Hendrick Motorsports, established by Rick Hendrick in 1984, is the most valuable NASCAR team in the world right now, with more than $186 million in operating revenue. This team has recorded more than $18.6 million in profit. Hendrick Motorsports is currently valued at $348 million in 2022, which helped the team to top the list of the most valuable NASCAR teams ever.
Joe Gibbs Racing, founded by legendary Washington Redskins coach Joe Gibbs, is next on the line with a total valuation of nearly $171 million. However, these are not all, as many racing teams are also on this list. So, without any further ado, let’s start!
Founded way back in 1947 by Bill France, NASCAR, or The National Association for Stock Car Auto Racing, currently governs multiple car racing events in the United States. Although many teams have dominated this stock car racing event, there are several most valuable NASCAR teams that set the bar much higher.
Most Valuable NASCAR Teams Of All Time
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Car racing being a dangerous sport, it is quite obvious that the rewards for the winning teams are very high. Besides, top brands also sponsor these teams. Thus, the NASCAR teams have huge earnings, too. Let us take a look at the top 10 most valuable NASCAR teams of all time.
10. Red Bull Racing Team
American racing team Red Bull Racing Team, also known as Team Red Bull, is currently owned by Red Bull founders Dietrich Mateschitz and Chaleo Yoovidhya. The team was based in Mooresville, North Carolina, in the United States, till they suspended operations on December 8, 2011.
The cars that the Red Bull Racing Team built were sold to BK Racing, and the team was last managed by Jay Frye. According to last year’s statistics, the team is now valued at $48 million.
The team has nearly -2% value changes in the last year but faced a tragic loss of nearly $2.8 million. This team was first purchase the facility and hired 75 workers on January 26, 2006.
The team purchased several cars from Bill Davis Racing as they did not have any material to make their own race cars. This team now holds its place in the list of the top 10 most valuable NASCAR teams of all time.
9. Richard Petty Motorsports
American racing team Richard Petty Motorsports, or RPM, currently participates in the NASCAR Cup Series. The team is now owned by New York businessman Andrew M. Murstein and seven-time NASCAR champion Richard Petty.
The team was first established by former crew chief Ray Evernham in 2000 as Evernham Motorsports. According to last year’s statistics, the team is now valued at $50 million and earned a revenue totaling $43 million.
This team has nearly -4% value changes in the last year and made a total profit of $2.4 million. The Richard Petty Motorsports team has had backing from Dodge since it was established and later switched to Ford in late 2009.
The team later merged with Yates Racing for the 2010 season. This team now holds its place among the top 10 most valuable NASCAR teams of all time.
8. Chip Ganassi Racing
Automotive racing organization Chip Ganassi Racing also sometimes referred to as Chip Ganassi Racing with Felix Sabates, currently participates in NASCAR, the IndyCar Series, and the IMSA 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 earned a revenue totaling $50 million.
The team has nearly -5% value changes in the last year and made a total profit of $2.3 million. Mike Hull and Teresa Earnhardt previously had ownership stakes in the team.
Chip Ganassi Racing achieved 13 Open Wheel titles and 5 Grand-Am championships till now. It surely deserves his place among the top 10 most valuable NASCAR teams of all time.
7. Michael Waltrip Racing
American racing team Michael Waltrip Racing was last operated under Michael Waltrip Racing Holdings LLC and solely focused on the NASCAR Sprint Cup Series.
The team was established as a partnership between the founder and managing partner of Fortress Investment Group, Robert “Rob” Kauffman, and two-time Daytona 500 winner Michael Waltrip.
According to last year’s statistics, the team is now valued at $80 million and earned a revenue totaling $72 million. The team has nearly -20% value changes in the last year and made a total profit of $1.7 million.
Michael Waltrip Racing currently fields two full-time cars, the #55 Aaron’s Dream Machine and the #15 5-hour Energy car. This one now holds its place among the top 10 most valuable NASCAR teams of all time.
6. Team Penske
NASCAR racing Team Penske, formerly known as Penske Racing, currently competes in the IndyCar Series, FIA World Endurance Championship, and NASCAR. The team also previously participated in Formula One and road racing.
Team Penske is actually a division of 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 earned a revenue totaling $68 million.
The team has nearly 2% value changes in the last year and made a total profit of $4.9 million. This team has changed its name several times as the team was previously also known as Kranefuss-Penske Racing, Penske Racing South, Penske-Jasper Racing, and Penske Championship Racing.
The team first competed in 1969 at Indianapolis and became a premier team within three years of their debut. Penske now holds its place among the top 10 most valuable NASCAR teams of all time.
5. Richard Childress Racing
NASCAR racing team Richard Childress Racing is currently operating under RCR Enterprises, LLC, and is based in Welcome, North Carolina. Former driver Richard Childress is the current owner of the team.
According to last year’s statistics, the team is now valued at $128 million and earned a revenue totaling $101 million. The team had nearly -8% value changes last year and made a total profit of $4.4 million. Richard Childress Racing team first made its debut as a 1968 Chevy numbered 13 at the 1969 Talladega 500.
