Seven-time NASCAR Cup champion Jimmie Johnson has taken a big step forward in his racing career by becoming the majority owner of Legacy Motor Club. Alongside him, the team has welcomed a new partner, Knighthead Capital Management, which has taken a minority stake in the NASCAR outfit.

Legacy Motor Club announces that Jimmie Johnson has become the organization's new majority owner as Maury Gallagher takes a step back

Seven-time NASCAR champion Jimmie Johnson is now the majority owner of Legacy Motor Club under a restructuring in which investment adviser Knighthead Capital Management bought into the Cup Series team.

Legacy Motor Club began its next chapter on Monday when Jimmie Johnson was introduced as its majority owner and Knighthead Capital Management, LLC a new investor and minority owner. The

Jimmie Johnson hints that Legacy Motor Club could expand beyond NASCAR in the United States. What racing series is Johnson eyeing for LMC?

During the Rolex 24 at Daytona broadcast, Jimmie Johnson, co-owner of Legacy Motor Club, shared plans for his team’s expansion into the International Motor Sports Association (IMSA). Johnson, a 7-time NASCAR Cup Series champion, plans to take his team into other motorsport disciplines, with IMSA high on the list.

Seven-time Cup Series champion Jimmie Johnson has been phenomenal as a driver in NASCAR. The post Petty Enterprises' NASCAR Remnants Fade Away As Jimmie Johnson Given Total Reign of Legacy Motor Club appeared first on EssentiallySports.