, $36.75 million extension includes $20 million in guarantees, according to a person with knowledge of the deal who spoke to The Associated Press on condition of anonymity because terms hadn’t been announced.

The 25-year-old Bateman is coming off his fourth pro season and easily his best. After some injuries early in his career, he played all 17 games in 2024, catching 45 passes for 756 yards and nine touchdowns.

Colts QB Richardson is sidelined indefinitely >> Indianapolis Colts quarterback Anthony Richardson has a shoulder injury that will sideline him indefinitely, coach Shane Steichen said.

Richardson aggravated a joint in his throwing shoulder, which he had season-ending surgery on in October 2023, his rookie season. The third-year quarterback reported soreness in his right shoulder during last week’s organized team activities and hasn’t practiced since.

He will miss next week’s three-day mandatory minicamp. Steichen did not clarify if Richardson will be available for training camp later this summer.

MLB

MLB reinstates 4 players after betting bans >> Major League Baseball’s one-year suspensions for betting on the sport ended for four players Thursday — San Diego starter Jay Groome, Athletics relief pitcher Michael Kelly, Philadelphia infielder José Rodríguez and Arizona reliever Andrew Saalfrank.

The A’s announced they reinstated Kelly.

Saalfrank was optioned to the Diamondbacks’ rookie-level Arizona Complex League.

The Padres have not announced their plans for Groome, but the Athletic reported he was not offered a contract, making him a free agent.

White Sox reach agreement for potential future sale >> The Chicago White Sox have reached an agreement that will give Justin Ishbia, the brother of Phoenix Suns owner Mat Ishbia, the chance to buy a future controlling interest in the club.

Ishbia will make capital infusions into the White Sox as a limited partner in 2025 and 2026, which will be used to pay down existing debt and support ongoing team operations.

Boxing

Olympic star, 3-time pro champ Lomachenko retires >> Vasiliy Lomachenko has announced his retirement from boxing after a decorated career that included two Olympic gold medals and professional world titles in three weight classes.

Lomachenko announced his decision with a video on social media Thursday.

The Ukrainian star burst onto the international boxing scene at the Beijing Olympics in 2008, when the 20-year-old prospect steamrolled the competition. He showed off athleticism, footwork and ring intelligence far beyond his years, clearly marking himself as a once-in-a-generation talent.