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Incoming Commanders ownership group purchases stake in Joe Gibbs Racing

Jun 20, 2023

The future owners of the Washington Commanders are reportedly buying a stake in a NASCAR team.

Joe Gibbs Racing announced Tuesday that Harris Blitzer Sports and Entertainment is set to become a minority owner of the team along with Arctos Partners. JGR has been one of NASCAR’s top teams for the past 25 years and, as you likely know, Gibbs is a member of the Pro Football Hall of Fame and former coach of the Commanders.

Per the Athletic, HBSE “will have no role in the day-to-day operations of JGR."

“Josh Harris, David Blitzer and their entire team have a vision that has delivered winning franchises in basketball, hockey, soccer and youth sports. Their teams are among the most successful in their leagues in growing audience and sponsorship and their commitment to the communities they work in are unparalleled. I am excited to join the HBSE family and to have their support in growing Joe Gibbs Racing," Gibbs said in a statement.

Source: Yahoo Sports

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