Michael Jordon joining Denny Hamlin to buy NASCAR team

NBA legend Michael Jordan has purchased a NASCAR Cup Series Charter and Bubba Wallace will be the driver for ‘His Airness’ when the 2021 NASCAR Cup Series season begins.  Jordon will be the majority owner while Denny Hamlin will be minority owner of the team.

“Growing up in North Carolina, my parents would take my brothers, sisters and me to races, and I’ve been a NASCAR fan my whole life,” said Jordan. “The opportunity to own my own racing team in partnership with my friend, Denny Hamlin, and to have Bubba Wallace driving for us, is very exciting for me.  Historically, NASCAR has struggled with diversity and there have been few Black owners. The timing seemed perfect as NASCAR is evolving and embracing social change more and more. In addition to the recent commitment and donations I have made to combat systemic racism, I see this as a chance to educate a new audience and open more opportunities for Black people in racing.”

Jordon currently owns the NBA Charlotte Hornets. Hamlin and Jordon have been friends and business associates through the Jordan Brand.

“Starting a race team has been something that Michael and I have talked about while playing golf together over the years, but the timing or circumstances were never really right,” said the 39-year-old Hamlin. “It just makes sense now to lay the foundation for my racing career after I’m done driving and also help an up-and-coming driver like Bubba take his career to a higher level. Plus, Michael and Bubba can be a powerful voice together, not only in our sport, but also well beyond it.”

Wallace, the series’ lone Black driver, has made 105 career starts at NASCAR’s Cup level, all with Richard Petty Motorsports. He has five top-10 finishes this year, including a fifth place run in the regular-season finale at Daytona International Speedway, which is also site of his career-best finish – runner-up in the 2018 Daytona 500. Wallace recently announced he would not be returning to RPM after this season.

“This is a unique, once-in-a-lifetime opportunity that I believe is a great fit for me at this point in my career,” said Wallace, who is the first African-American driver to race full-time at the NASCAR Cup Series level since Scott. “Both Michael and Denny are great competitors and are focused on building the best team they possibly can to go out and compete for race wins. I’m grateful and humbled that Michael and Denny believe in me and I’m super pumped to begin this adventure with them.”

With the completed purchase of a NASCAR team charter from Germain Racing, Jordan becomes the first Black majority owner of a full-time race team in NASCAR’s premier series since NASCAR Hall of Fame inductee Wendell Scott owned and raced his own car from the 1960s into the early 1970s.

The new team will field a Toyota in an alliance with Joe Gibbs Racing.