Latest news with #RickWareRacing
Yahoo
6 days ago
- Automotive
- Yahoo
Joey Logano earns $1 million bonus through new NASCAR program
Three-time Cup champion Joey Logano claimed a $1 million bonus for ranking first among Cup drivers in NASCAR's new Driver Ambassador Program. Sports Business Journal first reported the award. NASCAR Cup Series The Great American Getaway 400 - Practice Good news, bad news for NASCAR Cup drivers ahead of Atlanta weekend Advertisement Kyle Busch has finished in the top 10 in all five races at Atlanta with Richard Childress Racing. The program rewards drivers for promoting the sport in multiple ways. Drivers are awarded points based on how much they promote the sport, such as in interviews and appearances. The quality of the appearances is a factor along with a driver's standing in the sport. Former champions earn extra points. The year is divided into two terms. The first term concluded last weekend at Pocono. The second term goes beyond the end of the season. The top driver each term is paid $1 million. The driver in last in each term receives about $7,500, according to Sports Business Journal. NASCAR Xfinity: United Rentals 300 Qualifying Report: Former Cup team owner enters agreement to buy Rick Ware Racing Advertisement T.J. Puchyr, a former owner in Spire Motorsports, has entered an agreement to purchase the NASCAR team owned by Rick Ware. NASCAR confirmed the top three drivers for the just-completed term was Logano, Kyle Larson and Ryan Blaney. Sports Business Journal reported that the rest of the top 10 was Ross Chastain (fourth), Daniel Suarez (fifth), Chase Elliott (sixth), William Byron (seventh), Kyle Busch (eighth), Austin Dillon (ninth) and Chase Briscoe (10th). The money for the drivers comes from the new media rights deal, Sports Business Journal reported.
NBC Sports
6 days ago
- Automotive
- NBC Sports
Report: Former Cup team owner enters agreement to buy Rick Ware Racing
T.J. Puchyr, a former owner of Spire Motorsports, has entered an agreement to purchase Rick Ware Racing, according to a report Thursday by The Associated Press. No price was reported on the deal for the NASCAR Cup team. The Associated Press reported that Purchyr will keep Ware as a partner and that Ware's son, Cody, will continue to drive the No. 51 car in the Cup Series. The report also stated that all Rick Ware Racing employees will be retained. Puchyr and Jeff Dickerson became car owners when they purchased the charter from Furniture Row Racing for $6 million after the 2018 season. They formed Spire Motorsports, which won the July Cup race with Justin Haley in July 2019. Puchyr sold his shares of Spire last year to Dan Towriss, CEO of TWG Motorsports, The Associated Press reported. The AP reported that Puchyr believes the charters are undervalued. He was involved in Spire's purchase of Live Fast Motorsports' charter for $40 million in 2023. 'I am bullish on wanting to build a three-car team. I believe in the France family and the direction of the sport, and I want the rest of the shareholders and industry to know that I believe the charters are worth $75 million or more,' he told The Associated Press. Nate Ryan, Rick Ware Racing has two charters — one for the No. 51 car with Cody Ware and a second that is being leased to RFK Racing this year for the No. 60 car of Ryan Preece. Charters can only be leased once every seven years. Rick Ware Racing has a two-year deal with RFK Racing to lease both of its charters for one year each. Legacy Motor Club is suing Rick Ware Racing over a NASCAR charter purchase deal. Legacy Motor Club, which is owned by seven-time Cup champion Jimmie Johnson, alleges that Rick Ware Racing is backing out of its agreement to sell a charter to the team. Rick Ware Racing has filed a countersuit, claiming any agreement was for the 2027 season and not the 2026 season as Legacy Motor Club contends. Dustin Long, 'If anybody deserves a pass it is Jimmie and if he wants to sit down and talk about it like men, I'd entertain the conversation,' Puchyr told The Associated Press. 'I don't think Jimmie has all the facts, doesn't understand the deal we had, and they tried to humiliate Rick publicly. We don't do business that way.' Rick Ware Racing's No. 51 car ranks last in owner points among the 36 charter teams heading into Saturday night's race at EchoPark Speedway in Hampton, Georgia. Puchyr is confident he can help improve the organization's performance. 'I've won at everything I've done at every level and I think we can compete with these guys,' Puchyr told The Associated Press. 'I think we can build it brick-by-brick and it's going to take people, money and time. It's not lost on me that (RWR) is the 36th-place car in the garage, we all see it. But I believe we can make this a competitive organization, even a winner.'
