**Michael Jordan Officially Resigns from NASCAR Ownership Role**
March 13, 2025 – Legendary NBA icon Michael Jordan has formally announced his resignation from his role as co-owner of the 23XI Racing team in NASCAR, ending a chapter that marked a groundbreaking moment in the sport’s history. Jordan, who made headlines in 2020 for entering the world of motorsports, confirmed the news earlier today through a statement released by his team.
“I’ve always believed in pushing boundaries and exploring new challenges. My decision to step away from NASCAR was not an easy one, but it’s the right choice for me at this stage in my life,” Jordan said in his statement. “The team is in great hands, and I have full confidence in their ability to continue to build on the success we’ve achieved together.”
Jordan’s involvement in NASCAR began when he partnered with longtime friend and businessman Denny Hamlin to form 23XI Racing, a team that brought a fresh wave of attention to the sport. The team, which has seen notable success, particularly with driver Bubba Wallace, was seen as a pivotal moment in diversifying the NASCAR landscape, with Jordan becoming the first African American majority owner in the sport’s history.
During his tenure, Jordan’s influence extended beyond ownership. His passion for success and his leadership helped bring both visibility and a new level of excitement to NASCAR, attracting fans from different backgrounds and bringing in sponsors that aligned with his brand’s vision.
Despite stepping down, Jordan will continue to be involved in philanthropic efforts through his various ventures and remain a significant figure in the world of sports. His resignation from NASCAR marks the end of a transformative period for the sport, but his legacy within the racing world will undoubtedly continue.
The 23XI Racing team has yet to announce Jordan’s successor, but sources close to the team indicate that plans are already underway to ensure a smooth transition.
