Jimmie Johnson becomes the new majority owner at Legacy Motor Club
Jimmie Johnson becomes the new majority owner at Legacy Motor Club
A new era has begun at Legacy Motor Club in 2025. On Monday morning, Legacy Motor Club announced that Jimmie Johnson is the new majority team owner of the NASCAR organization. Maury Gallagher, who previously served as the team's majority owner, is stepping back as a minority stakeholder and will have an ambassador role.
The seven-time NASCAR Cup Series champion joined Legacy Motor Club as a co-owner in 2023 and now holds the team's majority ownership. Legacy Motor Club also announced that Knighthead Capital Management has entered into a strategic partnership with the organization, purchasing a minority stake.
"I really have to thank Maury Gallagher for giving me the opportunity within the ownership space," Johnson said. "He has been an outstanding partner, mentor and friend and I'm grateful we had the opportunity to work together, I've learned so much from him. As his professional career takes a different path, he can worry less about the daily team owner things and focus more on family and enjoying life.'
Johnson will compete in two NASCAR Cup Series races during the 2025 season with the Daytona 500 and Coca-Cola 600 on deck. This is a significant decrease compared to 2024, but Johnson's new title as the majority owner of Legacy Motor Club could be a big reason why his schedule is reduced. Either way, Johnson has a vision for Legacy Motor Club, and he will be able to put it into action.
More: Jimmie Johnson hints at Legacy Motor Club's future plans beyond NASCAR
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