Kyle Busch has had a long career in the NASCAR Cup Series, and Joe Gibbs Racing was his home for the longest part of it. He has a grand total of 60 Cup wins, with two cup series titles over his illustrious career. Unfortunately, his wins have steadily dwindled over the years. In 2022, he won just one race, at the Bristol Motor Speedway, in a largely disappointing season. Now, the driver believes that he has a fair idea why his form has been waning. According to Kyle Busch, the primary culprit was his 2020 split with crew chief Adam Stevens. He said [https://theathletic.com/3769658/2022/11/06/kyle-busch-joe-gibbs-racing/?Source=twitterhq], “We were Jimmie (Johnson) and Chad (Knaus). We had that capability. Tried to form that again with a new group and it was never the same.” READ MORE: NASCAR Fans Spot Massive Toyota Blunder in Latest Kyle Busch Announcement [https://www.essentiallysports.com/nascar-news-nascar-fans-spot-massive-toyota-blunder-in-latest-kyle-busch-announcement/] WAS IT REALLY THAT BAD FOR KYLE BUSCH? In his final three years with Joe Gibbs Racing, Busch has only reached Victory Lane on four occasions. This was rather surprising for a driver who was averaging 5.4 wins per season in the previous five years. On the bright side, he was still racking up at least one win a season. Kyle Busch has been consistently getting at least one win in the last 18 years, tying him with Richard Petty. Kyle Busch [https://image-cdn.essentiallysports.com/wp-content/uploads/2022-10-17T001724Z_1712261223_MT1USATODAY19247928_RTRMADP_3_NASCAR-SOUTH-POINT-400.jpg]Oct 16, 2022; Las Vegas, Nevada, USA; NASCAR Cup Series driver Kyle Busch (18) during the South Point 400 at Las Vegas Motor Speedway. Mandatory Credit: Gary A. Vasquez-USA TODAY Sports Now, the 2-time Cup Series champion is expected to have a fresh start next season. After leaving Joe Gibbs Racing, he will be joining Richard Childress Racing, driving the #8 car. In other words, he is partnering with Austin Dillon and replacing Tyler Reddick, who has been pretty impressive this season. Now the big question is, can Kyle Busch grab a couple of wins in the 2023 NASCAR Cup Series? If he does, he will own the record for the most consecutive seasons with a win. Until then, all that we can do is treasure the Busch-M&M’s partnership, which lasted for a very long time. WATCH THIS STORY: Kyle Busch Is Disheartened As The “Crap Car” Cuts His Brother Kurt’s Career Short [https://www.essentiallysports.com/stories/nascar-news-kyle-busch-is-disheartened-as-the-crap-car-cuts-his-brother-kurts-career-short/] 

Kyle Busch is ending his long-standing Joe Gibbs tenure after a difficult
campaign, and he could guess the reason behind his decline.

Dhruv George is a senior Motorsports author for EssentiallySports, having
authored nearly 12000 articles spanning different sports like F1, NASCAR,
Tennis, NFL, and eSports. He graduated with a PG Diploma in Journalism from the
Xavier Institute of Communications. Dhruv has also conducted interviews with F1
driver Pierre Gasly and Moto2 rider Tony Arbolino. He has been an ardent
follower of motorsports sport since 2001, holding Carlos Sainz Jr. and McLaren
in high regard.

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Dhruv George

NASCAR: Dixie Vodka 400

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<h2 style="text-align: center"><strong>What is Joe Gibbs Racing?
</strong></h2>
There have been several instances of people switching from one sport to another, be it an athlete, a coach, or anyone else related to a particular sport. The switch is often challenging and more often than not, the person making the switch fails to make an impact in the second sport they had chosen.

But once in a while, there comes a person who earns their accolades no matter where they go and becomes immortalized in more than one discipline. That is the story of former football coach <a href="https://www.essentiallysports.com/tag/joe-gibbs/" target="_blank" rel="noopener">Joe Gibbs</a>, who made the switch to NASCAR and created one of the most successful Cup and Xfinity Series teams of all time, Joe Gibbs Racing.

[caption id="attachment_2651626" align="aligncenter" width="3300"]<img class="wp-image-2651626 size-full" src="https://image-cdn.essentiallysports.com/wp-content/uploads/2024-02-16T231257Z_216673469_MT1USATODAY22539974_RTRMADP_3_NASCAR-CUP-PRACTICE.jpg" alt="" width="3300" height="2200" /> Feb 16, 2024; Daytona Beach, Florida, USA; NASCAR team owner Joe Gibbs watches practice for the Daytona 500 at Daytona International Speedway. Mandatory Credit: Jasen Vinlove-USA TODAY Sports[/caption]
<h2 style="text-align: center"><strong>The history of Joe Gibbs Racing</strong></h2>
When the team was founded in 1992, there was a lot of skepticism around it. After all, Joe Gibbs had been a football man all his life. What would he know of auto racing to be successful? However, after 8 years of toiling away since its inception, JGR struck gold when it defied the odds to win the NASCAR Cup Series with Bobby Labonte in 2000. The team was always run by Gibbs and his son JD Gibbs.

After the latter's untimely passing in 2019, his father has been running things. The team began its journey with Chevrolet from 1992 to 1996 before moving on to Pontiac for 6 seasons. They then again moved back to Chevy in 2003 till 2007. However, since 2007, they have been operating as a Toyota team and have earned much success from the partnership.
<h2 style="text-align: center"><strong>Why did Joe Gibbs form a NASCAR team?</strong></h2>
The one question that has perplexed both motorsports and football fans is why Joe Gibbs decided to start a race team in the first place. He was a highly successful coach during his time with the Washington Commanders as he guided them to three Superbowl victories and was twice named coach of the year in the NFL. So why make such a risky jump? Well, it turns out that his son JD Gibbs had a big role to play in it.

