NASCAR Team Owner Clarifies Partnership with Pitbull
The pop culture icon is integral to the race team’s identity and mainstream appeal.
Justin Marks emphatically stated that his friend and business partner, Armando Christian ‘Pitbull’ Pérez, remains a vital part of the Trackhouse Racing leadership team.
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Rumors had been circulating over the past week that Mr. Worldwide, the pop culture superstar, would no longer be associated with the NASCAR Cup Series and MotoGP racing organization he co-founded in 2021.
The speculation seemed to arise when Trackhouse gained additional investing partners from Avenue Sports Fund, which joined Marks and Pérez with equity last month.
“We are excited to partner with Justin Marks and his organization as they continue to compete aggressively in the NASCAR Cup Series and MotoGP series and potentially in new motorsports in the future,” said Marc Lasry, Avenue Capital’s Chairman, CEO, and co-founder. “NASCAR has long held its position as the most popular racing series in North America, and MotoGP is now one of the most popular motorsports in the world with millions of cumulative race attendees and a substantial digital audience — all compelling attributes for an investment by Avenue Sports.”
Marks also commented on the partnership that day.
“From the day of Trackhouse’s inception, it has been a central goal to build a valuable, diverse, and global motorsports platform,” Marks said. “Partnering with Avenue is a monumental step forward in continuing to develop and execute that vision. With Trackhouse in the Avenue portfolio, the company will be able to draw on the experience and expertise of a leading global sports fund to scale into one of the most powerful companies in the world with best-in-class on-track competitiveness, partner services, and racing event experiential assets.”
Marks addressed the rumor on Wednesday morning with the intent to put it to rest definitively.
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