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Rumors started swirling in late 2019 about Floyd Mayweather and his ownership of a NASCAR Cup Series team in 2020. While there hasn’t been much public information as of late on The Money Team Racing’s debut, behind the scenes things appear to be ramping up for a debut sometime later this year.

Floyd Mayweather announces NASCAR Cup Series team

It all started in October 2019. That’s when the rumors first started that Floyd Mayweather was jumping into NASCAR and fielding a Cup Series team called The Money Team Racing. On the team’s website it provided details including a picture of a No. 50 Chevrolet, which would match Mayweather’s 50-0 career record in the ring.

After those initial details last year, there hasn’t been much in the way of information from the team. In late March, the team’s website and social media accounts posted a video that began with the ringing of a bell followed by a flashy logo accompanied by the sound of thunder.

Some speculated the tweet and the bell ringing indicated that it was the start of something new. Then, like the rest of the sports world, the social media accounts and website went quiet. 

NASCAR’s involvement in the conversation on racial injustice

Since the death of George Floyd, NASCAR has surprisingly been a leader in the sports world and joined in the national conversation on racial injustices and police brutality. NASCAR’s front man has been the lone black driver on the Cup Series Bubba Wallace.

In addition to discussing his own personal experiences with fellow drivers and others within the NASCAR community, Wallace has appeared on multiple media outlets describing what it’s like being a black driver in the predominantly-white sport. In an interview on CNN, Wallace identified changes he hoped might happen in the future including the removal of the Confederate flag.

Two days later, NASCAR announced it would no longer permit the flags at future races in a powerful statement. “The presence of the confederate flag at NASCAR events runs contrary to our commitment to providing a welcoming and inclusive environment for all fans, our competitors and our industry. Bringing people together around a love for racing and the community that it creates is what makes our fans and sport special. The display of the confederate flag will be prohibited from all NASCAR events and properties.” 

The Money Team Racing has been active recently


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On June 2, The Money Team Racing’s social media accounts ended their months of silence by participating in #blackouttuesday. And on June 11, the accounts and team’s website all presented a unified message following NASCAR’s decision to ban the confederate flag.

“We at TMT Racing fully embrace the efforts by NASCAR to recognize the injustices faced by people of color and the need to listen, learn and act,” the message read. 

According to motorsports reporter Adam Stern of the Sports Business Journal, The Money Team Racing is still planning to compete in a handful of Cup Series races this season. 

At this momentous time in our country’s history, and with NASCAR leading the charge in being vocal in its support of the black community, the timing couldn’t be more perfect for Mayweather to run out a team in the Cup Series. And to make things just a bit more intriguing for the future—Bubba Wallace’s current contract with Richard Petty Motorsports expires in 2020.