Spire Motorsports is one of the most exciting and fastest-rising teams in all of NASCAR — a relatively young organization that has already claimed multiple wins, built a three-car Cup Series operation, and attracted some of the biggest names in the sport.
But who actually owns it? The answer involves a veteran NASCAR industry executive, a financial services billionaire with ties to the Los Angeles Dodgers and Chelsea FC, and a restructuring deal that quietly changed everything about how the team operates.
Who Owns Spire Motorsports in 2026?
Spire Motorsports is co-owned by Jeff Dickerson — the longtime NASCAR industry executive and CEO of Spire Holdings — and Dan Towriss, the CEO of TWG Motorsports, which is a subsidiary of TWG Global led by billionaire Mark Walter. The team is officially described on its own website as “co-owned by longtime NASCAR industry executive Jeff Dickerson and TWG Motorsports CEO Dan Towriss.”
Mark Walter — the founder of TWG Global — is the financial powerhouse behind the TWG side of the ownership group. Walter has a net worth of approximately $6 billion and is also part of the ownership group of the Los Angeles Dodgers, Chelsea FC, the Professional Women’s Hockey League, and alongside General Motors’ Cadillac, is entering Formula One. TWG (Top Wealth Group) Global operates Gainbridge as a subsidiary, and Gainbridge is one of Spire’s most visible primary sponsors.
Ownership and Key Stakeholders Table
| Owner / Party | Role | Position | Key Detail |
|---|---|---|---|
| Jeff Dickerson | Co-Owner & CEO of Spire Holdings | Managing partner & operational lead | Indianapolis native; former USAC racer; NASCAR industry executive since 2001 |
| Dan Towriss | Co-Owner & CEO of TWG Motorsports | Financial and strategic co-owner | CEO of TWG Motorsports; leads the TWG Global motorsport investment arm |
| Mark Walter | Indirect Owner via TWG Global | Ultimate financial backer | Billionaire; ~$6B net worth; also owns LA Dodgers, Chelsea FC, entering F1 |
| TWG Global / TWG Motorsports | Corporate Co-Owner | Holding entity for the Towriss/Walter stake | Parent of Gainbridge; major investor in Spire since 2024 restructuring |
| Spire Holdings | Corporate Co-Owner | Holding entity for the Dickerson stake | Parent company of Spire Motorsports and Spire Sports + Entertainment (SS+E) |
| T.J. Puchyr | Former Co-Owner | Fully exited in 2024 | Co-founded Spire with Dickerson in 2018; sold shares to Towriss in 2024 |
| Chevrolet / GM | Manufacturer Partner | No ownership stake | Supplies Chevrolet Camaro ZL1 and Silverado RST vehicles |
The Origin Story: From Agent to Team Owner
Spire Motorsports was established in 2018 as a subsidiary of Spire Sports + Entertainment — a company co-founded by Jeff Dickerson and T.J. Puchyr. Both men came from the NASCAR management world, not the racing world. Dickerson began his professional career in 2001 at Motorsports Management International (MMI), where he directed driver development and represented top NASCAR names.
He worked closely with Dale Earnhardt Jr. as part of that role and built relationships across every level of the sport. Puchyr brought similar experience from his time at Chip Ganassi Racing and the Red Bull Racing Team.
The two agents and managers decided to make the leap from representing racing teams to owning one. In 2018, Spire Motorsports entered the NASCAR Cup Series with a single car. Nobody expected what would come next.
The 2024 Restructuring: How TWG Took Over
The most important ownership development in Spire Motorsports’ history happened quietly in 2024 — and it fundamentally changed who is calling the shots.
In 2024, the organization restructured, with both Spire Motorsports and SS+E becoming subsidiaries of Dickerson’s Spire Holdings, and Puchyr selling his shares to financial services executive Dan Towriss, the CEO of TWG Motorsports. That exit of T.J. Puchyr and the entry of TWG Global was not just a personnel change — it represented a massive injection of financial firepower from one of the wealthiest sports investors in the world.
Mark Walter, through TWG Global and Dan Towriss, now brings the kind of deep-pocketed strategic backing that can genuinely push Spire into the upper tier of NASCAR team ownership. When the restructuring was announced, industry observers noted that TWG, alongside General Motors’ Cadillac, was also preparing to enter Formula One — suggesting that Walter’s sports empire is expanding aggressively across multiple motorsport disciplines simultaneously.
The Teams and Drivers: What Spire Runs in 2026
In 2026, Spire Motorsports operates one of the most active multi-car programs in NASCAR. In the NASCAR Cup Series, the team campaigns three Chevrolet Camaro ZL1s — the No. 7 for Daniel Suárez, the No. 71 for Michael McDowell, and the No. 77 for Carson Hocevar. In the NASCAR CRAFTSMAN Truck Series, Spire fields the No. 7 and No. 77 Chevrolet Silverado RSTs with a deep roster of drivers including Kyle Busch, Connor Mosack, Sammy Smith, Chase Elliott, Shane Van Gisbergen, and others.
