Stewart-Haas Racing Shutting Down At The End Of The 2024 NASCAR Season
Stewart-Haas Racing is celebrating its 15th year in NASCAR this year, but it will be the last.
The team’s owners Tony Stewart and Gene Haas have announced that it will close at the end of the 2024 season.
The team issued a statement on Tuesday that said:
“We have made the difficult decision to close Stewart-Haas Racing at the conclusion of the 2024 season. It is a decision that did not come easily, nor was it made quickly.
“Racing is a labor-intensive, humbling sport. It requires unwavering commitment and vast resources, with a 365-day mindset to be better than everyone else. It’s part of what makes success so rewarding.
“But the commitment needed to extract maximum performance while providing sustainability is incredibly demanding, and we’ve reached a point in our respective personal and business lives where it’s time to pass the torch.
“We’re proud of all the wins and championships we’ve earned since joining together in 2009, but even more special is the culture we built and the friendships we forged as we committed to a common cause — winning races and collecting trophies.
“That is the same commitment we made to our personnel, our partners and our fans coming into this year, and that commitment will remain through the season finale at Phoenix.
“We have tremendous respect and appreciation for all of our employees, and we will work diligently to assist them during this transition to find new opportunities beyond the 2024 race season.“
Stewart-Haas owns four NASCAR Cup Series charters that are estimated to be worth between $20 million and $40 million each.
According to Fox Sports, 23XI Racing, Trackhouse Racing and Front Row Motorsports are each expected to buy one, but the destination of the fourth is unknown.
The team won Cup Series championships in 2011 with Tony Stewart and 2014 with Kevin Harvick, while Cole Custer won the Xfinity Series championship for it in 2023.
Stewart has been racing in the NHRA Top Fuel series this season for Tony Stewart Racing while Haas also runs the Haas F1 team.