Chip Ganassi Racing was founded in 1989 by Felix Sabates after he bought an R&D group from Hendrick Motorsports. Previously known as SABCO Racing, the group was renamed Team SABCO in 1996.
In 2001, Ganassi purchased 80% of the stake for the then-two-car group, and it was named ‘Chip Ganassi Racing with Felix Sabates.’ The group changed from Chevrolet to Dodge during the same year.
In 2009, Ganassi collaborated with Dale Earnhardt, Inc. proprietor Teresa Earnhardt. The agreement was struck to consolidate DEI’s NASCAR activities into Ganassi’s shop and run as ‘Earnhardt Ganassi Racing with Felix Sabates’. Earnhardt was dropped from the team in 2014.
In mid-2015, Rob Kauffman of Michael Waltrip Racing bought a stake in the group.
Chip Ganassi Racing team has won a total of 48 races. While 26 victories have come in the NASCAR Cup Series, the remaining 22 came in the NASCAR Xfinity Series. The pit crew won the 2017 Comcast Community Champion Award in acknowledgment of their magnanimous work.
The Chip Ganassi Racing team has raced in NASCAR with many eminent drivers, including Kyle Petty, Juan Pablo Montoya, Jamie McMurray, and Kyle Larson.
They run the No. 1 and No. 42 Chevrolet Camaro ZL1s for Kurt Busch and Matt Kenseth. It is in an alliance with Hendrick Motorsports.
Chip Ganassi and Rob Kauffman are the owners of the CGR team. Max Jones, who is the Managing Director of the Chip Ganassi Racing Teams’ NASCAR activity, manages all parts of the group’s racing cars in the NASCAR Cup Series.
Sabates reported his retirement as a co-proprietor from the group after the 2020 season.
According to Forbes, the team is valued at $63 million. The team has earned $14 million from winnings and has a revenue of $45 million.
|Owners||Chip Ganassi, Felix Sabates, Rob Kauffman|
|Base||Concord, North Carolina|
|Series||NASCAR Cup Series|
|Race Drivers||1. Kurt Busch |
42. Matt Kenseth
|Sponsors||NASCAR Cup Series: |
1. Monster Energy, GearWrench
42. Credit One, McDonald’s, Clover, AdventHealth
|Net Worth||$63 Million|