The team fielded cars for several famous NASCAR drivers, such as Dale Earnhardt, Ricky Rudd, and Neil Bonnett. The team has fielded at least one car in every Cup race since late 1972.
Recently Richard Childress announced that his grandson Austin Dillon would drive for the team on December 11, 2013. RCR now holds its place among the top 10 most valuable NASCAR teams of all time.
4. Stewart-Haas Racing
NASCAR racing team Stewart-Haas Racing is based in Kannapolis, North Carolina, and is currently co-owned by Haas Automation founder Gene 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 form his own new team.
According to last year’s statistics, the team is now valued at $148 million and earned a revenue totaling $91 million. The team has nearly 20% value changes in the last year and made a total profit of $5.9 million.
Stewart-Hass Racing currently receives engine and technical support from Hendrick Motorsports and also previously participated in the Nationwide Series.
The team also ran with Cole Custer in the Camping World Truck Series until he moved to JR Motorsports in 2015. This team now 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 counted among NASCAR’s largest premier racing teams and currently participates in the Sprint Cup and Xfinity Series.
The team also previously participated in the Camping World Truck Series and ARCA RE/MAX Series. According to last year’s statistics, the team is now valued at $157 million and earned a revenue totaling $102 million. The team has nearly -6% value changes in the last year and made a total profit of $6.4 million.
Roush Fenway Racing team fielded teams in the NASCAR Truck Series from 1995 till 2009 with various reputed team members such as Busch, Biffle, Kyle Busch, Edwards, Ricky Craven, and David Ragan.
The Roush Fenway Racing team exclusively competed in Ford brand automobiles. This team now holds its place among the top 10 most valuable NASCAR teams of all time.
2. Joe Gibbs Racing
Former Washington Redskins coach Joe Gibbs currently owns and operates the NASCAR racing team Joe Gibbs Racing or JGR.
Joe first started racing in 1991 on the NASCAR circuit, and the team is currently headquartered in Huntersville, North Carolina, near Charlotte. According to last year’s statistics, the team now has an estimated value of $171 million and earned a revenue totaling $114 million.
The team has nearly 2% value changes in the last year and made a total profit of $8.3 million. Joe Gibbs Racing team has already achieved five NASCAR championships, two Pontiac Grand Prix, and a Chevrolet Monte Carlo.
After the team made its debut on January 5, 2008, Josh Grant, a JGR-MX rider, won JGRMX rider in 2009 at Angel Stadium. This team surely deserves its place among the top 10 most valuable NASCAR teams of all time.
1. Hendrick Motorsports
Rick Hendrick established the American auto racing team Hendrick Motorsports in 1984. However, it remained the All-Star Racing before that. The team currently participates in the NASCAR Sprint Cup Series.
According to last year’s statistics, the team now has an estimated valuation of $348 million and earned a revenue totaling $186 million. The team has nearly -2% value changes in the last year and made a total profit of $18.6 million. This team surely deserves the top place among the top 10 most valuable NASCAR teams of all time.
Hendrick Motorsports team already achieved fourteen Sprint Cup Series, 289 Sprint Cup Series victories, three Camping World Truck Series, twenty-six Xfinity Series, twenty-six Camping World Truck Series, and one Xfinity drivers Series.
The members of this team currently practice at the 100-plus acre Hendrick Motorsports complex in Concord, North Carolina, where they make more than 550 engines per year.
Conclusion
The NASCAR sports franchise is in the second position as a sports franchise in terms of television ratings in the US and is broadcast in over 150 countries internationally. It is also among the top 20 regularly attended single-day sporting events in the world. It is quite natural that the NASCAR teams receive huge sponsorship, putting them at a high value.
Most Valuable NASCAR Teams | Infographics
And we hope that you liked our list of the top 10 most valuable NASCAR teams of all time.
FAQs Regarding Most Valuable NASCAR Teams
Q. How much is a NASCAR car team worth?
Adopting the model of the professional sports franchise system, the charter method in NASCAR was first implemented in 2016. And according to that model, a NASCAR team has a maximum current squad value of $12 million, although it was just $6 million before this NASCAR season.
Q. Is owning a NASCAR team profitable?
Owning a NASCAR team is indeed profitable, although you need a large sum of investment. Besides having an enormous amount of prize money in NASCAR events, these teams also make a profit from advertisements and sponsorships. Besides, they also make a profit by selling merchandise.
Q. Who is the richest NASCAR owner?
American businessman Rick Hendrick, the owner of Hendrick Motorsports, is the richest NASCAR owner in the world right now. His current net worth is close to $1 billion, as he also recorded more than $18 million in profit last year from his NASCAR team alone.
Q. How much do NASCAR pit crews make?
The yearly average salary of a NASCAR pit crew now stands at $300,000. So, they make around $3,000 per NASCAR race. But, if they are a part of the winning team, they can earn $500 more per race.
Last Updated On: April 2024