Despite his dad being a football coach, JD was in awe of motorsports more than football. He wanted his father to do something in that discipline and eventually, the Washington coach caved in and formed Joe Gibbs Racing in 1992, something which he had earlier called <em>"a dream on a sheet of paper".</em>

<img class="aligncenter wp-image-1138516 size-full" src="https://image-cdn.essentiallysports.com/wp-content/uploads/joe-gibbs-racing-issues-statement-pocono.jpg" alt="" width="1600" height="900" />

The team struggled in its early days as one would expect but Joe Gibbs never gave up. He kept at it for years and finally, after eight years of tireless work, JGR won their first Cup Series championship. The team then ushered in a golden era during which they won three championships in six years with Labonte and Tony Stewart, solidifying their place in the world of motor racing. Then came a decade-long title drought in the Cup after which Kyle Busch led the team to two more Cup Series championships (2015, 2019). The team has also won four Xfinity Series and one ARCA title.
<h2 style="text-align: center"><strong>Joe Gibbs Racingâ€™s net worth 2024</strong></h2>
Being one of the most successful teams in NASCAR with five <a href="https://www.essentiallysports.com/category/nascar/nascar-cup-series/" target="_blank" rel="noopener">Cup</a> and four <a href="https://www.essentiallysports.com/category/nascar/nascar-xfinity-series/" target="_blank" rel="noopener">Xfinity Series</a> championships, it is no wonder that Joe Gibbs Racing is worth quite a lot. There are no official figures or reports about the team's net worth in 2024 but as per Forbes, in 2020, the legendary race team was worth $230 million. This is a number that has certainly risen in the past four years and the present value of the team must be a lot more than that.
<h2 style="text-align: center"><strong>Joe Gibbs Racing drivers</strong></h2>
The legendary NASCAR team currently operates with four full-time cars in the Cup Series - #11 (Denny Hamlin), #19 (Martin Triuex Jr), #20 (Christopher Bell), and #54 (Ty Gibbs). In the Xfinity Series, the team has two full-time cars, the #18 of Sheldon Creed and the #81 of Chandler Smith. When it comes to the Cup Series, the team has seen several great racers, all of who has made the current numbers that the teams are running legendary.

As far as the #11 is concerned, the man who made that number relevant in NASCAR's biggest competition in the modern era is <a href="https://www.essentiallysports.com/tag/denny-hamlin/" target="_blank" rel="noopener">Denny Hamlin</a>. The motorsports veteran might not have won the Cup so far in his career but there is certainly no taking away from the 50-plus race wins he has had, including three Daytona 500 wins. The 43-year-old is in the twilight years of his career and knows that he will have to win it pretty soon if he does not want to be called the best racer to never win the Cup Series in the sport's history.

[caption id="attachment_2651579" align="aligncenter" width="5045"]<img class="wp-image-2651579 size-full" src="https://image-cdn.essentiallysports.com/wp-content/uploads/2024-02-04T053546Z_95028193_MT1USATODAY22441766_RTRMADP_3_NASCAR-BUSCH-LIGHT-CLASH-AT-THE-COLISEUM-1.jpg" alt="" width="5045" height="3363" /> Feb 3, 2024; Los Angeles, California, USA; NASCAR Cup Series driver Denny Hamlin (11) celebrates his victory of the Busch Light Clash at Los Angeles Memorial Coliseum. Mandatory Credit: Gary A. Vasquez-USA TODAY Sports[/caption]

The story of the #19 car is similar to that of the #11 in the sense that it is an incredibly strong outfit. They even have former Cup Series champion(2017) <a href="https://www.essentiallysports.com/tag/martin-truex-jr/" target="_blank" rel="noopener">Martin Truex Jr</a> sitting behind its wheel. However, the veteran has not been able to replicate his 2017 success with the team yet, and much like Hamlin, he too is in the twilight stages of his career.

[caption id="attachment_2651611" align="aligncenter" width="4283"]<img class="wp-image-2651611 size-full" src="https://image-cdn.essentiallysports.com/wp-content/uploads/2024-02-16T005204Z_1962618893_MT1USATODAY22531991_RTRMADP_3_NASCAR-BLUEGREEN-VACATIONS-DUEL-1-AT-DAYTONA.jpg" alt="" width="4283" height="2855" /> Feb 15, 2024; Daytona Beach, Florida, USA; NASCAR Cup Series driver Martin Truex Jr. (19) before the start of the Bluegreen Vacations Duel 1 at Daytona International Speedway. Mandatory Credit: Peter Casey-USA TODAY Sports[/caption]

Things get interesting with the #20 car as it is one with immense history. The #20 car has seen it all and won it all. During the team's most successful era during the early 2000s, <a href="https://www.essentiallysports.com/tag/tony-stewart/" target="_blank" rel="noopener">Tony Stewart</a> stepped up and won two Cup Series championships. Smoke's title wins put the team on the map and Joe Gibbs has never looked back since. Currently, the driver of the #20 is <a href="https://www.essentiallysports.com/tag/christopher-bell/" target="_blank" rel="noopener">Christopher Bell</a>. The team has also seen legends like <a href="https://www.essentiallysports.com/tag/joey-logano/" target="_blank" rel="noopener">Joey Logano</a>, <a href="https://www.essentiallysports.com/tag/matt-kenseth/" target="_blank" rel="noopener">Matt Kenseth</a>, and <a href="https://www.essentiallysports.com/tag/erik-jones/" target="_blank" rel="noopener">Erik Jones</a> race in it.

[caption id="attachment_2651603" align="aligncenter" width="4143"]<img class="wp-image-2651603 size-full" src="https://image-cdn.essentiallysports.com/wp-content/uploads/2024-02-16T030739Z_2096159732_MT1USATODAY22533217_RTRMADP_3_NASCAR-BLUEGREEN-VACATIONS-DUEL-2-AT-DAYTONA.jpg" alt="" width="4143" height="2762" /> Feb 15, 2024; Daytona Beach, Florida, USA; NASCAR Cup Series driver Christopher Bell (20) reacts in victory lane after winning the Bluegreen Vacations Duel 2 at Daytona International Speedway. Mandatory Credit: Peter Casey-USA TODAY Sports[/caption]

But perhaps the most iconic car number belongs to Ty Gibbs, or what it used to be numbered back in the day. The #54 was the #18 car back when <a href="https://www.essentiallysports.com/tag/kyle-busch/" target="_blank" rel="noopener">Kyle Busch</a> was a racer in the team. It was the first car that Joe Gibbs fielded when he first started the team and it has produced world champions like Rowdy and the team's first-ever Cup winner, Bobby Labone. After Busch left the team for Richard Childress Racing at the end of 2022, Ty Gibbs took his place and his car was renumbered #54.

