Recent sale of part of JGR to an investment group is not a sign that JGR is about to change hands.
When NASCAR and Pro Football Hall of Fame member Joe Gibbs created Joe Gibbs Racing more than three decades ago, he cited the opportunity to spend more time with his family, especially sons J.D. and Coy, as the reason for his decision.Both J.D. and Coy are now gone, dying in 2019 and 2022, both at the age of 49. However, the team continues as a family operation, shifting to the 82-year-old executive’s grandchildren.
, which became a minority investor in the team in June, bought out the Gibbs family is inaccurate. He says that ever since JGR was created they have always looked at ways to strengthen the operation financially without the Gibbs family relinquishing control of it.Getty Images “They have a lot of companies that they’re associated with,” Joe says. “They’re very sophisticated in the technical ways they run their companies. There’s just so many things I think we could benefit from in having this relationship.”
"However, it wasn’t Joe’s NFL’s connection to the team that led him to HBSE. It was purely coincidental since Joe says discussions with the investment group began 10 months ago, and for the first three months the Washington Commanders weren’t for sale. The discussions with HBSE began before
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