Seven-time NASCAR Cup champion Jimmie Johnson has taken a big step forward in his racing career by becoming the majority owner of Legacy Motor Club. Alongside him, the team has welcomed a new partner, Knighthead Capital Management, which has taken a minority stake in the NASCAR outfit.

Seven-time NASCAR champion Jimmie Johnson has become the majority owner of Legacy Motor Club, which was a rebuild of Petty Enterprises, one of NASCAR's oldest and winningest race teams.

Jimmie Johnson co-owned Legacy Motor Club (LMC) driver John Hunter Nemechek, who won two Xfinity races last year, didn’t have any rides to compete in the 2025 NASCAR Xfinity Series season so far.

Legacy Motor Club announces that Jimmie Johnson has become the organization's new majority owner as Maury Gallagher takes a step back

Legacy Motor Club began its next chapter on Monday when Jimmie Johnson was introduced as its majority owner and Knighthead Capital Management, LLC a new investor and minority owner. The

Seven-time NASCAR champion and co-owner of LEGACY MOTOR CLUB ("LEGACY MC") Jimmie Johnson announced today that LEGACY MC has joined forces with Knighthead Capital Management, LLC, on behalf of certain of its affiliates and accounts ("Knighthead") as a strategic partner.

Knighthead Capital Management has acquired a minority stake in LEGACY MOTOR CLUB, making Jimmie Johnson the majority owner as Maury Gallagher steps back from the day-to-day operations of the team.

Jimmie Johnson hints that Legacy Motor Club could expand beyond NASCAR in the United States. What racing series is Johnson eyeing for LMC?

Seven-time Cup Series champion Jimmie Johnson has been phenomenal as a driver in NASCAR. The post Petty Enterprises' NASCAR Remnants Fade Away As Jimmie Johnson Given Total Reign of Legacy Motor Club appeared first on EssentiallySports.