What are the 10 Richest NASCAR Teams?
What are the 10 Richest NASCAR Teams? NASCAR, which stands for the National Association for Stock Car Auto Racing, is in charge of several auto racing sports. Bill France, Sr. started it in 1947 and 1948, and it has grown to be the largest stock car racing organization in the United States. The NASCAR Sanctioned Series is where NASCAR teams race. Since motor racing is a dangerous sport, it makes sense that the winning teams get a lot of money. These teams are also sponsored by some of the biggest brands. So, NASCAR teams also make a lot of money. Let’s look at the 10 most valuable NASCAR teams of all time.
1. Hendrick Motorsports – $350 million
Rick Hendrick started the American Hendrick Motorsports or HMS auto racing team in 1984. Before that, it was called All-Star Racing. The team is in the NASCAR Sprint Cup Series right now. Over the past year, the team’s value has gone down by almost 2%, and its value is $350 million.
2. Joe Gibbs Racing – $225 million
The former Washington Redskins coach Joe Gibbs and his son JD Gibbs own and run the NASCAR Joe Gibbs Racing (JGR) racing team. Joe has been racing on the NASCAR circuit since 1991. The team is based in Huntersville, NC, which is near Charlotte. Josh Grant, a JGR-MX rider, won the JGRMX rider at Angel Stadium in 2009. This was after the team’s first race on January 5, 2008.
3. Stewart-Haas Racing – $180 million
NASCAR Stewart-Haas Racing is based in Kannapolis, North Carolina. It is currently owned by Gene Haas, who started Haas Automation, and Tony Stewart, who has won the Sprint Cup Series three times. When Gene Haas was getting ready to start his own team in 2003, he started the team as Haas CNC Racing.
4. Roush Fenway Racing – $157 million
NASCAR Racing Teams Roush Fenway Racing, which used to be called Roush Racing, is one of the biggest and best racing teams in NASCAR. They currently race in the Sprint Cup and Xfinity Series. The team also raced in the Camping World Truck Series. In the past year, the team’s value has gone down by almost -6% and it has made a total of $6.4 million.
5. Richard Childress Racing – $170 million
The NASCAR Richard Childress Racing team is run by RCR Enterprises, LLC and is based in Welcome, North Carolina. The team is now owned by Richard Childress, who used to be a pilot. Dale Earnhardt, Ricky Rudd, and Neil Bonnett are just a few of the well-known NASCAR drivers whose cars have been set up by the team. In addition, Richard Childress recently said that on December 11, 2013, his grandson Austin Dillon would drive for the team.
6. Team Penske – $135 million
The NASCAR Penske Racing Team, which used to be called Penske Racing, is now in both the IndyCar Series and the NASCAR Series. The team has also been in Formula 1 and road races in the past. Team Penske is a part of the Penske Corporation, and Roger Penske owns it right now. Tim Cindric is the leader of the racing team right now. The team’s first race was in 1969 at Indianapolis. Within three years, they had become one of the best teams.
7. Chip Ganassi Racing — $65 million
Chip Ganassi Racing, which is sometimes called Chip Ganassi Racing with Felix Sabates, races cars in NASCAR, the Verizon IndyCar Series, and the TUDOR United SportsCar Championship right now. The team is now owned by businessman Chip Ganassi. Felix Sabates is a co-owner of the NASCAR and Rolex Sports Car Series parts of the team. Mike Hull and Teresa Earnhardt had shares in the team in the past.
8. Richard Petty Motorsports — $48 million
Richard Petty Motorsports, or RPM, is an American racing team that is currently in the NASCAR Sprint Cup Series. Andrew M. Murstein, a businessman from New York, and Richard Petty, who has won seven NASCAR championships, now own the team. Ray Evernham, who used to be the team manager, set up Evernham Motorsports in 2000. Since the beginning, Dodge has helped the Richard Petty Motorsports team. At the end of 2009, the team switched to Ford.
9. Red Bull Racing Team – $48 Million
Dietrich Mateschitz, who started Red Bull, and Chaleo Yoovidhya, own the American Red Bull Racing Team, which is also called Team Red Bull. The team was based in the U.S. city of Mooresville, North Carolina, until December 8, 2011, when it stopped working. The team bought several race cars from Bill Davis Racing because they didn’t have the materials to make their own.
10. Furniture Row Racing – $24 million
Barney Visser’s company in Denver, Colorado, is worth $24 million, but it is growing this year by adding Erik Jones on what is likely a one-year contract. Martin Truex Jr. has done well for the team. He made it to the championship four in 2014 and just missed the top 10 last year. Jones will give the team style and give people something to talk about, as he will be in the running for Rookie of the Year.