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🏎 Stewart Haas Racing Shuts Down After 15 Years In NASCAR

🏎 Stewart Haas Racing Shuts Down After 15 Years In NASCAR

Where will the SHR drivers and charters end up in 2025?

Kyle Dager
May 29, 2024

Good morning! With Leclerc’s popular win in Monaco, we’ve now seen more winners in F1 this season than we did all last season. And, we’re only in May!

Will the trend continue? Or will Verstappen and Red Bull return to their dominant form?

Will we see more winners in F1?

Parker’s POV

It Really Is The Best Racing Show In The World

"THAT WAS THE BEST 50 laps of 2024 in Motorsports," a friend proudly proclaimed after watching the final quarter of this year’s Indy500.

He wasn’t wrong. It was a sensational finish to a race that showcased bravery, skill, and a no-holds-barred 240 MPH slugfest for one of motorsport’s most coveted prizes. Along with being the highest single-paying race in America, with over $4 million awarded to winner Josef Newgarden for going back to back, it was a spectacle to behold.

But more than that, the Indy500 is an institution that has endured decades of infighting, periods of low attention, and waning interest. Yet, when the product aligns with its original spirit, it captivates human beings again. Just look at the 350,000 people in attendance and the 6.4+ million viewers who tuned in on TV.

Consider this: when the Indy500 began, it was a test of man and machine over 500 miles. Today, it’s still a rigorous test of the driver, but nobody wins without a great machine.

Sure, we are no longer developing new propulsion systems or redefining what a car is, as they did in the early days. But that doesn’t matter. Today’s Indy500 is an excellent show because it has never forgotten its purpose: to be the fastest 500-mile race in the world, testing man and machine at the highest speeds of their era. All for the glory of being celebrated by 350,000 adoring fans.

And everyone won because they witnessed a pure 50 laps of green-flag racing by the best oval open-wheel drivers on the planet, competing for a trophy that’s been on offer for 108 years.

That's pure. In many ways, the Indy500 may be the last race of its kind that has changed so little from its original format. Almost every other major motor race has evolved far from its beginnings or even just two decades ago. But not the Indy500

In a few years, we may look back on this year’s race as a reminder: sometimes, the best things in life got it right from the start.

🎙 The Money Lap Podcast

New Episode! Season 2 Episode 23 - Is the NASCAR Charter system backfiring?

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End Of An Era: Stewart-Haas Racing To Shut Down

A joint statement from Tony Stewart and Gene Haas, the co-owners of Stewart-Haas Racing, regarding the future of our team following the 2024 season.
— Stewart-Haas Racing (@StewartHaasRcng)
8:33 PM • May 28, 2024

Stewart-Haas Racing, a two-time NASCAR Cup Series champion, will close after the 2024 season. Co-owners Gene Haas and Tony Stewart cited the intense demands of racing and their personal lives as reasons. “It’s a decision that did not come easily, nor was it made quickly.”

Despite a storied history, SHR has struggled recently, failing to win a Cup race in nearly two years. The departure of key sponsors and drivers has exacerbated the situation. "We’re proud of all the wins and championships we’ve earned since joining together in 2009."

The future of SHR’s drivers, including Chase Briscoe and Noah Gragson, is uncertain, as are the fates of their valuable charters. The news also raises questions about the impact on Ford Performance’s NASCAR program.