Stewart-Haas Racing will close its NASCAR teams at the end of this season, with co-owners Tony Stewart and Gene Haas saying 'it's time to pass the torch.'
Co-owners Tony Stewart and Gene Haas announced the decision Tuesday after nearly a year of rumors that their four-car Cup Series team was looking to sell its charters and either scale back or exit the stock car series completely.
The move will also shutter the SHR Xfinity Series team, with two cars driven by Cole Custer and Riley Herbst. Stewart, Harvick and Clint Bowyer have all retired from NASCAR driving and SHR since then has been in a grueling rebuild.
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