who owns nascar

NASCAR is a privately owned, family-controlled company, and it is owned by the France family through a combination of direct and corporate holdings.

Core ownership

• NASCAR was founded in 1948 by Bill France Sr., who organized stock car racing under a single sanctioning body.

• Control has stayed within the France family ever since, rather than being sold off or taken public.

Current leadership

• The current CEO is Jim France, son of founder Bill France Sr., who took over after the death of his brother, former chairman Bill France Jr.

• The France family exerts control through their private company structure, meaning outside shareholders do not own NASCAR in the way they would a public corporation.

Sanctioning body vs. race teams

• NASCAR itself (the sanctioning body that sets rules, sells TV rights, and sanctions series) is separate from the individual race teams and tracks.

• Teams are owned by various individuals and groups (for example, Michael Jordan co-owns 23XI Racing), but those team owners do not own NASCAR; they operate under NASCAR’s rules and agreements.

Information gathered from public forums or data available on the internet and portrayed here.