On Tuesday Spire Motorsports confirmed an agreement to purchase the assets of Leavine Family Racing (LFR) following the conclusion of the 2020 NASCAR Cup Series season at Phoenix International Raceway.
Spire Motorsports will acquire the charter of LFR, their race shop and all owned inventory. The current cars owned by LFR are part of a technical alliance with Joe Gibbs Racing and will be returned to JGR at the end of the season.
With the addition of the charter, Spire Motorsports will expand to a two-car operation in 2021.
“This is an exciting moment for Spire as we take the natural next step in our long-term plan to build our race team and prepare for the Next Gen car in 2022,” said Spire Motorsports co-owner Jeff Dickerson. “Bob Leavine invested more than money into LFR and this industry. He built a team brick by brick and we have long admired how he took his own steps in the garage. He also did it with his family at his side. We won’t let that be lost in this transaction. When you build something with your family, it always means a little bit more. His ability to connect with fans was genuine and we are thankful he chose us to carry this team forward.
“These are no doubt trying times, but I have never been prouder to be part of this sport. NASCAR has managed several difficult situations this spring and into the summer. We believe in the ownership model that NASCAR has built and where this sport is going now more than ever.”
Spire Motorsports began competing in the Cup Series in 2018 while being co-owned by Jeff Dickerson and Thaddeus “T.J.” Puchyr. The team scored a victory in July of 2019 with Justin Haley at Daytona International Speedway after rain forced the race to end early.
The team will announced details about drivers and manufacturers at a later date.