[caption id="attachment_2651572" align="aligncenter" width="4350"]<img class="wp-image-2651572 size-full" src="https://image-cdn.essentiallysports.com/wp-content/uploads/2024-02-16T005220Z_595951626_MT1USATODAY22531998_RTRMADP_3_NASCAR-BLUEGREEN-VACATIONS-DUEL-1-AT-DAYTONA.jpg" alt="Ty Gibbs" width="4350" height="2900" /> Feb 15, 2024; Daytona Beach, Florida, USA; NASCAR Cup Series driver Ty Gibbs (54) before the start of the Bluegreen Vacations Duel 1 at Daytona International Speedway. Mandatory Credit: Peter Casey-USA TODAY Sports[/caption]
<h2 style="text-align: center"><strong>Joe Gibbs Racing partnerships and endorsements</strong></h2>
They might be a newer team compared to the likes of Hendricks Motorsports and Richard Childress Racing, but Joe Gibbs Racing is one of the biggest teams in NASCAR today. That means they have some of the biggest companies in the world backing them as sponsors to win championships like the Cup and the Xfinity Series. These sponsors include the likes of Coca-Cola, FedEx, Interstate Batteries, Monster Energy, Bass Pro Shops, Mavis Tires, and DeWalt to name a few.

FedEx has become synonymous with the #11 team of Denny Hamlin. The veteran NASCAR racer has been a partner of the brand for several years now and it doesn't seem like their time together will end anytime soon. The only thing that FedEx would want at this point more than anything is for Hamlim to win a Cup Series championship and become a true legend of the sport. Bass Pro Shops, the fishing equipment company has been in NASCAR for several years now and they also sponsor JGR's Martin Truex Jr. Joe Gibbs' son, Ty, is sponsored by Monster Energy and DeWalt is a partner of the#20 team of Christopher Bell.

[caption id="attachment_1524667" align="aligncenter" width="1920"]<img class="wp-image-1524667 size-full" src="https://image-cdn.essentiallysports.com/wp-content/uploads/2023-02-05T004615Z_1749632695_MT1USATODAY19924889_RTRMADP_3_NASCAR-BUSCH-LIGHT-CLASH-1.jpg" alt="Ty Gibbs" width="1920" height="1118" /> Feb 4, 2023; Los Angeles, California, USA; NASCAR Cup Series driver Ty Gibbs (54) during practice for the Busch Light Clash at the Coliseum at the Los Angeles Memorial Coliseum. Mandatory Credit: Jason Parkhurst-USA TODAY Sports[/caption]

Overall, it is safe to say that the sponsorship situation is well thought out and distributed among JGR's four full-time Cup racers. Despite all of that, team owner Gibbs sold a small part of his organization in 2023.
<h2 style="text-align: center"><strong>Joe Gibbs Racing sells teamâ€™s minority stake</strong></h2>
The news was broken in June of 2023 that Joe Gibbs had sold a minority stake in Joe Gibbs Racing to Harris Blitzer Sports &amp; Entertainment (HSBE) and Arctos Partners. As part of the new deal, the 83-year-old NASCAR team owner would become a limited partner in HSBE.Â <em>â€œJosh Harris, David Blitzer, and their entire team have a vision that has delivered winning franchises in basketball, hockey, soccer, and youth sports. Their teams are among the most successful in their leagues in growing audience and sponsorship, and their commitment to the communities they work in is unparalleled. I am excited to join the HBSE family and to have their support in growing Joe Gibbs Racing,â€ </em>the 83-year-old said after the sale as per RACER.
<h2 style="text-align: center"><strong>Joe Gibbs Racing's major achievements and awards</strong></h2>
JGR is one of the most successful teams in NASCAR today with five championship wins in the NASCAR Cup Series. Bobby Labonte won the first title in the year 2000, followed by Tony Stewart who won the title twice in 2002 and 2005. The team then had to wait for 10 years before they got their fourth championship win with Kyle Busch in 2015 and Rowdy doubled his tally only four years later. When it comes to the Xfinity Series, the team has been almost equally as successful as in the Cup Series. Joe Gibbs Racing has won four Xfinity Series titles in 2009, 2016, 2021, and 2022. They also have an ARCA title to their name which was accomplished in 2021.

<img class="aligncenter wp-image-1447242 size-full" src="https://image-cdn.essentiallysports.com/wp-content/uploads/tony-stewart-joe-gibbs-e1573855590282.png" alt="Tony Stewart and Joe Gibbs" width="1200" height="627" />
<h2 style="text-align: center"><strong>Joe Gibbs Racing controversy</strong></h2>
They may be a fan-favorite team in NASCAR today but Joe Gibbs Racing was at the center of one of the biggest controversies in the sport's recent history. In the year 2008, the organizers had mandated that teams, especially ones with Toyota, would run smaller restrictor plates to cut horsepower. To check if teams adhered to the mandate, NASCAR used a dynamometer to measure the HP of many cars at Michigan in the Nationwide Series. It was found that a couple of JGR cars had been utilizing magnets to manipulate the throttle pedals to stop the accelerator from opening fully. Two drivers and the teams saw 150 points deducted and after an internal investigation, seven crew members were indefinitely suspended.

But that's not all JGR has been criticized for. The five-time Cup Series champions were accused of playing a big role in the shutting down of smaller race teams like Furniture Row Racing in 2018 and Leavine Family Racing in 2020. Both of those teams had entered into a technical alliance with JGR and Toyota Racing Development.

The way Kyle Busch left the team in 2023 was also quite questionable. According to Rowdy, the team did not have any sponsorship in place after Mars and M&amp;Ms pulled out of their deals at the end of the 2022 season. The team essentially wanted the two-time Cup Series champion to run an unsponsored car and that just did not sit well with him. <em>â€œWe got to call everybody else.â€™ â€¦ [Instead] they offered me a contract to race there and they werenâ€™t going to have sponsorship on the car, but I didnâ€™t feel like that was fair for the 15 years that I was there; I didnâ€™t want Joe putting his own money into the program,"Â </em>the NASCAR veteran had said later on.

