Trackhouse Racing announces purchase of Chip Ganassi Racing’s NASCAR team

Trackhouse Entertainment Group and Trackhouse Racing announced Wednesday afternoon the purchase of Chip Ganassi Racing’s NASCAR operation. The acquisition will be effective at the end of the 2021 season.

Daniel Suárez, who has three top-10 finishes this season, will continue with the team next year in the NASCAR Cup Series and a second driver will be named at a later date.

The announcement was made by Trackhouse team president Ty Norris and Trackhouse Entertainment Group founder, Justin Marks. Co-owner, Pitbull, formally known as Armando Perez, was not present for the announcement.

“This process took several weeks and I want to thank Chip for being so open and candid with me every step of the journey,” Marks said. “Chip has built an iconic motorsports empire and the Ganassi brand is globally recognized as a winner in the auto racing industry. It is truly an honor that we can build from that foundation.”

Although Chip Ganassi said that his team was not for sale, the offer was appealing for a number of reasons.

“I think this is a great day for NASCAR as it seems like there are so many people that are wanting to get into the sport as owners – Michael Jordan, Pitbull, Denny and plenty of others. They are bringing new perspective, vision and insight which is great for the sport.

“Justin simply came to me with a great offer and an even better vision. As everyone knows, I care deeply for my employees so selling to someone like Justin, who is part of the CGR family, made the reality of selling much easier. He knows our organization and the people. That gives me comfort.”

Ganassi will continue to be involved in racing, stating, “Everyone needs to know that I am still completely dedicated to the motorsports industry and will continue to run my other teams in INDYCAR, IMSA and Extreme E with the same enthusiasm that I always have.”

Marks confirmed that the new team will operate out of Ganassi’s current race shop in 2022.

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of SpeedwayMedia.com

Angie Campbell
Angie Campbell
A native of Charlotte, NC, Angela (Angie) was first introduced to racing by her father. An avid fan of NASCAR, she found a way to combine her love of racing with her passion for writing. Angie is also an award-winning member of the National Motorsports Press Association. Follow her on Twitter @angiecampbell_ for the latest NASCAR news and feature stories.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

RacingJunk.com and Leaf Racewear Safety Equipment Giveaway

Latest articles

Jesse Love speeds to second Xfinity pole of 2025 at Talladega

The 2023 ARCA Menards Series champion from Menlo Park, California, clocked in a pole-winning lap at 182.240 mph in 52.546 seconds, which was enough to claim the top-starting spot for a second time in 2025 at Talladega.

Historic Sportscar Racing (HSR) and Michelin Announce Multi-Year Partnership

Officials from Michelin North America, Inc. and Historic Sportscar Racing (HSR) today announced a multi-year agreement

Kalitta Focused on Winning NHRA’s 1,000th; Langdon Looks for Rebound; Todd, DHL Team Seek...

This weekend’s historic 1,000th Top Fuel race winner will accept a special NHRA “Wally” trophy as the 1,000th Top Fuel winner in NHRA history

The Non-Economic Damages Victims of Car Accidents Can Recover

An El Cenizo car accident attorney can help explain how to recover not just the economic damages, but also the non-economic damages.

Best New Zealand Online Casinos