CHARLOTTE, N.C. — Denny Hamlin, a three-time Daytona 500 winner, has outlined the financial struggles facing NASCAR teams.

He testified Tuesday in a federal antitrust trial against NASCAR, saying his team spent more than $700,000 just in fees to the series in 2022. The trial began Monday, brought by 23XI Racing, co-owned by Hamlin and Michael Jordan, and Front Row Motorsports.

They argue NASCAR’s revenue model is unfair. Hamlin said losing a single sponsor could erase profits. He also criticized a TV deal that favors streaming over traditional sponsors.

The trial is expected to last two weeks. NASCAR denies any wrongdoing.

Serena says no more tennis

Serena Williams has thrown cold water on the idea that she might be preparing to return to tennis.

Williams wrote on social media Tuesday that she is “NOT coming back,” after a spokesman for the International Tennis Integrity Agency said the 23-time Grand Slam champion had registered with the sport’s drug-testing body.

That is the first step that would be required by a player seeking to come out of retirement. The 44-year-old Williams has not competed since the 2022 U.S. Open.

At the time, Williams said she didn’t want to use the word “retiring” and instead declared that she was “evolving” away from tennis.

Williams’ older sister, Venus, returned to competition this July at age 45 after nearly 1.5 years away from the tour; she never had announced her retirement. At the U.S. Open, Venus became the oldest player to play singles at the American Grand Slam tournament since 1981.

The Associated Press