[caption id="attachment_1242602" align="aligncenter" width="1920"]<img class="wp-image-1242602 size-full" src="https://image-cdn.essentiallysports.com/wp-content/uploads/GettyImages-1414787708-2.jpg" alt="Kyle Busch" width="1920" height="1280" /> RICHMOND, VIRGINIA - AUGUST 13: Kyle Busch, driver of the #18 M&amp;M's Toyota, waits on the grid during practice for the NASCAR Camping World Truck Series Worldwide Express 250 for Carrier Appreciation at Richmond Raceway on August 13, 2022 in Richmond, Virginia. (Photo by Jared C. Tilton/Getty Images)[/caption]
<h2 style="text-align: center"><strong> Joe Gibbs Racing loses its co-owner</strong></h2>
He may be one of the most successful team owners in NASCAR today but the struggles Joe Gibbs has had to go through, especially recently, have been unthinkable. Joe Gibbs Racing was founded thanks to his son JD Gibbs and both JD and his brother Coy helped run the team with their dad and were co-owners. Unfortunately, they both passed away in a span of a little over 3 years.

In 2019, JD Gibbs passed away after four years of battling <em>"conditions related to brain function".Â </em>As the years went by, it became more and more evident that his health was deteriorating yet he put up a valiant fight from 2015 to 2019. In 2022, the night Ty Gibbs won the NASCAR Xfinity Series championship, his father and Joe Gibbs' other son, Coy Gibbs, also passed away in his sleep and the cause of his death has not yet been announced. The following day was the Cup Series finale and the drivers involved with JGR at the time and in the past paid a heartfelt tribute to the late owner. One can only imagine what Ty must have been going through.
<h2 style="text-align: center"><strong>Joe Gibbs Social Media</strong></h2>
<table>
<tbody>
<tr>
<td><span style="font-weight: 400">Website</span></td>
<td><a href="https://www.joegibbsracing.com/" target="_blank" rel="noopener">https://www.joegibbsracing.com/</a></td>
</tr>
<tr>
<td><span style="font-weight: 400">Instagram</span></td>
<td><a href="https://www.instagram.com/joegibbsracing/?hl=en" target="_blank" rel="noopener">https://www.instagram.com/joegibbsracing/?hl=en</a></td>
</tr>
<tr>
<td><span style="font-weight: 400">Facebook</span></td>
<td><a href="https://www.facebook.com/joegibbsracing/" target="_blank" rel="noopener">https://m.facebook.com/joegibbsracing/</a></td>
</tr>
<tr>
<td><span style="font-weight: 400">Twitter</span></td>
<td><a href="https://x.com/JoeGibbsRacing?s=20" target="_blank" rel="noopener">https://x.com/JoeGibbsRacing?s=20</a></td>
</tr>
</tbody>
</table>
<table>
<tbody>
<tr>
<td><span style="font-weight: 400">Name</span></td>
<td>Joe Gibbs Racing</td>
</tr>
<tr>
<td><span style="font-weight: 400">Owners</span></td>
<td>Joe Gibbs, HSBE, Arctos Partners</td>
</tr>
<tr>
<td><span style="font-weight: 400">Base</span></td>
<td>Huntersville, North Carolina</td>
</tr>
<tr>
<td><span style="font-weight: 400">SeriesÂ </span></td>
<td>NASCAR Cup Series, Xfinity Series, ARCA Menards Series</td>
</tr>
<tr>
<td><span style="font-weight: 400">Race Drivers</span></td>
<td>Denny Hamlin, Christopher Bell, Martin Truex Jr, Ty Gibbs</td>
</tr>
<tr>
<td><span style="font-weight: 400">Sponsors</span></td>
<td><span style="font-weight: 400">Fed Ex, Coca-Cola, Interstate batteries, Monster Energy, Bass Pro Shops, Mavis Tires, DeWalt
</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">Manufacturer</span></td>
<td>Toyota</td>
</tr>
<tr>
<td><span style="font-weight: 400">Founded</span></td>
<td>1992</td>
</tr>
<tr>
<td><span style="font-weight: 400">Latest Race</span></td>
<td>2023 NASCAR Cup Series Championship Race (Phoenix)</td>
</tr>
<tr>
<td><span style="font-weight: 400">Championship</span></td>
<td>Cup Series - 5

Xfinity Series - 4

ARCA - 1</td>
</tr>
<tr>
<td><span style="font-weight: 400">Race Victories</span></td>
<td>Cup Series - 207

Xfinity Series - 204

ARCA - 27</td>
</tr>
<tr>
<td><span style="font-weight: 400">Net Worth</span></td>
<td>No official figure for 2024, $230 million in 2020</td>
</tr>
</tbody>
</table>

