The National Association for Stock Car Racing (NASCAR) operates several auto racing sports. It was founded by Bill French, Sr. in 1947-48 and grew to become the largest sanctioning body for stock racing cars in the United States. NASCAR teams compete against each other in the NASCAR sanctioned series. There are several racing teams around the world and they compete in different tournaments, but when they compete and win NASCAR wins, they automatically gain a lot of respect in the industry as well as in the eyes of customers and fans.
As auto racing is a dangerous sport, it is quite obvious that the reward for the winning teams is very high. In addition, the biggest brands also sponsor these teams. Consequently, NASCAR teams also have huge profits. Let’s take a look at the top 10 NASCAR teams of all time.
The Most Valuable NASCAR Teams of All Time
10. Red Bull Racing team
The American Red Bull Racing Team, also known as Team Red Bull, is currently owned by Red Bull founder Dietrich Mateschitz and Shaleo Jovidhya. The team was based in Mooresville, North Carolina, United States, until it ceased operations on December 8, 2011. The cars built by the Red Bull Racing Team were sold to BK Racing, with the latter team handled by Jay Fry. According to last year’s statistics, the team is now valued at $48 million.
Over the past year, the team has seen a change in value of almost -2%, but suffered a tragic loss of almost $2.8 million. This team first purchased the facility and hired 75 workers on January 26, 2006. The team purchased several cars from Bill Davis because they did not have the material to build their own race cars. The team now holds its place on the list of the 10 most valuable NASCAR teams of all time.
9. Richard Petty Motorsport
American racing team Richard Petty Motorsports or RPM currently competes in the NASCAR Sprint Cup Series. The team is now owned by New York businessman Andrew M. Murstein and seven-time NASCAR champion Richard Petty. The team was founded by former team manager Ray Evernham in 2000 as Evernham Motorsports. According to last year’s statistics, the team is now valued at $50 million and has a turnover of $43 million.
This team recorded a change in value of almost -4% last year and generated a total profit of $2.4 million. The Richard Petty Motorsports team has been backed by Dodge since its inception before moving to Ford in late 2009. The team then merged with Yates Racing for the 2010 season.The team now holds its place among the top 10 teams. NASCAR’s Most Valuable Ever.
8. Chip Ganassi Racing
Chip Ganassi Racing, sometimes referred to as Chip Ganassi Racing with Felix Sabates, currently competes in NASCAR, the Verizon IndyCar Series, and the TUDOR United SportsCar Championship. The team is now owned by businessman Chip Ganassi, and the NASCAR and Rolex Sports Car Series divisions are co-owned by Felix Sabates. According to last year’s statistics, the team is now valued at $69 million and has a turnover of $50 million.
Over the past year, the team experienced a change in value of almost -5% and received a total profit of $2.3 million. Previously, Mike Hull and Teresa Earnhardt held the team. To date, Chip Ganassi Racing has won 10 Open Wheel titles and 5 Grand-Am championships. It certainly deserves its place among the top 10 most valuable NASCAR teams of all time.
7. Michael Waltrip Racing
American racing team Michael Waltrip Racing is currently operated by Michael Waltrip Racing Holdings LLC and is currently focused on the NASCAR Sprint Cup Series. The team was formed through a partnership between Fortress Investment Group founder and managing partner Robert “Rob” Kaufman, 44, and two-time Daytona 500 winner Michael Waltrip.
According to last year’s statistics, the team is now valued at $80 million and has a turnover of $72 million. Over the past year, the team has experienced a change in value of almost -20% and received a total profit of $1.7 million. Michael Waltrip Racing currently offers two stock cars – Aaron’s #55 Dream Car and the #15 Energy 5 Hours. It now holds its place among the top 10 most valuable NASCAR teams of all time.
6. Team Penske
The NASCAR Penske Racing team, formerly known as Penske Racing, currently competes in the IndyCar and NASCAR series. The team also previously participated in Formula 1 and road races. Team Penske is actually a division of the Penske Corporation and is currently owned by Roger Penske. The current president of the racing team is Tim Cindric. According to last year’s statistics, the team is now valued at $108 million and has a turnover of $68 million.
