Ending Soon! Save 33% on All Access

Michael Jordan Gets Into the NASCAR Game The basketball great will field a Cup car with Bubba Wallace behind the wheel.

By Jonathan Small

Opinions expressed by Entrepreneur contributors are their own.

Streeter Lecka | Getty Images

Growing up in North Carolina, Michael Jordan used to go to NASCAR races with his family, and now His Airness will become the sport's first Black principal owner of a full-time Cup team since Wendell Scott drove his own race car from 1961 to 1973, according to ESPN.

Jordan is teaming up with three-time Daytona 500 winner Denny Hamlin to form a NASCAR Cup Series team. The driver will be Bubba Wallace, who is the only Black driver in the Cup Series and made headlines earlier this year after he successfully asked NASCAR to ban the Confederate flag at its races.

"This is a unique, once-in-a-lifetime opportunity that I believe is a great fit for me at this point in my career," Wallace tweeted. "I'm grateful and humbled that they believe in me, and I'm super pumped to begin this adventure with them."

Related: How NASCAR Champion Julia Landauer Handles Her Fear

Making a statement

Jordan, who also owns the NBA's Charlotte Hornets and has a net worth of $1.6 Billion, has been using his money to combat systemic racism. Last June, he pledged $100 million over 10 years to "organizations dedicated to ensuring racial equality, social justice and greater access to education."

He sees his investment in NASCAR not only as a good business move but also a step toward racial equality. "Historically, NASCAR has struggled with diversity, and there have been few Black owners," he said in a statement. "The timing seemed perfect as NASCAR is evolving and embracing social change more and more."

Mike's last dance in motorsports

Jordan's foray into NASCAR is not his first time dabbling in motorsports. Mike also likes motorbikes. In 2004, he launched the Michael Jordan Motorsports Racing Team in the AMA Pro Superbike series. That venture was not as successful as he hoped — he only had one win in 10 years.

But he and Hamiln are confident this time will be different. "Bubba has shown tremendous improvement since joining the Cup Series, and we believe he's ready to take his career to a higher level," Hamlin tweeted. "He deserves the opportunity to compete for race wins, and our team will make sure he has the resources to do just that."

Related: 4 Ways Entrepreneurs Can Be Relentless Like Michael Jordan

Jonathan Small

Entrepreneur Leadership Network® VIP

Founder, Write About Now Media

Jonathan Small is an award-winning author, journalist, producer, and podcast host. For 25 years, he has worked as a sought-after storyteller for top media companies such as The New York Times, Hearst, Entrepreneur, and Condé Nast. He has held executive roles at Glamour, Fitness, and Entrepreneur and regularly contributes to The New York Times, TV Guide, Cosmo, Details, Maxim, and Good Housekeeping. He is the former “Jake” advice columnist for Glamour magazine and the “Guy Guru” at Cosmo.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Leadership

How to Break Free From the Cycle of Overthinking and Master Your Mind

Discover the true cost of negative thought loops — and practical strategies for nipping rumination in the bud.

Business Solutions

This is Your Last Chance to Get Microsoft Office for $25

Lock in a lifetime of access to 2019's Word, Excel, PowerPoint, and more favorites for your business.

Growing a Business

It's Time to Prioritize Regular Performance Reviews — Here's Why Reviews Are Essential for Employee and Company Growth

Regular check-ins, focused discussions about goals and progress and constructive feedback build a thriving work environment.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Starting a Business

How to Find the Right Programmers: A Brief Guideline for Startup Founders

For startup founders under a plethora of challenges like timing, investors and changing market demand, it is extremely hard to hire programmers who can deliver.