Former NASCAR driver Justin Marks is in the process of starting a new Cup Series team and competing as early as 2021, Marks detailed to the Sports Business Journal.
Marks, who has 80 NASCAR starts and last competed in 2018, is building a team called Trackhouse that would have a “cause-marketing focus around promoting STEM education” according to SBJ.
Marks, who once was a co-owner of an ARCA Menards West team with the late Harry Scott, said a goal of the team is to “serve America’s minorities and underrepresented youth population”
Marks told SBJ he is in negotiations to acquire a charter for the team, that his family foundation will use investment capital to fund 50% of the team’s budget and that a “nationwide family entertainment business” will be a sponsor.
One of Marks’ partners will be Ty Norris, a former executive at Michael Waltrip Racing.
The work that @NASCAR is doing on the future of the sport is 100% what is needed. It’s been a dream of mine to compete at the highest levels in the sport and the business. Announcements to come. https://t.co/f4ilQiLKBR
— Justin Marks (@JustinMarksDG) August 14, 2020