Days After Shocking $40 Million Sale, Denny Hamlin Spills the Beans on Michael Jordan’s NASCAR Team’s Expansion

The world of sports has seen a shocking $40 million sale of BJ McLeod’s NASCAR Cup Series charter to Spire Motorsports. This has led to a drastic rise in the value of the charter, stunning many people involved in the sport.

The Impact of the Sale

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Denny Hamlin, owner of the 23XI Racing team alongside NBA legend Michael Jordan, has given his perspective on this matter. He feels secure about his investment in his own racing team due to the rising prices. His team has been performing exceptionally well this season, which would significantly increase its re-sale value.

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The Success of 23XI Racing Team

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The 23XI Racing team, co-owned by Denny Hamlin and Michael Jordan, has been successful this season. Both of their drivers are in the round of 12, and one of them even earned a spectacular win in the second round of 16 races at Kansas.

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The Future of Team Ownership

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Hamlin points out that owning a team is a costly task. However, he feels much better about his investment if the $40 million sale is true. He believes that it's not worth anything until you sell it. This highlights the challenges team owners face while fielding a relatively new team in a tournament like the Cup Series.

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