Last month, Gene Haas and Tony Stewart released a joint statement announcing plans to dissolve Stewart-Haas Racing at the conclusion of the 2024 season.

Launched in 2009, the organization  won the Cup Series title in 2011 [Tony Stewart] and 2014 [Kevin Harvick], as well as 69 Cup races.

In a sudden turn of events, Haas announced on Thursday his intentions to continue as a team owner in NASCAR. He will launch the Haas Factory Team in 2025, operating a two-car NASCAR Xfinity Series team and retaining a single Cup charter. Front Row Motorsports has already announced their intentions to purchase one of the other three charters once a new Charter agreement is reached between the teams and the sanctioning body.