Floyd Mayweather Jr. announced plans to debut his NASCAR team, The Money Team Racing, at the Daytona 500.
The team plans for a partial Cup Series this year and will enter with 23-year-old driver Kaz Grala. The Chevrolet, bearing No. 50 to represent Mayweather’s 50-0 boxing record, will need to qualify to compete in the Daytona 500 on Feb. 20 — the team doesn’t have a charter that guarantees a spot in the race.
Grala placed 28th in last year’s race — which averaged 4.83 million viewers — with Kaulig Racing.
The Money Team Racing’s general manager William Auchmoody told Associated Press the team would like to run as many as 15 races.
- The team secured a sponsorship from sunglasses manufacturer Pit Viper.
- StarCom Racing’s CFO Bill Woehlmann, CEO Michael Kohler, and president Matt Kohler reportedly hold a minority stake in the team.
Earning more than $1.1 billion over his career, Mayweather is the richest boxer of all time. He made $275 million just from his fight against Conor McGregor.
NASCAR’s Celebrity Owners
Mayweather isn’t the only celebrity — or athlete — to emerge in the last two years as a NASCAR owner. Last February, NBA legend Michael Jordan debuted his own team, 23XI Racing, with co-owner Denny Hamlin and Bubba Wallace behind the wheel.