Rick Hendrick has long been viewed as one of the most powerful figures in NASCAR, a team owner synonymous with championships, stability, and financial muscle. 

But as the sport’s ongoing antitrust battle exposes the economics behind the scenes, Hendrick, who wasted no time sharing his thoughts on NASCAR’s recent settlement, has acknowledged a far more complicated reality, one that includes staggering losses despite outward success.

The Hendrick Motorsports owner recently admitted that even his elite organization has been operating at a significant deficit, revealing how the current NASCAR business model strains even its most successful participants. 

That admission has renewed interest not only in Hendrick’s influence within the sport, but also in his overall wealth and how racing fits into a much larger financial empire.

What is Rick Hendrick’s net worth?

As of 2025, Rick Hendrick’s estimated net worth sits at approximately $1 billion, according to Celebrity Net Worth. That figure reflects decades of success well beyond the racetrack, driven primarily by his ownership of the Hendrick Automotive Group, one of the largest privately held auto dealership networks in the United States. 

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While Hendrick Motorsports is his most visible venture, it represents only a portion of his overall wealth.

Hendrick Automotive Group operates more than 100 dealerships across multiple states and generates billions in annual revenue. That business foundation has allowed Hendrick to sustain a NASCAR operation that has won 14 Cup Series championships and shaped the careers of legends such as Jeff Gordon, Jimmie Johnson, and Chase Elliott. 

However, Hendrick has made clear that racing itself is not the profit engine many fans assume it to be.

In a letter submitted as part of the ongoing antitrust lawsuit involving NASCAR, 23XI Racing and Front Row Motorsports, Hendrick disclosed that his team has lost a combined $20 million over the past five years despite winning two championships during that span. 

He described the current charter system as “unsustainable,” warning that teams have reached a financial breaking point without meaningful structural change.

According to the letter, Hendrick Automotive Group did $1 billion in business with Hendrick Motorsports sponsors in 2023 alone. That figure was not profit, but spending tied directly to sponsor relationships that support the race team.

Hendrick detailed the scope of those commitments, citing Ally’s $951 million in retail loan originations, more than a million NAPA parts purchased, nearly 900,000 gallons of Valvoline oil used, and tens of thousands of uniforms and gallons of paint supplied by UniFirst and Axalta.

NHRA officials have announced the addition of Greenfield Dragway in Greenfield, Nova Scotia to the NHRA Member Track Network as part of the NHRA’s Northeast Division (Division 1).

Greenfield Dragway sees race vehicles of all styles on the scenic track. From hotrods to motorcycles and snowmobiles, Canadian grassroots racers have always been eager to visit Greenfield Dragway.

“We at Greenfield Dragway are grateful and excited for the opportunity to join the family of NHRA member tracks,” said the Greenfield Dragway Board of Directors. “We are looking forward to extending the immediate benefits of membership to our racers and anxiously look ahead to the possibilities that may come down the road for our great little track here in mainland Nova Scotia. Here’s to a long and prosperous partnership.”

As part of the NHRA Member Track Network, Greenfield Dragway will have access to NHRA’s extensive and robust support programs, insurance benefits and national marketing platforms. Greenfield Dragway will also be eligible to offer racers in the area a variety of NHRA-sanctioned racing opportunities in the future, including the NHRA Summit Racing Series, the NHRA Summit Racing Jr. Drag Racing League, NHRA Street Legal, NHRA Jr. Street and more.

With this new partnership, the facility will play a key role in promoting grassroots NHRA drag racing and fostering a strong community of racers and fans in the area.

“We are proud to welcome Greenfield Dragway to the Northeast Division,” said Mark Dawson, NHRA Northeast Division Director. “Greenfield Dragway will mark NHRA’s 11th Canadian member track and we are thrilled with see the continued growth of our international member track family.”

For more information on Greenfield Dragway, visit nsdra.ca. For more information on NHRA, including the 2026 schedule, visit NHRA.com.

This story was originally published on December 12, 2025.

Michael Jordan and his 23XI Racing team secured a favorable settlement (alongside Front Row Motorsports) from NASCAR to quash a 14-month saga. As the antitrust lawsuit has come to an end, Express U.S. Sports has taken a look at Jordan’s involvement and accomplishments in NASCAR through the years.

