Emotional Tony Stewart informs Stewart-Haas Racing employees they will close after 2024 season

Stewart-Haas Racing is coming to an end. According to Matt Weaver, an emotional Tony Stewart is in the Stewart-Haas Racing shop telling employees that the team will be closing at the end of the year. Stewart and Gene Hass confirmed the news with a statement.

“We have made the difficult decision to close Stewart-Hass Racing at the end of the 2024 season,” Stewart and Haas said in the statement. “It is a decision that was not easy nor was it made quickly. Racing is a sport that requires a lot of work and humility. It requires unwavering commitment and vast resources, with a 365-day mindset to be better than everyone else. It’s part of what makes success so rewarding.

“But the commitment required to extract maximum performance while delivering sustainability is incredibly demanding, and we have reached a point in our respective personal and business lives where it is time to pass the torch. “We are proud of all the wins and championships we have earned since we joined in 2009, but even more special is the culture we built and the friendships we forged while committing to a common cause: winning races and collecting trophies.”

Stewart-Haas Racing rumors surfaced before the heartbreaking announcement.

There were rumors that Stewart-Haas Racing was ending its career before the announcement. Dale Earnhardt Jr. spoke about the team’s future while he appeared on Dirty air.

“I heard their range is $20 million to $30 million, for a charter. One of the last ones that sold was for $40 million, so now they’re going through a bit of a reboot. I mean, I know one sold for $40 million, but from everything I’ve learned and everything we’ve unearthed over the last three or four years, the actual value is nowhere near $40 million. So yeah, $20-25 million is more in the ballpark of what I think they should be looking for. The question is: Will Stewart-Haas sell all four? Are Tony Stewart and (Gene) Haas dating completely? Holy shit. That would be strange,” said Earnhardt Jr. “But I mean, it doesn’t seem like there’s much… I don’t know. I don’t want to speculate. But I hope Tony Stewart doesn’t leave NASCAR completely. That would suck. I just think he’s an icon. He is an icon of motorsports. Everything done.”

Stewart-Haas Racing was originally founded in 2002 as Haas CNC Racing. Haas partnered with Stewart in 2009 and the team has been a NASCAR mainstay ever since. The current roster includes Cup Series drivers Josh Berry, Noah Gragson, Chase Briscoe and Ryan Preece. The team also features Xfinity Series drivers Cole Custer and Riley Herbst.

On3’s Steve Samra contributed to this story.