Associated Press
6 days ago
- Automotive
- Associated Press
T.J. Puchyr agrees to buy Rick Ware Racing with plans to build a 3-car NASCAR team
CHARLOTTE, N.C. (AP) — One of the founders of Spire Motorsports has entered an agreement to purchase the NASCAR team owned by Rick Ware and is jumping back into the stock car series because he believes the current charters are grossly undervalued. T.J. Puchyr, who in 2018 alongside Jeff Dickerson launched the Spire team to take over the charter that Furniture Row Racing could not unload, told The Associated Press on Thursday he and Rick Ware Racing have a deal for him to take over Ware's organization next season. When Puchyr and Dickerson bought the Furniture Row charter, the market for NASCAR's version of franchise models was essentially dead. Their agency had been hired by Furniture Row owner Barney Visser to sell the charter and when they couldn't find a buyer, the two decided to purchase it themselves for $6 million and launch their own team. That decision jump-started the charter market and the most recent charters sold — when Stewart-Haas Racing went out of business at the end of last season — went for approximately $30 million. Puchyr and Dickerson are largely credited with pumping life and value into an otherwise dormant charter system. Puchyr last year sold his shares of Spire to Dan Towriss, the CEO of TWG Motorsports and header of the new Cadillac F1 team. Puchyr has spent 2025 consulting with various teams, including RWR and Legacy Motor Club. He's watched the market closely and has attended several of the recent court hearings involving NASCAR against 23XI Racing and Front Row Motorsports, who have filed an antitrust lawsuit over the charter agreement those two teams refused to sign last September. There are only 36 Cup Series charters, which guarantee a team entry into every NASCAR race and a steady revenue stream. Puchyr believes they are greatly undervalued and in one of his final deals with Spire, he helped acquire a charter from Live Fast Motorsports for $40 million. 'I am bullish on wanting to build a three-car team. I believe in the France family and the direction of the sport and I want the rest of the shareholders and industry to know that I believe the charters are worth $75 million or more,' he told AP. ___ AP auto racing:
Yahoo
6 days ago
- Automotive
- Yahoo
T.J. Puchyr agrees to buy Rick Ware Racing with plans to build a 3-car NASCAR team
FILE - A Rick Ware Racing patch is displayed on the fire suit of driver Cody Ware prior to the NASCAR Cup Series 300 auto race at New Hampshire Motor Speedway in Loudon, N.H., Sunday, Sept. 24, 2017. (AP Photo/Charles Krupa, File) In this image provided by TrueSpeed Communication, NASCAR team owner Rick Ware watches practice at Daytona International Speedway on Feb. 15, 2025 in Daytona Beach, Fla. (Mike Arning/TrueSpeed Communication via AP ) In this image provided by TrueSpeed Communication, NASCAR team owner Rick Ware watches practice at Daytona International Speedway on Feb. 15, 2025 in Daytona Beach, Fla. (Mike Arning/TrueSpeed Communication via AP ) FILE - A Rick Ware Racing patch is displayed on the fire suit of driver Cody Ware prior to the NASCAR Cup Series 300 auto race at New Hampshire Motor Speedway in Loudon, N.H., Sunday, Sept. 24, 2017. (AP Photo/Charles Krupa, File) In this image provided by TrueSpeed Communication, NASCAR team owner Rick Ware watches practice at Daytona International Speedway on Feb. 15, 2025 in Daytona Beach, Fla. (Mike Arning/TrueSpeed Communication via AP ) CHARLOTTE, N.C. (AP) — One of the founders of Spire Motorsports has entered an agreement to purchase the NASCAR team owned by Rick Ware and is jumping back into the stock car series because he believes the current charters are grossly undervalued. T.J. Puchyr, who in 2018 alongside Jeff Dickerson launched the Spire team to take over the charter that Furniture Row Racing could not unload, told The Associated Press on Thursday he and Rick Ware Racing have a deal for him to take over Ware's organization next season. Advertisement When Puchyr and Dickerson bought the Furniture Row charter, the market for NASCAR's version of franchise models was essentially dead. Their agency had been hired by Furniture Row owner Barney Visser to sell the charter and when they couldn't find a buyer, the two decided to purchase it themselves for $6 million and launch their own team. That decision jump-started the charter market and the most recent charters sold — when Stewart-Haas Racing went out of business at the end of last season — went for approximately $30 million. Puchyr and Dickerson are largely credited with pumping life and value into an otherwise dormant charter system. Puchyr last year sold his shares of Spire to Dan Towriss, the CEO of TWG Motorsports and header of the new Cadillac F1 team. Puchyr has spent 2025 consulting with various teams, including RWR and Legacy Motor Club. He's watched the market closely and has attended several of the recent court hearings involving NASCAR against 23XI Racing and Front Row Motorsports, who have filed an antitrust lawsuit over the charter agreement those two teams refused to sign last September. There are only 36 Cup Series charters, which guarantee a team entry into every NASCAR race and a steady revenue stream. Puchyr believes they are greatly undervalued and in one of his final deals with Spire, he helped acquire a charter from Live Fast Motorsports for $40 million. Advertisement 'I am bullish on wanting to build a three-car team. I believe in the France family and the direction of the sport and I want the rest of the shareholders and industry to know that I believe the charters are worth $75 million or more,' he told AP. ___ AP auto racing:
USA Today
24-06-2025
- Automotive
- USA Today
NASCAR Cup Series entry list for EchoPark Speedway in June 2025
The NASCAR Cup Series is ready to take on the 2025 Quaker State 400 at EchoPark Speedway, and the entry list has been revealed. NASCAR released the 2025 Quaker State 400 entry list and Xfinity Series entry lists for EchoPark and the Truck Series entry list for Lime Rock Park on Monday afternoon. It is NASCAR's second and final date at EchoPark during the 2025 season, with the first completed in late February. On Sunday, all 36 full-time drivers are present for the 2025 Quaker State 400 on Saturday. This is the first season in the charter system's history in which all 36 entries have a full-time competitor. As for the open entries, Corey LaJoie (Rick Ware Racing), David Starr (Garge 66), B.J. McLeod (Live Fast Motorsports) and Connor Zilisch (Trackhouse Racing) round out the 40-driver field. Below, you can check out the NASCAR entry list for the Cup Series race at EchoPark in June 2025! Shop Quaker State 400 tickets NASCAR Cup Series entry list, EchoPark Speedway (June 2025) More: NASCAR sets bracket matchups for inaugural In-Season Challenge in 2025