2020: Jordan and Denny Hamlin set out to purchase a charter, even considering obtaining a stage in Richard Petty Motorsports. Instead, they purchase a charter from Germain Racing and keep most of the Germain crew and facilities. After months of deciding, they settle on 23XI Racing as the name.  

2020: 23XI Racing signs Bubba Wallace — departing Richard Petty Motorsports — and assigns him the No. 23 car (named after Jordan’s longtime NBA number) for the 2021 season. 

2021: Wallace, the only black driver in NASCAR, finishes 21st in his first season with 23XI Racing. Kurt Busch is recruited to drive the new No. 45 car for 2022. 

2022: After Busch struggles, 23XI Racing buys out the talented Tyler Reddick. In 2024, Reddick becomes the first 23XI driver to reach the Championship Four.  

Years since: Riley Herbst is recruited to drive the No. 35 in 2025. 23XI Racing employs the No. 50 and No. 67 part-time with a rotating cast of drivers. 

2024: On October 2, 23XI files a lawsuit against NASCAR, calling for charters to become permanent while labeling the racing giants as monopolistic bullies. A temporary injunction allows the 23XI Racing drivers to compete in 2025. 

December 2025: After eight days in court, NASCAR agrees to make charters permanent while being forced to pay over $300 million in damages. 

Jordan, standing next to longtime NASCAR CEO Steve Phelps outside the courthouse, addressed the media. “Like two competitors, obviously we tried to get as much done in each other’s favor,” he said.

“I’ve said this from Day 1: the only way this sport is going to grow is if we have to find some synergy between the two entities. I think we’ve gotten to that point. Unfortunately, it took 16 months to get here, but I think level heads have gotten us to this point where we can actually work together and grow this sport. I am very proud of that, and I think Jim feels the same.”

What’s Happening?

NASCAR 25 Producer Matt Lewis addressed the lack of alcoholic beverage sponsors in the new NASCAR console game during a recent interview, explaining the intricate factors that go into their inclusion in the game.

Though NASCAR fans have enjoyed iRacing’s NASCAR 25, they have had a hard time overlooking one specific thing missing from the newest NASCAR console game.

When NASCAR 25 opened early access in October, fans quickly found out that the game does not include sponsorships from companies that sell alcoholic beverages, such as Traveller Whiskey, Busch Light, and Rebel Bourbon.

This is nothing new to NASCAR fans, and the resulting lack of these sponsors brought back the “kid-friendly” paint schemes that populated NASCAR games of the past.

For example, in NASCAR 25, Justin Allgaier’s Traveller Whiskey No. 40 is simply the JR Motorsports No. 40, similar to cars like the “Dale JR No. 8 (replacing Budweiser) or the Sterling Marlin No. 40 (replacing Coors Light) in the EA line of NASCAR games.

Despite this familiar alteration of these paint schemes, more modern NASCAR games, mostly from the past decade, have included these sponsors, leading fans to wonder how and why this happened in NASCAR 25, and if NASCAR 26 could see these sponsorships make a return.

During a recent interview with Eve Hannah, Matt Lewis, a Producer at iRacing, explained what goes into getting approval to add these sponsors to NASCAR video games and what fans can expect in the future.

Lewis says that while there are ways of adding these sponsors to games without younger players having access to any of their paint schemes, via previously used age-gating services, the decision ultimately comes down to these companies deciding they “want to be associated with video games.”

“For better or for worse, there’s still a perception out there that video games and kids are sort of hand in hand. And even though the vast majority of our audience for this game are well above, not just 18, but even the drinking age, there is that concern, right? So in a lot of cases, it’s the beverage companies themselves who say, ‘We don’t, we don’t really need to be in a video game because that’s predominantly kids.’” — Matt Lewis.

Though Lewis did not directly say this is why the sponsors were not in NASCAR 25, he also didn’t rule out their inclusion in future games, saying it “depends on each development year.”

“We have the conversation almost every year of whether we’re going to allow it and how we’re going to allow it,” Lewis said. “So it’s another one that I would say is on on the radar. We’ll kind of see how things play out.”

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Sam Corry will return to Nitro Motorsports for a pair of ARCA Menards Series races in 2026, the team announced Dec. 12.

