NASCAR: Floyd Mayweather announcement looming?

Floyd Mayweather, NASCAR (Photo by Alex Menendez/Getty Images)
Floyd Mayweather, NASCAR (Photo by Alex Menendez/Getty Images) /

Legendary boxer Floyd Mayweather is reportedly in advanced discussions to enter the NASCAR Cup Series in 2021 via a partnership with Spire Motorsports.

Following more than a year of speculation, legendary boxer Floyd Mayweather Jr. is on the cusp of becoming a NASCAR Cup Series team owner.

The team he co-owns, The Money Team Racing, have reportedly been in advanced discussions with Spire Motorsports to form a new partnership for 2021.

Last year, the team’s website provided several details about the team entering NASCAR’s highest level. Those details were later replaced by one screen that read “More Info Coming Soon”. The website now contains a team logo with the words “COMING SOON” underneath.

Now it appears to be only a matter of time before the news is official.

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The team, which is named after the Mayweather-inspired lifestyle brand The Money Team, reportedly tried to bid on two charters which were for sale earlier this year, according to Sports Business Journal.

But the charter for sale by Leavine Family Racing ultimately went to Spire Motorsports, and the charter for sale by Germain Racing ultimately went to 23XI Racing, the new team co-owned by Joe Gibbs Racing driver Denny Hamlin and NBA legend Michael Jordan.

Now it appears as though The Money Team Racing will co-brand one of Spire Motorsports’ two full-time cars for the 2021 season before using one of their three charters to run a full-time car of their own in 2022.

Corey LaJoie is set to drive the #7 Chevrolet full-time for Spire Motorsports in 2021, with multiple drivers, one of whom being Kaulig Racing Xfinity Series driver Justin Haley, set to pilot the #77 Chevrolet.

It remains unclear from where Spire Motorsports, which ran just one car in 2019 and 2020 using the charter they purchased from Furniture Row Motorsports, purchased their third charter, which would be the additional charter that they did not acquire from Leavine Family Racing.

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The 2021 season is already set to see the introduction of three new teams. Aside from 23XI Racing, the two new teams set to enter the sport are the Justin Marks-owned Trackhouse Racing Team and the B.J. McLeod and Matt Tifft co-owned Live Fast Motorsports. Trackhouse Racing Team are set to run their car using one of Spire Motorsports’ three charters.