Seven-time NASCAR Cup Series champion Jimmie Johnson has taken a majority stake in Legacy Motor Club (LMC), marking a significant shift in his involvement with the organization as a co-owner.

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.

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

NASCAR legend Jimmie Johnson announced his return to the Daytona 500, sparking excitement and a playful social media exchange with Shaquille O'Neal.

A bit of a shakeup at Legacy Motor Club. Jimmie Johnson is now the majority owner with Knighthead Capital coming in as a new minority owner. Maury Gallagher will step back from day-to-day operations and become an ambassador for the NASCAR team.

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.

RACER has confirmed that Legacy Motor Club is preparing to announce a partnership with Knighthead Capital that includes Jimmie Johnson becoming the team’s majority owner. The seven-time

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