Corry will drive in the national series event at Watkins Glen International, plus in the ARCA Menards Series West race at Portland International Raceway.

Corry’s car number for the races wasn’t announced.

In addition to his ARCA starts, Corry is also competing for Nitro as part of its TA2 entry in the Trans Am Series.

“I’m really excited to be back with Nitro Motorsports for 2026 and to make a full run at the TA2 championship,” Corry said in a team release. “Last year showed me how competitive and demanding this class is, and I feel like we’ve built the foundation we need to fight for wins right away.

“My goal is simple — contend for the championship, fight for race wins and podium results, continue improving every weekend, and make the most of the opportunity to grow through the ARCA races as well. I’m grateful to Nick (Tucker) and Joe (Tovo) and everyone at Nitro Motorsports for believing in me and giving me the tools to keep moving forward.”

Mia Lovell Running ARCA West for Nitro

“Sam has been a key part of our program and someone we’ve believed in from the start,” Tucker said. “He’s mature, fast, and incredibly focused — exactly what you need to succeed. His pace last year showed he’s ready to fight at the front and giving him a couple of ARCA starts will only accelerate his growth and possibly provide a look into the future. We’re excited to have him back and fully expect him to be a championship contender in 2026.”

In 2025, Corry made three starts, all on ovals, between Nitro and Venturini Motorsports. His best finish of seventh came at Iowa Speedway.

Executive Editor at Frontstretch

Kevin Rutherford is the executive editor of Frontstretch, a position he gained in 2025 after being the managing editor since 2015, and serving on the editing staff since 2013.

At his day job, he’s a journalist covering music and rock charts at Billboard. He lives in New York City, but his heart is in Ohio — you know, like that Hawthorne Heights song.

The International Hot Rod Association (IHRA) announced Friday its acquisition of Maple Grove Raceway.

Established in the early 1960s, Maple Grove Raceway has earned national recognition as one of the fastest and most respected drag racing venues in the United States. For generations, it has served as a destination for racers and families, building a legacy rooted in community, competition, and tradition.

Under the leadership of the Koretsky family, Maple Grove has undergone a period of revitalization—pairing modern operational enhancements with the family-focused culture that has defined the racetrack for decades. Their commitment has preserved the track’s heritage while positioning it for long-term growth. The Koretsky family will continue to play an active role throughout the transition and in guiding Maple Grove’s future direction.

“This is a track with deep roots and an even stronger future,” said Darryl Cuttell, Owner of IHRA. “Maple Grove represents what racing should be—competitive, welcoming, and centered around racers and families. Bringing it under the IHRA umbrella is not just a business decision; it’s a commitment to strengthening the sport and investing in its long-term success.”

The Koretsky family emphasized the personal significance of this transition.

“Maple Grove has always been more than a racetrack to our family—it is home, not just for us, but for generations of racers,” the Koretskys said. “Our mission has always been to preserve this facility and ensure it remains a premier racing destination. Seeing Maple Grove join the IHRA family feels like a natural and meaningful next step for the sport.

“Meeting Darryl and Leah from the IHRA was truly eye-opening. Their vision, work ethic, and genuine passion for racers and fans are unmatched. Their innovative, forward-thinking approach is exactly what this sport has been missing. The IHRA shares our values—making racing affordable, fun, and family-centered. This new chapter is about honoring Maple Grove’s legacy while elevating the experience for future generations.”

The Koretsky family looks forward to working closely with the IHRA throughout 2026 and beyond.

With IHRA ownership, Maple Grove Raceway is expected to see continued investment in racer-focused services, fan amenities, youth and grassroots development, safety programs, and infrastructure improvements. This acquisition reinforces IHRA’s broader vision to elevate drag racing at every level while protecting the traditions that have made it a cornerstone of American motorsports.

Additional announcements regarding upcoming events, programming, and future initiatives at Maple Grove Raceway will be released in the coming months.

The International Hot Rod Association (IHRA) is a global motorsports sanctioning body dedicated to racer-first competition, fan engagement, and the advancement of motorsports across multiple disciplines—including drag racing, stock car racing, offshore powerboating, drag boat racing, snowmobile competition, and more. IHRA is committed to innovation, safety, and the long-term sustainability of competitive racing.

This story was originally published on December 13, 2025.