Founder Justin Marks announced today that his Nashville-based Trackhouse Entertainment Group has bought Chip Ganassi Racing’s NASCAR operation.
Terms were agreed quickly after Marks phoned up Ganassi to discuss the potential deal within the last few months.
“This is a landmark moment for Trackhouse Racing,” said Marks. “It is humbling to know we have secured our position in NASCAR for the next decade. These are never decisions made without a lot of thorough consideration and deep reflection by both parties. This process took several weeks and I want to thank Chip for being so open and candid with me every step of the journey. 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. This acquisition provides Trackhouse a platform for years to come, enabling us to field multiple teams, elevate our on-track performance, deliver great value for our sponsors and partners, build lasting community impact programs and continue to grow our brand beyond the sports conversation.” ‘
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Chip Ganassi Racing fields two cars in the NASCAR Cup Series however, they will now transfer his North Carolina race shop and all its assets to Marks for the 2022 season after the final Cup Series race on Nov. 7, 2021.
Trackhouse Entertainment Group (Justin Marks) has purchased Chip Ganassi Racing’s NASCAR operation.
— Bob Pockrass (@bobpockrass) June 30, 2021
“He made me a great offer that required my attention,” Ganassi told The Associated Press.
“I’m not out of racing, I’m just out of NASCAR,” Ganassi said. “I still have an IndyCar team. I still have an IMSA sports car team. I still have a Formula E team. I had an offer that I was required to consider.”
CGR won both the Daytona 500 and the Brickyard 400, two of the biggest races in NASCAR, with Jamie McMurray in 2010. Who currently fields a pair of Chevrolets for Kurt Busch and Ross Chastain.