After 20 years of NASCAR competition and 19 race wins in the NASCAR Cup Series, Chip Ganassi Racing will leave North America's premier stock car division at the conclusion of the 2021 season. Ganassi's Charlotte-based NASCAR operation will be sold to up-and-coming motorsports team Trackhouse Racing.
Is Chip Ganassi Racing being sold?
Chip Ganassi Racing has sold its 22-acre headquarters to a top competitor as the Concord-based NASCAR team shuts down. A limited liability company whose mailing address is the same as Hendrick Automotive Group in Charlotte bought the Ganassi team property for $10.2 million on Sept.
What's happening with Chip Ganassi Racing?
Chip Ganassi sold his NASCAR team to Justin Marks, owner of Trackhouse Racing, and declared Wednesday that he will pull out of the nation's top stock car series at the end of this season. Ganassi fields two cars in the Cup Series but will transfer his North Carolina race shop and all its assets to Marks for 2022.
Who is driving for Chip Ganassi in 2021?
Chip Ganassi Racing has two drivers in the Cup Series in 2021, 2004 Cup champion Kurt Busch in the No. 1 Chevrolet and rookie Ross Chastain in the No. 42 Chevrolet.
Who bought out Chip Ganassi?
CONCORD, N.C. — The Chip Ganassi Racing shop in Concord is under new ownership, real estate records show. On Sept. 3, an entity affiliated with Hendrick Automotive Group acquired the Ganassi shop for $10.2 million, according to Cabarrus County real estate records.
31 related questions foundWho is leaving NASCAR?
Cup champion Kyle Larson's final burnout for 2021
Another recognizable and long-tenured NASCAR sponsor is leaving the Cup Series. Joe Gibbs Racing and Mars announced on Monday that 2022 would be the company's final season sponsoring two-time Cup Series champion Kyle Busch.
Who just bought a NASCAR team?
Kurt Busch will drive next season for 23XI Racing, the NASCAR team owned by Denny Hamlin and Michael Jordan, in a long expected expansion move for the first-year organization. Hamlin, the three-time Daytona 500 winner, partnered with Jordan this year to start a team centered around Bubba Wallace.
Who did Ganassi sell his NASCAR team to?
That's why it was big news last week when Ganassi, who is based in Pittsburgh, sold his NASCAR team to Justin Marks, owner of Trackhouse Racing. “He made me a great offer that required my attention. The team wasn't for sale,” Ganassi told The Associated Press. “I'm not out of racing, I'm just out of NASCAR.
Did NASCAR get sold?
Richard Petty Motorsports will sell a majority interest in its iconic NASCAR team to GMS Racing owner Maury Gallagher, the teams announced Wednesday. Gallagher's team announced in the fall its plans to run a full-time entry in the Cup Series in 2022.
Will NASCAR go out of business?
NASCAR is not dying. NASCAR viewership is decreasing, and attendance at races has been dropping, but there is no sign of NASCAR going away anytime soon. With so much popularity and money still involved in the sport, NASCAR is unlikely to die out.
Who is on Chip Ganassi team?
Chip Ganassi Racing has two drivers in the Cup Series in 2021, 2004 Cup champion Kurt Busch in the No. 1 Chevrolet and rookie Ross Chastain in the No. 42 Chevrolet.
When did Chip Ganassi join NASCAR?
2000-2001: Transition to Chip Ganassi Racing
In 2000, former Winston Cup Rookie of the Year Kenny Irwin, Jr.
Where did Chip Ganassi make his money?
Chip Ganassi Net Worth: Chip Ganassi is a former American racecar driver and current racecar owner who has a net worth of $40 million. Chip Ganassi was born May 24, 1958 in Pittsburgh, Pennsylvania where he won his first auto race in a Formula Ford at the age of 18.
Is Michael Jordan involved with NASCAR?
Wallace's victory at Talladega was the first for 23XI Racing and the first as a NASCAR car owner for NBA legend Michael Jordan, who co-owns the team alongside Cup Series star and business partner Denny Hamlin.
Does Emmitt Smith own a NASCAR team?
Since our story, Emmitt has decided to officially team up with Iwuji as the co-owner of Jesse Iwuji Motorsports, a new NASCAR team. Jesse is the driver for the team, which is set to run a full-time schedule in 2022.
Is Emmitt Smith a NASCAR owner?
NFL legend Emmitt Smith begins tenure as a NASCAR owner.
Is M&Ms leaving NASCAR?
One of the most recognizable NASCAR sponsors, M&M Mars, announced on Monday that they will stop sponsoring Kyle Busch in 2022. The two-time Cup Series champion has been sponsored by M&M Mars since 2008 when he joined Joe Gibbs Racing.
Why did Kyle Busch leave Hendrick?
When the decision to let Kyle Busch leave his stable after the 2007 campaign where he finished 5th overall a red flag of caution was wandering over his head. Hendrick decided to let Busch go to the highest bidder which happened to be Joe Gibbs Racing and Toyota Motorsports.
Is Kyle Busch losing his sponsor?
M&M Mars will be pulling out of NASCAR after the 2022 season, leaving Kyle Busch of Las Vegas without a primary sponsor after 15 years.
Who are Ganassi drivers?
Bamber, Bourdais, Ericsson, Dixon, Lynn, Magnussen and van der Zande — this group drives as one.” We're please to announce an all-star lineup of full-time drivers for the 2022 IMSA WeatherTech SportsCar DPi Championship, and our Rolex 24 lineup!
What numbers does Chip Ganassi own?
Presently, Chip Ganassi Racing currently fields the No. 1 and No. 42 Chevrolet for drivers Kurt Busch and Ross Chastain. While the status of both drivers with Trackhouse are up in the air for 2022, Marks confirmed to reporters at the NASCAR Hall of Fame that both are his top two options for Trackhouse's second car.