Joe Gibbs Racing

What is Joe Gibbs Racing? There have been several instances of people switching from one sport to another, be it an athlete, a coach, or anyone else related to a particular sport. The switch is often challenging and more often than not, the person making the switch fails to make an impact in the second sport they had chosen. But once in a while, there comes a person who earns their accolades no matter where they go and becomes immortalized in more than one discipline. That is the story of former football coach Joe Gibbs, who made the switch to NASCAR and created one of the most successful Cup and Xfinity Series teams of all time, Joe Gibbs Racing. Feb 16, 2024; Daytona Beach, Florida, USA; NASCAR team owner Joe Gibbs watches practice for the Daytona 500 at Daytona International Speedway. Mandatory Credit: Jasen Vinlove-USA TODAY Sports The history of Joe Gibbs Racing When the team was founded in 1992, there was a lot of skepticism around it. After all, Joe Gibbs had been a football man all his life. What would he know of auto racing to be successful? However, after 8 years of toiling away since its inception, JGR struck gold when it defied the odds to win the NASCAR Cup Series with Bobby Labonte in 2000. The team was always run by Gibbs and his son JD Gibbs. After the latter&#8217;s untimely passing in 2019, his father has been running things. The team began its journey with Chevrolet from 1992 to 1996 before moving on to Pontiac for 6 seasons. They then again moved back to Chevy in 2003 till 2007. However, since 2007, they have been operating as a Toyota team and have earned much success from the partnership. Why did Joe Gibbs form a NASCAR team? The one question that has perplexed both motorsports and football fans is why Joe Gibbs decided to start a race team in the first place. He was a highly successful coach during his time with the Washington Commanders as he guided them to three Superbowl victories and was twice named coach of the year in the NFL. So why make such a risky jump? Well, it turns out that his son JD Gibbs had a big role to play in it. Despite his dad being a football coach, JD was in awe of motorsports more than football. He wanted his father to do something in that discipline and eventually, the Washington coach caved in and formed Joe Gibbs Racing in 1992, something which he had earlier called &#8220;a dream on a sheet of paper&#8221;. The team struggled in its early days as one would expect but Joe Gibbs never gave up. He kept at it for years and finally, after eight years of tireless work, JGR won their first Cup Series championship. The team then ushered in a golden era during which they won three championships in six years with Labonte and Tony Stewart, solidifying their place in the world of motor racing. Then came a decade-long title drought in the Cup after which Kyle Busch led the team to two more Cup Series championships (2015, 2019). The team has also won four Xfinity Series and one ARCA title. Joe Gibbs Racingâ€™s net worth 2024 Being one of the most successful teams in NASCAR with five Cup and four Xfinity Series championships, it is no wonder that Joe Gibbs Racing is worth quite a lot. There are no official figures or reports about the team&#8217;s net worth in 2024 but as per Forbes, in 2020, the legendary race team was worth $230 million. This is a number that has certainly risen in the past four years and the present value of the team must be a lot more than that. Joe Gibbs Racing drivers The legendary NASCAR team currently operates with four full-time cars in the Cup Series &#8211; #11 (Denny Hamlin), #19 (Martin Triuex Jr), #20 (Christopher Bell), and #54 (Ty Gibbs). In the Xfinity Series, the team has two full-time cars, the #18 of Sheldon Creed and the #81 of Chandler Smith. When it comes to the Cup Series, the team has seen several great racers, all of who has made the current numbers that the teams are running legendary. As far as the #11 is concerned, the man who made that number relevant in NASCAR&#8217;s biggest competition in the modern era is Denny Hamlin. The motorsports veteran might not have won the Cup so far in his career but there is certainly no taking away from the 50-plus race wins he has had, including three Daytona 500 wins. The 43-year-old is in the twilight years of his career and knows that he will have to win it pretty soon if he does not want to be called the best racer to never win the Cup Series in the sport&#8217;s history. Feb 3, 2024; Los Angeles, California, USA; NASCAR Cup Series driver Denny Hamlin (11) celebrates his victory of the Busch Light Clash at Los Angeles Memorial Coliseum. Mandatory Credit: Gary A. Vasquez-USA TODAY Sports The story of the #19 car is similar to that of the #11 in the sense that it is an incredibly strong outfit. They even have former Cup Series champion(2017) Martin Truex Jr sitting behind its wheel. However, the veteran has not been able to replicate his 2017 success with the team yet, and much like Hamlin, he too is in the twilight stages of his career. Feb 15, 2024; Daytona Beach, Florida, USA; NASCAR Cup Series driver Martin Truex Jr. (19) before the start of the Bluegreen Vacations Duel 1 at Daytona International Speedway. Mandatory Credit: Peter Casey-USA TODAY Sports Things get interesting with the #20 car as it is one with immense history. The #20 car has seen it all and won it all. During the team&#8217;s most successful era during the early 2000s, Tony Stewart stepped up and won two Cup Series championships. Smoke&#8217;s title wins put the team on the map and Joe Gibbs has never looked back since. Currently, the driver of the #20 is Christopher Bell. The team has also seen legends like Joey Logano, Matt Kenseth, and Erik Jones race in it. Feb 15, 2024; Daytona Beach, Florida, USA; NASCAR Cup Series driver Christopher Bell (20) reacts in victory lane after winning the Bluegreen Vacations Duel 2 at Daytona International Speedway. Mandatory Credit: Peter Casey-USA TODAY Sports But perhaps the most iconic car number belongs to Ty Gibbs, or what it used to be numbered back in the day. The #54 was the #18 car back when Kyle Busch was a racer in the team. It was the first car that Joe Gibbs fielded when he first started the team and it has produced world champions like Rowdy and the team&#8217;s first-ever Cup winner, Bobby Labone. After Busch left the team for Richard Childress Racing at the end of 2022, Ty Gibbs took his place and his car was renumbered #54. Feb 15, 2024; Daytona Beach, Florida, USA; NASCAR Cup Series driver Ty Gibbs (54) before the start of the Bluegreen Vacations Duel 1 at Daytona International Speedway. Mandatory Credit: Peter Casey-USA TODAY Sports Joe Gibbs Racing partnerships and endorsements They might be a newer team compared to the likes of Hendricks Motorsports and Richard Childress Racing, but Joe Gibbs Racing is one of the biggest