Floyd Mayweather Hoping to Try Out His Business Skills at NASCAR

Published 12/30/2020, 7:24 AM EST
LAS VEGAS, NV – MAY 02: Floyd Mayweather Jr. addresses the media during the post-fight news conference after his unanimous decision victory against Manny Pacquiao in their welterweight unification championship bout on May 2, 2015 at MGM Grand Garden Arena in Las Vegas, Nevada. (Photo by Jamie Squire/Getty Images)


The high-profile boxing legend, Floyd Mayweather, is renowned for maintaining a lavish lifestyle. Mayweather spends millions on buying luxurious amenities and never holds back from boasting about them. Following more than a year of speculation, ‘Money’ is now on the brink of becoming a NASCAR Cup Series team owner.

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Mayweather co-owns ‘The Money Team Racing’, which is in talks with Spire Motorsports to form a prospective business deal for 2021. The team’s website contains a logo of ‘The Money Team Racing’ on its central page and has ‘coming soon’ beneath.

ARLINGTON, TEXAS – MARCH 16: Floyd Mayweather Jr. stands in the ring before Errol Spence Jr takes on Mikey Garcia in an IBF World Welterweight Championship bout at AT&T Stadium on March 16, 2019 in Arlington, Texas. (Photo by Tom Pennington/Getty Images)

Under the agreement, TMT Racing will co-brand one of Spire’s cars in 2021. This deal will also involve partnering with one car, and TMT would help fund Spire and reach out to sponsors.

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It remains unclear from where Spire Motorsports, which ran just one car in 2019 and 2020 using the charter they bought from Furniture Row Motorsports, purchased their third charter.

Team Trackhouse’s lease for 2021 lasts for only one year. If a team wants to fetch beyond a year, they must form a partnership with the other team.

Read – Floyd Mayweather Not Concerned About Logan Paul’s Size Advantage- Claims Solomon Engel

Floyd Mayweather – The elite business person

‘Money’ Mayweather has an equally decorated career outside the ring. He’s a successful business person involved in several exorbitant deals. He has his own company called Mayweather Promotions. The company promotes all forms of live events, including sports, music, and entertainment. Mayweather fought countless times in this promotions’ name and bagged huge pay cheques under the same.

Mayweather has his own apparel line, The Money Team (TMT). During his fight days, Mayweather sponsored himself with his own apparel brand, which drew a million eyeballs towards this business.

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LAS VEGAS, NV – APRIL 29: WBC/WBA welterweight champion Floyd Mayweather Jr. attends a news conference at the KA Theatre at MGM Grand Hotel & Casino on April 29, 2015 in Las Vegas, Nevada. Mayweather will face WBO welterweight champion Manny Pacquiao in a unification bout on May 2, 2015 in Las Vegas. (Photo by Ethan Miller/Getty Images)

Mayweather advertised his clothing line better than anyone else in the sport. He still earns a handsome amount of money through this clothing line alone.

Aside from his actions inside the ring, Mayweather is someone to look up to for business lessons as well. What have you taken away from Floyd Mayweather’s extensive business career?

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Prathamesh Singh Chauhan

926 articles

Prathamesh Singh Chauhan is a Boxing Author at EssentiallySports. He is a graduate from the International Institute of Sports Management who combines his love for sports, particularly combat sports, and his flair for writing and analysis to help him in his day-to-day work. He has prior professional experience with sporting organizations such as Star Sports, Khelo India, and NBA.

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