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Associated Press

Marks bypasses charters to buy entire Ganassi NASCAR team

Immediately after the bombshell announcement that Justin Marks had purchased Chip Ganassi’s NASCAR team, the outgoing owner took the soon-to-be new boss back to the shop to address a room full of anxious employees. The work begins next week for the co-owner of Trackhouse Racing, who struggled to find a charter for the team’s first year of competition and balked at paying the escalating costs of NASCAR’s equivalent of a franchise. Kaulig Racing last month bought a pair of charters for what the industry believes to be at least $10 million apiece, and after crunching the numbers, Marks just couldn’t justify the spend.