Latest news with #KnightheadCapitalManagement
Bloomberg
05-03-2025
- Business
- Bloomberg
Tariff Risk Not Causing Great Concern: Knighthead's Wagner
Knighthead Capital Management co-founder Thomas Wagner says the risk-to-reward ratio is "not great" for next year at the Bloomberg Invest conference in New York. (Source: Bloomberg)
Yahoo
27-01-2025
- Automotive
- Yahoo
Jimmie Johnson now majority owner of Legacy Motor Club
Jimmie Johnson is now the majority owner of Legacy Motor Club after the organization added a minority stakeholder. Legacy Motor Club announced Monday that Knighthead Capital Management has acquired a minority stake in the NASCAR team. Jimmie Johnson to run two-race NASCAR Cup schedule in 2025 Jimmie Johnson plans to compete in the Daytona 500 and Coca-Cola 600 this season. Dustin Long, Dustin Long, Legacy Motor Club also announced that Maury Gallagher is taking a step back from his day-to-day duties to assume an ambassador role with the organization. Gallagher and Johnson partnered to form Legacy Motor Club ahead of the 2023 season. 'I really have to thank Maury Gallagher for giving me the opportunity within the ownership space," Johnson said in a statement from the team. "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.' Weather forecast for NASCAR Cook Out Clash at Bowman Gray Stadium Here is a look at the early forecast for the Feb. 1-2 weekend event in Winston-Salem, North Carolina. Dustin Long, Dustin Long, On the partnership with Knighthead Capital Management, Johnson said: "The partnership with Knighthead is a game-changer for Legacy MC. Their expertise in navigating complex investment opportunities and success in sports will provide Legacy MC with the resources and guidance needed to push for championships and solidify our place in NASCAR for years to come. "Having Knighthead on board will not only strengthen our racing efforts but also enhance the fan experience and expand our reach in the global motorsports ecosystem, not limited to NASCAR.' Knighthead Capital Management, founded in 2008, is an investment firm whose portfolio includes investments in Hertz, JOTA Racing, Singer Vehicle Design, Revology Cars, and Birmingham City Football Club.
USA Today
27-01-2025
- Automotive
- USA Today
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