Over the past year, the team has experienced a change in value of almost 2% and received a total profit of $4.9 million. This team changed its name several times as a team formerly also known as Kranefuss-Penske Racing, Penske Racing South, Penske-Jasper Racing, Penske Championship Racing. The team first appeared in the competition in 1969 in Indianapolis and within three years of its debut, it became the best team. Penske now holds its place among the top 10 most valuable NASCAR teams of all time.
5. Richard Childress Racing
The Richard Childress Racing NASCAR team is currently operated by RCR Enterprises, LLC and is based in Welcome, North Carolina. Former pilot Richard Childress is the current owner of the team. According to last year’s statistics, the team is now valued at $128 million and has a turnover of $101 million. The team recorded
nearly -8% change in value last year and earned a total profit of $4.4 million. The Richard Childress Racing Team debuted the No. 1968 Chevrolet in the 1969 500 at Talladega.
The team has fielded cars for several notable NASCAR drivers such as Dale Earnhardt, Ricky Rudd and Neil Bonnet. From late 1972, the team fielded at least one car in each Cup race. Richard Childress recently announced that his grandson Austin Dillon will be driving for the team on December 11, 2013. RCR is now in his place among the team. The Most Valuable NASCAR Teams of All Time.
4. Stewart-Haas races
The Stewart-Haas Racing NASCAR team is based in Kannapolis, North Carolina and is currently co-owned by Haas Automation founder Jen Haas and three-time Sprint Cup Series champion Tony Stewart. The team was actually founded as Haas CNC Racing in 2003 when Gene Haas was preparing to start his own new team. According to last year’s statistics, the team is now valued at $148 million and has a turnover of $91 million. Over the past year, the team has seen a nearly 20% change in value and posted a total profit of $5.9 million.
Stewart-Hass Racing currently receives engine and technical support from Hendrick Motorsports and previously competed in the Nationwide Series. The team also competed with Cole Custer in the Camping World Truck Series until he recently moved to JR Motorsports in 2015. The team currently holds its place among the top 10 most valuable NASCAR teams of all time.
3. Roush Fenway Racing
NASCAR Racing Team Roush Fenway Racing, originally named Roush Racing, is one of NASCAR’s largest, premier racing teams and currently competes in the Sprint Cup and Xfinity Series. The team also competed in the Camping World Truck Series and ARCA RE/MAX. According to last year’s statistics, the team is now valued at $157 million and has a turnover of $102 million. Over the past year, the team experienced a change in value of almost -6% and received a total profit of $6.4 million.
Roush Fenway Racing fielded teams in the NASCAR Truck Series from 1995 to 2009 with various notable team members such as Busch, Biffle, Kyle Busch, Edwards, Ricky Craven and David Reagan. The Roush Fenway Racing team competed exclusively in Ford cars. The team now holds its place among the top 10 most valuable NASCAR teams of all time.
2. Joe Gibbs Race
Joe Gibbs Racing, or JGR, is currently owned and operated by former Washington Redskins head coach Joe Gibbs and his son JD Gibbs. Joe began racing in 1991 on the NASCAR circuit, and the team is currently based in Huntsville, North Carolina, near Charlotte. According to last year’s statistics, the team is now valued at $171 million and has a turnover of $114 million.
Over the past year, the team has experienced a change in value of almost 2% and received a total profit of $8.3 million. The Joe Gibbs Racing team has already won three NASCAR championships, two Pontiac Grands Prix and a Chevrolet Monte Carlo. Following the team’s debut on January 5, 2008, JGR-MX rider Josh Grant won the 2009 JGRMX rider at Angel Stadium. This team certainly deserves its place among the top 10 most valuable NASCAR teams of all time.
1. Hendrik Motosport
The American auto racing team Hendrick Motorsports or HMS was founded by Rick Hendrick in 1984 and was previously known as All-Star Racing. The team currently competes in the NASCAR Sprint Cup Series. According to last year’s statistics, the team is now valued at $348 million and has a turnover of $186 million. Over the past year, the team experienced a change in value of almost -2% and received a total profit of $18.6 million. This team certainly deserves a top spot in the top 10 most valuable NASCAR teams of all time.
Hendrick Motorsports has already won eleven Sprint Cup Series, 227 Sprint Cup Series wins, three Camping World Truck Series, twenty-three Xfinity Series, twenty-six Camping World Truck Series and one Xfinity Drivers’ Series. Members of this team currently practice at the Hendrick Motorsports facility in Concord, North Carolina, on more than 100 acres, where they produce more than 550 engines per year.