A recent decision by a federal appellant panel could lead to 23XI Racing becoming an open team in the next few weeks.

Open teams earn significantly less money from race purses than chartered organizations and also have the opportunity to miss races should more than 40 cars attempt to qualify. However, 23XI Racing co-owner Denny Hamlin made it clear that his organization won't be changing anything this year.

Denny Hamlin's race team 23XI Racing - which he owns with NBA legend Michael Jordan - is at risk of losing 'tens of millions'.