NASCAR owner agrees to sell Cup Series team

NASCAR owner Rick Ware has agreed to sell his Cup Series team to Spire Motorsports founder T.J. Puchyr.

Puchyr told the Associated Press that a deal has been struck for him to takeover the Rick Ware Racing team next season, after he sold his shares in Spire Motorsports last year to Dan Towriss.

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Speaking following the purchase, Puchyr confirmed that he wanted to build a three car team and outlined his plans for the future of RWR.

“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 said.

Ware will remain on board as a partner and his son Cody will retain his No. 51 seat, whilst all of RWR’s current employees will keep their current positions.

“I’ve won at everything I’ve done at every level and I think we can compete with these guys,” Puchyr continued.

“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.

“And I believe we can get these charters valued at their true worth.”

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Puchyr to take over Rick Ware Racing

Puchyr also discussed RWR’s countersuit after the Jimmie Johnson-owned team Legacy Motor Club claimed that Ware’s team backed out of the sale of one of its charters.

“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,” said Puchyr.

“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.”

Puchyr did not disclose how much he had paid for RWR, and will have to wait until 2027 when its leased charter is back from RFK Racing before having two full-time cars again.

READ MORE: NASCAR owner agrees to sell Cup Series team

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