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Jimmie Johnson is now the majority owner of Legacy Motor Club after the organization added a minority stakeholder. Legacy Motor Club announced Monday that Knighthead Capital Management has acquired a minority stake in the NASCAR team.

Seven-time NASCAR Cup Series champion Jimmie Johnson is now the majority owner of Legacy Motor Club.

RACER has confirmed that Legacy Motor Club is preparing to announce a partnership with Knighthead Capital that includes Jimmie Johnson becoming the team’s majority owner. The seven-time