Seven-time NASCAR Cup champion Jimmie Johnson has taken a big step forward in his racing career by becoming the majority owner of Legacy Motor Club. Alongside him, the team has welcomed a new partner, Knighthead Capital Management, which has taken a minority stake in the NASCAR outfit.

Jimmie Johnson is now the majority owner of Legacy Motor Club after the organization added a minority stakeholder. Legacy Motor Club announced Monday that Knighthead Capital Management has acquired a minority stake in the NASCAR team.

Seven-time NASCAR champion Jimmie Johnson is now the majority owner of Legacy Motor Club under a restructuring in which investment adviser Knighthead Capital Management bought into the Cup Series team.

Seven-time Cup Series champion Jimmie Johnson has been phenomenal as a driver in NASCAR. The post Petty Enterprises' NASCAR Remnants Fade Away As Jimmie Johnson Given Total Reign of Legacy Motor Club appeared first on EssentiallySports.