teams in NASCAR today. That means they have some of the biggest companies in the world backing them as sponsors to win championships like the Cup and the Xfinity Series. These sponsors include the likes of Coca-Cola, FedEx, Interstate Batteries, Monster Energy, Bass Pro Shops, Mavis Tires, and DeWalt to name a few. FedEx has become synonymous with the #11 team of Denny Hamlin. The veteran NASCAR racer has been a partner of the brand for several years now and it doesn&#8217;t seem like their time together will end anytime soon. The only thing that FedEx would want at this point more than anything is for Hamlim to win a Cup Series championship and become a true legend of the sport. Bass Pro Shops, the fishing equipment company has been in NASCAR for several years now and they also sponsor JGR&#8217;s Martin Truex Jr. Joe Gibbs&#8217; son, Ty, is sponsored by Monster Energy and DeWalt is a partner of the#20 team of Christopher Bell. Feb 4, 2023; Los Angeles, California, USA; NASCAR Cup Series driver Ty Gibbs (54) during practice for the Busch Light Clash at the Coliseum at the Los Angeles Memorial Coliseum. Mandatory Credit: Jason Parkhurst-USA TODAY Sports Overall, it is safe to say that the sponsorship situation is well thought out and distributed among JGR&#8217;s four full-time Cup racers. Despite all of that, team owner Gibbs sold a small part of his organization in 2023. Joe Gibbs Racing sells teamâ€™s minority stake The news was broken in June of 2023 that Joe Gibbs had sold a minority stake in Joe Gibbs Racing to Harris Blitzer Sports &amp; Entertainment (HSBE) and Arctos Partners. As part of the new deal, the 83-year-old NASCAR team owner would become a limited partner in HSBE.Â â€œJosh Harris, David Blitzer, and their entire team have a vision that has delivered winning franchises in basketball, hockey, soccer, and youth sports. Their teams are among the most successful in their leagues in growing audience and sponsorship, and their commitment to the communities they work in is unparalleled. I am excited to join the HBSE family and to have their support in growing Joe Gibbs Racing,â€ the 83-year-old said after the sale as per RACER. Joe Gibbs Racing&#8217;s major achievements and awards JGR is one of the most successful teams in NASCAR today with five championship wins in the NASCAR Cup Series. Bobby Labonte won the first title in the year 2000, followed by Tony Stewart who won the title twice in 2002 and 2005. The team then had to wait for 10 years before they got their fourth championship win with Kyle Busch in 2015 and Rowdy doubled his tally only four years later. When it comes to the Xfinity Series, the team has been almost equally as successful as in the Cup Series. Joe Gibbs Racing has won four Xfinity Series titles in 2009, 2016, 2021, and 2022. They also have an ARCA title to their name which was accomplished in 2021. Joe Gibbs Racing controversy They may be a fan-favorite team in NASCAR today but Joe Gibbs Racing was at the center of one of the biggest controversies in the sport&#8217;s recent history. In the year 2008, the organizers had mandated that teams, especially ones with Toyota, would run smaller restrictor plates to cut horsepower. To check if teams adhered to the mandate, NASCAR used a dynamometer to measure the HP of many cars at Michigan in the Nationwide Series. It was found that a couple of JGR cars had been utilizing magnets to manipulate the throttle pedals to stop the accelerator from opening fully. Two drivers and the teams saw 150 points deducted and after an internal investigation, seven crew members were indefinitely suspended. But that&#8217;s not all JGR has been criticized for. The five-time Cup Series champions were accused of playing a big role in the shutting down of smaller race teams like Furniture Row Racing in 2018 and Leavine Family Racing in 2020. Both of those teams had entered into a technical alliance with JGR and Toyota Racing Development. The way Kyle Busch left the team in 2023 was also quite questionable. According to Rowdy, the team did not have any sponsorship in place after Mars and M&amp;Ms pulled out of their deals at the end of the 2022 season. The team essentially wanted the two-time Cup Series champion to run an unsponsored car and that just did not sit well with him. â€œWe got to call everybody else.â€™ â€¦ [Instead] they offered me a contract to race there and they werenâ€™t going to have sponsorship on the car, but I didnâ€™t feel like that was fair for the 15 years that I was there; I didnâ€™t want Joe putting his own money into the program,&#8221;Â the NASCAR veteran had said later on. RICHMOND, VIRGINIA &#8211; AUGUST 13: Kyle Busch, driver of the #18 M&amp;M&#8217;s Toyota, waits on the grid during practice for the NASCAR Camping World Truck Series Worldwide Express 250 for Carrier Appreciation at Richmond Raceway on August 13, 2022 in Richmond, Virginia. (Photo by Jared C. Tilton/Getty Images) Joe Gibbs Racing loses its co-owner He may be one of the most successful team owners in NASCAR today but the struggles Joe Gibbs has had to go through, especially recently, have been unthinkable. Joe Gibbs Racing was founded thanks to his son JD Gibbs and both JD and his brother Coy helped run the team with their dad and were co-owners. Unfortunately, they both passed away in a span of a little over 3 years. In 2019, JD Gibbs passed away after four years of battling &#8220;conditions related to brain function&#8221;.Â As the years went by, it became more and more evident that his health was deteriorating yet he put up a valiant fight from 2015 to 2019. In 2022, the night Ty Gibbs won the NASCAR Xfinity Series championship, his father and Joe Gibbs&#8217; other son, Coy Gibbs, also passed away in his sleep and the cause of his death has not yet been announced. The following day was the Cup Series finale and the drivers involved with JGR at the time and in the past paid a heartfelt tribute to the late owner. One can only imagine what Ty must have been going through. Joe Gibbs Social Media  Website https://www.joegibbsracing.com/  Instagram https://www.instagram.com/joegibbsracing/?hl=en  Facebook https://m.facebook.com/joegibbsracing/  Twitter https://x.com/JoeGibbsRacing?s=20    Name Joe Gibbs Racing  Owners Joe Gibbs, HSBE, Arctos Partners  Base Huntersville, North Carolina  SeriesÂ  NASCAR Cup Series, Xfinity Series, ARCA Menards Series  Race Drivers Denny Hamlin, Christopher Bell, Martin Truex Jr, Ty Gibbs  Sponsors Fed Ex, Coca-Cola, Interstate batteries, Monster Energy, Bass Pro Shops, Mavis Tires, DeWalt  Manufacturer Toyota  Founded 1992  Latest Race 2023 NASCAR Cup Series Championship Race (Phoenix)  Championship Cup Series &#8211; 5 Xfinity Series &#8211; 4 ARCA &#8211; 1  Race Victories Cup Series &#8211; 207 Xfinity Series &#8211; 204 ARCA &#8211; 27  Net Worth No official figure for 2024, $230 million in 2020

