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,

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.

Legacy Motor Club began its next chapter on Monday when Jimmie Johnson was introduced as its majority owner and Knighthead Capital Management, LLC a new investor and minority owner. The

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 and co-owner of LEGACY MOTOR CLUB ("LEGACY MC") Jimmie Johnson announced today that LEGACY MC has joined forces with Knighthead Capital Management, LLC, on behalf of certain of its affiliates and accounts ("Knighthead") as a strategic partner.

Jimmie Johnson hints that Legacy Motor Club could expand beyond NASCAR in the United States. What racing series is Johnson eyeing for LMC?

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.