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New owners purchase Furniture Row Racing’s charter

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Spire Sports + Entertainment, an agency that represents drivers and sponsors and works with some NASCAR teams, has purchased Furniture Row Racing’s charter, NBC Sports confirmed Tuesday.

The new team’s car number will be 77. The team will field Chevrolets. Driver, sponsor and an alliance will be announced at a later date.

The team will be co-owned by Jeff Dickerson and T.J. Puchyr, among the founders of Spire.

“We think this is the perfect time to buy in,” Dickerson told NBC Sports about why the company was moving into the role of a car owner and purchasing a charter. “Our guys sit in board rooms and tell people how much they believe in the sport. We believe in this sport. We believe in the leadership.”

The Furniture Row Racing charter is the most valuable charter to be sold. Part of the money paid to teams with charters is based off performance the past three years. With a championship and runner-up finish the past two years, the Furniture Row Racing charter will provide more money than any of the previous charters that have been sold. Furniture Row Racing ceased operations after this season.

A NASCAR spokesperson said that the sanctioning body does not reveal the price of charters but NBC Sports has learned that this is the most paid for a charter. The only charter price that has been revealed came from the sale of BK Racing’s charter through bankruptcy court in August. Front Row Motorsports purchased that charter and team equipment for $2.08 million.

There are 36 charters in Cup. A charter team is guaranteed a starting spot each race. To maintain the charter, a team must compete in every race.

This will be the first time for Dickerson and Puchyr to be Cup car owners. They can provide the new ownership that some have questioned for the sport as the current group of owners age.

Spire Sports + Entertainment was founded in 2010. Among the drivers the company represents are: Kyle Larson, James Hinchcliffe, Landon Cassill, Ross Chastain, Todd Gilliland, Justin Haley, Vinnie Miller and Garrett Smithley.

Spire Sports + Entertainment also provides services to Hendrick Motorsports, Chip Ganassi Racing, GMS Racing and Toyota Racing Development.

 

 

WATCH LIVE: NASCAR America at 5 pm ET — Dale Jr. seeks first Charlotte win, James Hinchcliffe update

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On today’s edition of NASCAR America, we begin our in-depth look at this Sunday’s Coca-Cola 600 at Charlotte Motor Speedway.

Among features on today’s show, our Marty Snider talks with Dale Earnhardt Jr., who is seeking his first career Sprint Cup win at CMS.

Mike Massaro, Parker Kligerman and Kyle Petty host today’s show, which runs from 5 to 5:30 pm ET, from our Stamford (Conn.) studios.

Also on today’s show:

  • Scan All 43 takes you inside the radio chatter between drivers, spotters and crew chiefs from last weekend’s Sprint All-Star race.
  • A medical update on IndyCar driver James Hinchcliffe who was injured in a violent crash during Monday’s Indianapolis 500 practice.
  • Nate Ryan calls in to give us the latest regarding a possible rules violation penalty for Jimmie Johnson following last Saturday’s Sprint All-Star Race.
  • Also as a reminder, tomorrow (Wednesday) the NASCAR Hall of Fame Class of 2016 inductees will be announced live on NASCAR America at 6 pm ET.

If you plan to stream today’s show on your laptop or portable device, be sure to have your username and password from your cable/satellite/telco provider handy so your subscription can be verified.

Once you plug those pieces of information in, you’ll have access to the stream.

Remember, click here at 5:00 p.m. ET to watch NASCAR America live.

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