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Kyle Busch is ending his long-standing Joe Gibbs tenure after a difficult campaign, and he could guess the reason behind his decline.

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'Never the Same' - 'Broken' Kyle Busch Cites Hendrick Motorsports Legend's Example to Explain Waning JGR Relationship

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Kyle Busch

Who is Kyle Busch? If there was anyone to personify the word â€˜consistencyâ€™ in the present era of NASCAR, it would be Kyle Busch. When he first came into the Cup Series, Busch was arguably a brash and aggressive driver. He did not shy away from saying or doing what he felt like and that earned him the â€˜Rowdyâ€™ nickname. You can love it or hate it but his approach to racing led him to win 2 Cup Series championships. Now, he has toned down a lot but despite being one of the older drivers, the hunger is still very much alive. He currently drives the #8 car for Richard Childress Racing. TALLADEGA, ALABAMA &#8211; OCTOBER 02: Kyle Busch, driver of the #18 M&amp;M&#8217;s Toyota, walks onstage during driver intros prior to the NASCAR Cup Series YellaWood 500 at Talladega Superspeedway on October 02, 2022 in Talladega, Alabama. (Photo by Chris Graythen/Getty Images) Kyle Buschâ€™s family Rowdy was born on May 2, 1985, in Las Vegas, Nevada to Tom and Gaye Busch. His first motor racing experience came at the age of six with go-karts. Reports suggest that Kyle Busch was not tall enough to reach the throttle in his first race around the street near his home. His father controlled the pedal while Rowdy drove as per reports. Busch also worked in his familyâ€™s garage and worked as a crew chief for his only sibling (2004 Cup Series champion and 2017 Daytona 500 winner) Kurt Busch at the age of 10 in dwarf car racing. Kyle Busch and Kurt Busch | Credits: Imago Kyle Busch&#8217;s Wife and ChildrenÂ  Rowdy has been in a long and successful marriage to Samantha Busch for 14 years now. The couple got married on December 31, 2010. They met in 2007 at the Indianapolis Motor Speedway. At the time, Samantha was a student at Purdue University and apparently, Kyle was too shy to ask her out first time. Well, good that he mustered up the courage to eventually do so otherwise we wouldâ€™ve been robbed of one of the most wholesome NASCAR couples. Kyle and Samantha have two kids, Brexton Locke Busch and Lennix Key Busch. Brexton is the older of the two and is following his fatherâ€™s footsteps. In fact, he seems to have gotten Rowdyâ€™s talents as he has already made a big impact in the junior racing community. The couple love their kids to death but they faced a lot of issues while conceiving, especially with Lennix. KANSAS CITY, KANSAS &#8211; SEPTEMBER 11: Kyle Busch, driver of the #18 M&amp;M&#8217;s Toyota, spends time with his wife Samantha and daughter Lennix Key on the grid prior to the NASCAR Cup Series Hollywood Casino 400 at Kansas Speedway on September 11, 2022 in Kansas City, Kansas. (Photo by Chris Graythen/Getty Images) In 2018, Kyle and Samantha were supposed to welcome their second child to the world. At the time Brexton was just over 3 years old. However, their dreams were shattered and on November 30 of that year, Samantha shared the news of suffering a miscarriage. The couple had been struggling with infertility for the longest time and had turned to IVF to conceive. When it did not work out in 2018, they decided that a surrogate would be a better option. So, in 2022, when Lennix Key Busch was born, they were absolutely overjoyed. Kyle Busch Net Worth 2024Â  Throughout his career, Kyle Busch has earned several accolades. Winning championships and races come to him naturally. When one keeps on winning, they get richer and itâ€™s safe to say that Rowdy is one of the wealthiest drivers in NASCAR today. According to several sources, the 2-time Cup Series champion has an estimated net worth of a whopping $80 million. As per zacjohnson.com, Busch makes roughly $16-19 million annually. Being one of the most popular NASCAR drivers today, Rowdy has no trouble pulling sponsors. The former Cup Series champion recently extended deals with Cheddarâ€™s Scratch Kitchen and Lucas Oil. His current list of partners also include Lenovo, 3CHI, Alsco, Bet MGM, and more. Apart from racing, these partnerships are a big part of Rowdyâ€™s earnings. Him being a team owner for quite a long time also contributes to that. Kyle Busch Career Timeline Though Kyle Busch has been familiar with race tracks from the young age of six having driven in go-karts, the racer began his professional racing career after his 13th birthday, in 1998 with legends car racing. And in a short while, he made his presence known by racking up two track championships at the Las Vegas Motor Speedway Bullring short-track. Soon he moved to late model racing where he ten races during the 2001 season. And soon enough, NASCAR came calling. At the young age of 16, Busch made his Craftsman Truck Series debut at the Indianapolis Raceway Park for Roush Racing after replacing truck series driver Nathan Haseleu, and secured a P9. Not bad for a debut race! The driver made his full-time Cup Series debut in 2005 for Hendrick Motorsports and secured nine Top-5s, in addition to two victories at California Speedway and Phoenix International Raceway. Kyle Busch Partnerships and Endorsements While sponsorship woes might have marked an end to his time at Joe Gibbs Racing, his new team, Richard Childress Racing has backed him pretty well on that front. The No. 8 car of Kyle Busch enjoys an extended partnership with multiple brands like US restaurant chain brand Cheddar&#8217;s Scratch Kitchen, hemp-derived product manufacturer 3CHI, rental company Alsco, sports betting company BetMGM and consumer electronics company Lenovo. Apart from that Lucas Oil also signed as a multi-race primary sponsor, Rebel Bourbon came onboard as new anchor partner for the 2024 season, Zone Nicotine Pouches joined in alongside Global Industrial who will sponsor Busch for select races in 2024. Feb 19, 2023; Daytona Beach, Florida, USA; NASCAR Cup Series driver Kyle Busch (8) during driver introductions before the start of the Daytona 500 at Daytona International Speedway. Mandatory Credit: Mike Dinovo-USA TODAY Sports Kyle Busch Investments Apart from being a motorsports athlete, Kyle Busch is an entrepreneur. There are several ventures that he has started or partnered with so far in his life, one of them being Rowdy Nation. Fans can get an official Kyle Busch fan membership and exclusive merchandise from the platform. He also got a return on his investment through one of his properties in 2023. Rowdy sold his North Carolina house. The home was 15,000 sq feet and was built on 1.4 acres of land near Lake Norman, with a side of the house facing the water body. It was listed for $13 Million and the real estate agent was Heather Gibbs, daughter-in-law of NASCAR team owner Joe Gibbs and NASCAR racer Ty Gibbs&#8217; mother.