Gene Haas reportedly confirms he has no plans to sell the Haas F1 Team despite the planned shutdown of his NASCAR team, Stewart-Haas Racing, by the end of 2024.
Gene Haas, co-owner of the Haas F1 Team, has reportedly reiterated that he has no intentions of selling his Formula 1 operations, following news of the closure of Stewart-Haas Racing, his NASCAR venture, by the end of 2024.
Stewart-Haas Racing, managed jointly with Tony Stewart, cited the demanding nature and the significant resources required in competitive racing as factors leading to their decision to close. They commented in a joint statement: “Racing is a labour-intensive, humbling sport. It requires unwavering commitment and vast resources, with a 365-day mindset to be better than everyone else. It’s part of what makes success so rewarding.
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.The announcement of the NASCAR team closure spurred on rumors of a potential sale of the Haas F1 team. However, according to AP News Journalist Jenna Fryer, Haas is not looking to sell at this stage. Fryer posted to social media:May 30, 2024
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