Legendary boxer Floyd Mayweather is reportedly close to entering the NASCAR Cup Series as a team owner after more than a year of speculation.
Toward the end of the 2019 NASCAR Cup Series season, a rumor emerged that legendary boxer Floyd Mayweather Jr. was involved the ownership of a new Cup Series team called The Money Team Racing, named after the lifestyle brand, The Money Team, which Mayweather inspired.
The team’s website had provided several details about the team entering the Cup Series, but those details were later replaced by one screen that simply read “More Info Coming Soon”. The team have not posted anything on Twitter since mid-June.
But now there is a The Money Team Racing logo with the words “COMING SOON” underneath.
According to Sport Business Journal’s Adam Stern, The Money Team Racing are in discussions with Spire Motorsports to form a new partnership for the 2021 season, a partnership which would involve The Money Team Racing backing Spire Motorsports next year before using one of Spire Motorsports’ three charters to run a full-time entry in 2022.
Fox Sports’ Bob Pockrass added that The Money Team Racing had been planning to purchase charters this year but were not able to do so.
Spire Motorsports, which entered the Cup Series in the 2019 season with the charter that had been used by the now defunct Furniture Row Racing team, purchased Leavine Family Racing’s charter after they folded following the 2020 season.
It remains unclear from where they obtained a third charter. One of their three charters is set to be used by Justin Marks’s new team, Trackhouse Racing Team, in 2021 to field the #99 Chevrolet for Daniel Suarez.
Spire Motorsports are set to run Corey LaJoie full-time behind the wheel of the #7 Chevrolet next year while running multiple drivers, one of whom being Kaulig Racing Xfinity Series driver Justin Haley, behind the wheel of the #77 Chevrolet.