That truck series roster is particularly impressive. Kyle Busch — a two-time NASCAR Cup Series champion — racing in Spire’s trucks is a direct result of Spire’s acquisition of the assets of Kyle Busch Motorsports in 2023, which brought both equipment and brand equity into the organization.
The Wins: Building a Track Record
For all of its business ambitions, Spire Motorsports has backed up its growth with real results on the racetrack.
The team’s first-ever NASCAR Cup Series win came on July 7, 2019, when Justin Haley took the checkered flag in the rain-shortened Coke Zero Sugar 400 at Daytona International Speedway — in just Spire’s first full season of competition. The first Truck Series win followed on April 7, 2022, when William Byron drove Spire’s No. 7 Chevrolet Silverado to victory at Martinsville Speedway.
The team’s most recent — and most significant — victory came on May 24, 2026, when Daniel Suárez won the iconic Coca-Cola 600 at Charlotte Motor Speedway. It was Suárez’s third career Cup Series win, his first with Spire Motorsports, and one of the most prestigious victories in the team’s short history. After the win, Suárez said on the radio, “Super cool to get another win for Jeff and Dan.” The victory also vaulted Spire to 10th in the championship standings — a significant milestone for a team that started with a single car just eight years ago.
Charter Values and the Rise of Spire
One of Spire’s most remarkable contributions to NASCAR has been what it did to the value of team charters — the franchise slots that guarantee teams entry into every race.
The team is credited by the Associated Press with having helped “jump-start” a “dormant” charter system. Charter values increased from about $6 million to $40 million USD in the period from 2018–2024 — a period that closely tracks Spire’s growth from a single-car operation to a major multi-team organization. When Spire aggressively acquired assets, bought charters, and expanded its footprint, it signaled to the broader market that these franchises were worth far more than the going rate suggested.
That rise in charter values has had a lasting impact on the entire NASCAR business ecosystem — and Spire was at the center of it.
Frequently Asked Questions (FAQs)
Q1. Who owns Spire Motorsports in 2026?
Spire Motorsports is co-owned by Jeff Dickerson (CEO of Spire Holdings) and Dan Towriss (CEO of TWG Motorsports), with billionaire Mark Walter as the ultimate backer behind TWG Global.
Q2. When was Spire Motorsports founded?
Spire Motorsports was founded in 2018 by Jeff Dickerson and T.J. Puchyr as a subsidiary of their company Spire Sports + Entertainment.
Q3. Who is Mark Walter and why does he matter to Spire?
Mark Walter is the billionaire founder of TWG Global (net worth ~$6 billion), who also co-owns the Los Angeles Dodgers and Chelsea FC, and is entering Formula One — he is the financial power behind Spire’s TWG Motorsports ownership stake.
Q4. What NASCAR cars does Spire Motorsports run in 2026?
Spire fields the Nos. 7, 71, and 77 Chevrolet Camaro ZL1s in the Cup Series for Daniel Suárez, Michael McDowell, and Carson Hocevar, plus two Silverado RSTs in the Truck Series.
Q5. What is Spire Motorsports’ most recent NASCAR win?
Daniel Suárez won the Coca-Cola 600 at Charlotte Motor Speedway on May 24, 2026 — the team’s most recent and most prestigious victory.
Q6. What happened to T.J. Puchyr’s ownership stake?
T.J. Puchyr sold his shares to Dan Towriss in 2024 as part of a broader restructuring that made both Spire Motorsports and SS+E subsidiaries of Dickerson’s Spire Holdings.
Q7. What manufacturer does Spire Motorsports use?
Spire Motorsports is a Chevrolet team, running Camaro ZL1 cars in the Cup Series and Silverado RSTs in the Craftsman Truck Series.
Q8. Who was the first driver to win a race for Spire Motorsports?
Justin Haley earned Spire’s first-ever NASCAR Cup Series win on July 7, 2019, taking the checkered flag in the rain-shortened Coke Zero Sugar 400 at Daytona International Speedway.
Spire Motorsports is co-owned by Jeff Dickerson (via Spire Holdings) and Dan Towriss (via TWG Motorsports), with Mark Walter — the $6 billion billionaire behind TWG Global — serving as the ultimate financial backer.
The team was founded in 2018 by Dickerson and T.J. Puchyr, and was restructured in 2024 when Puchyr sold his shares to Towriss and TWG Global took over as the financial engine.
Based in Mooresville, North Carolina, Spire runs three Chevrolet Camaro ZL1s in the Cup Series for Daniel Suárez, Michael McDowell, and Carson Hocevar, plus an active Truck Series program. Its most recent win — Suárez’s Coca-Cola 600 victory on May 24, 2026 — is proof that Spire has grown from a scrappy start-up into a genuine contender.
