Live Fast Motorsports confirmed today that they have sold their charter to Spire Motorsports. Live Fast Motorsports currently owns the No. 78 car and charter, which Spire will acquire in the deal.
Spire currently fields the No. 7 car piloted by Corey LaJoie and the No. 77 car driven by Ty Dillon. It is unsure whether Ty Dillon will be returning to Spire after this season. Corey LaJoie is returning next season on a multi-year deal signed earlier this year.
There has not been a driver announcement for the new Spire Motorsports No. 78 car.
This deal will make Spire Motorsports a three-car full-time race team for the first time in its history as a NASCAR Cup Series race team. This purchase comes at a time when charters are skyrocketing in price. This is also close to when teams are expected to receive a bigger share of the revenue NASCAR generates. This revenue will come through the new upcoming TV deal that is being worked on by NASCAR and TV broadcast partners. The current TV deal expires in 2025, and the new one will start during the 2025 season.
It’ll be exciting to see how this team does with three cars and if Spire can continue being on the cutting edge of NASCAR.