Â  Kyle Busch NASCAR Career Stats To say that Kyle Busch has had an iconic career wouldn&#8217;t be an understatement. In his illustrious career, the driver has won 63 of 679 races in the NASCAR Cup Series. Apart from that, he also has 373 Top-10s and 33 poles. In NASCAR&#8217;s second tier division, the Xfinity Series, the driver has 102 victories from 366 races, along with 70 pole positions and 266 Top-10s. In the NASCAR Craftsman Truck Series, Busch has 65 wins in 170 races, 138 Top-10s and 23 poles. In NASCAR&#8217;s top division, the driver has an average start and average finish of 12.2 and 13.81, respectively. Kyle Busch Records If you thought Kyle Busch&#8217;s list of accolades end here, you were sorely mistaken. The #8 driver is the first in NASCAR Cup Series history to win on every track competed. He was also the first driver to win one race in each of NASCAR&#8217;s three divisions in one weekend. Apart from that, the driver held on to his superiority by winning at least one race in the NASCAR Cup Series for 19 consecutive seasons. He also tops the list for the most wins in the NASCAR Craftsman Truck Series with 64 victories to his name. His most recent win came in February 2024, when he won the Truck Series race at Atlanta Motor Speedway. Feb 16, 2022; Daytona, FL, USA; NASCAR Cup Series driver Kyle Busch (18) talks to the press during Daytona 500 media day at Daytona International Speedway. Mandatory Credit: John David Mercer-USA TODAY Sports Kyle Busch Major Achievements and Awards Kyle Busch has won several honors in his career and it would take anyone far too long to list all of them. So here are some of his most notable ones. Rowdy is a 2-time Cup Series champion and a 1-time Xfinity Series champion. He has won the Brickyard 400 twice, the Southern 500 once, the Coca-Cola 600 once, and the All-Star race once. The NASCAR legend has made his mark in other competitions as well, winning the Snowball Derby on two different occasions. He also holds the record for the most wins by a driver in the Xfinity and Truck Series. Apart from that, he was also inducted into NASCAR&#8217;s 75 Greatest Drivers list in 2023. Charity and Foundation Kyle Busch, along with his wife, chairs The Samantha and Kyle Busch Bundle of Joy fund. According to its official website, â€œThe Samantha and Kyle Busch Bundle of Joy Fund is dedicated to advocating for infertility education and awareness and removing financial barriers by granting monetary awards to couples who require fertility treatments to have their own bundle of joy.â€ The statistics on the charityâ€™s website suggest that they have awarded 116 grants and generated $1,509,880. They have also facilitated the birth of 83 babies so far. Itâ€™s safe to say that the couple did not want anyone to suffer as much as they did in order to conceive and have helped several families as a result. Kyle Busch Motorsports Kyle Busch dabbled into the ownership line in NASCAR not too long after making his debut in the Cup Series. Kyle Busch Motorsports was founded in the year 2010 and they have been quite successful in the NASCAR Truck Series with two championships. The team had also won the ARCA East Series. KBM has been a venture that was close to Rowdyâ€™s heart but he took the tough decision to sell it in 2023, with Spire Motorsports being the buyer. Although the fee for the sale was not immediately made public, Charlotte Business Journal reported it to be close to $14.5 million. Kyle Busch and Alex Bowman rivalry Itâ€™s safe to say that Alex Bowman and Kyle Busch are not the best of friends. They have not always raced each other very clean and after one race, Rowdy lost his cool with the Hendrick Motorsports driver. It was the 2022 race in Las Vegas, and Busch was in prime position to win the Cup Series race. However, a late crash involving Erik Jones and Bubba Wallace brought out the caution with less than 2 laps to go. As a result, Alex Bowman was able to get on fresh tires and snatch the win away from the then-Joe Gibbs Racing driver. On the team radio after the race, Rowdy expressed his feelings towards Bowman and it was not pretty. â€œSame f****** guy who backs into every f****** win that he ever f****** gets, backs into another f****** win,â€ he said. Kyle Busch and Joey Logano rivalry Another driver that Kyle Busch might not have too great of a relationship with is Joey Logano. The two drivers are infamous for causing a bloody fistfight in Las Vegas in 2017. As the race progressed, Logano was racing quite hard and while in close quarters with Rowdy, he turned the #18 Joe Gibbs Racing car. What ensued on the pit road after this was chaos. Rowdy confronted Logano and threw a vicious punch that seemed to somewhat catch the driver of the #22. The two drivers were then surrounded by people trying to separate them as they fought each other. In the end, Busch seemed to come off it worse with a cut on his forehead. It was one of the few times Busch went full &#8216;rowdy&#8217;. SONOMA, CA &#8211; JUNE 24: Joey Logano, driver of the #20 The Home Depot Toyota, speaks with Kyle Busch, driver of the #18 M&amp;M&#8217;s Pretzel Toyota, during qualifying for the NASCAR Sprint Cup Series Toyota/Save Mart 350 at Infineon Raceway on June 24, 2011 in Sonoma, California. (Photo by Tom Pennington/Getty Images) Kyle Busch ControversiesÂ  Rowdy got himself into trouble with the Mexican authorities in January of 2023 as he breached the countryâ€™s gun laws. According to the Associated Press, Kyle Busch was detained at a Mexican airport after authorities discovered a handgun and ammunition in his luggage. Initially, he was sentenced to prison for 3-and-a-half years and was ordered to pay a fine of $1,000. However, he was allowed to leave Mexico after paying a bond.Â  He got into trouble with the authorities in 2011 at home. Busch was cited for speeding 128 mph in a 45 mph speed limit zone. The incident took place near Troutman, North Carolina, on May 24. Kyle Busch and M&amp;M&#8217;S One of Rowdyâ€™s oldest sponsors was M&amp;M&#8217;S. Busch was with the company for 15 years before they decided to drop him. This led Rowdy to switch teams and move from Joe Gibbs Racing to Richard Childress Racing in 2023. However, with the M&amp;M on his carâ€™s hood, Busch has seen some of the best moments of his career, including his 2 Cup wins and countless race victories. Oct 16, 2022; Las Vegas, Nevada, USA; NASCAR Cup Series driver Kyle Busch (18) during the South Point 400 at Las Vegas Motor Speedway. Mandatory Credit: Gary A. Vasquez-USA TODAY Sports Kyle Busch in Popular Media Kyle Busch has a documentary film about his life called â€˜Rowdyâ€™ which was released in 2022. He is a part of several NASCAR video games and has appeared in TV series and movies as well. He cameoed as a state trooper in the 2017 film Logan Lucky. He even won the WWE 24/7 championship after appearing on an episode of Monday Night RAW. Kyle Busch Social Media Rowdy is fairly active on all of his social media handles. Given his activity, he seems more like a Twitter user.  Facebook https://www.facebook.com/KyleBusch  Instagram https://www.instagram.com/rowdybusch/  Twitter https://twitter.com/KyleBusch  &nbsp;  Full Name Kyle Busch  Popular Name Rowdy  Birth Place Las Vegas,Â Nevada, U.S  Birth Date May 2, 1985  Height 6Â ft 1Â in  Weight (in pounds) 185Â lb  Parents Tom and Gaye Busch  Siblings Kurt Busch  Nationality American  Ethnicity Caucasian  Net Worth $80 million  Salary $16-19 million  Relationship/ Spouse Married to Samantha Busch  Children Brexton Locke Busch, Lennix Key Busch  Profession Race car driver  Team Richard Childress Racing

‘Never the Same’ – ‘Broken’ Kyle Busch Cites Hendrick Motorsports Legend’s Example to Explain Waning JGR Relationship

Was it really that bad for Kyle Busch?