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Michael Jordan, Bubba Wallace NASCAR team will attract new sponsors to sport

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Former NBA Chicago Bulls guard Michael Jordon high-fives the crowd during pre-race ceremonies prior to the start of the NASCAR Sprint All-Star Race at Charlotte Motor Speedway on May 22, 2010 in Concord, North Carolina.

John Harrelson | Getty Images

It’s been an interesting few weeks for Michael Jordan.

The sports icon and Charlotte Hornets owner took an equity stake and board position in sports betting company DraftKings and recently became a new team owner in NASCAR.

On Monday, Jordan announced his racing ownership after the purchase of Germain Racing’s team charter. Jordan is the first Black majority owner of a full-time racing team in the NASCAR series since legendary driver Wendell…



Source cnbc.com

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