Floyd Mayweather is reportedly close to becoming a NASCAR Cup Series team owner with his The Money Team Racing,
After more than a year of rumours spreading about the legendary boxer’s new venture in the NASCAR industry, it seems that the plans are finally taking a concrete shape.
While at first, the team’s official website provided details about the team, the information is replaced by the words “COMING SOON” for now.
However, Sport Business Journal’s Adam Stern, reported that TMT Racing is in discussions with Spire Motorsport to form a new partnership.
— Adam Stern (@A_S12) December 23, 2020
As per the plan, Mayweather’s team will be using one of Spire Motorsports’ three charters to run a full-time entry in 2022.
Additionally, Fox Sports’ Bob Pockrass reported that the TMT Racing wanted to purchase charters in 2020 but were unable to do so.
Hearing the same. Deal not totally done. The Money Team attempted to buy charters this year but didn’t land one. Working with Spire would allow team to work on cultivating sponsors and then be prepared to run its own team in following years. https://t.co/X7U3Q08sbZ
— Bob Pockrass (@bobpockrass) December 23, 2020
It seems only a matter of time before the TMT Racing makes its Cup Series debut.