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Chip Ganassi Sells NASCAR Team to Trackhouse Racing

“He made me a great offer that required my attention,” Ganassi said as he sold his NASCAR team to Justin Marks, owner of Trackhouse Racing, and will pull out of the nation’s top stock car series at the end of this season.

Currently, Ganassi fields two cars in the Cup Series. Overall, Ganassi’s teams have 19 championships and more than 230 victories, including four in 2021. His win total also includes four Indianapolis 500s, eight Rolex 24 At Daytonas, the 12 Hours of Sebring and 24 Hours of Le Mans.

“My NASCAR team was not for sale,” Ganassi said. “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.”

“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.”

Marks said he called Ganassi out of the blue to make his pitch.

“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.”

Trackhouse Racing will acquire all NASCAR equipment and the two charters from CGR, and the changes will go into effect after the 2021 Cup Series season.

Trackhouse Racing currently has one Cup Series team with 2016 NASCAR Xfinity Series champion Daniel Suarez as the driver of the No. 99 Chevrolet. It was revealed Wednesday that Suarez will continue with Trackhouse in 2022 with a second driver to be named later. 

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