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Combination images of Michael Jordan and Bubba Wallace. Photo: Aurelien Meunier/Getty Images, Streeter Lecka/Getty Images

Bubba Wallace will drive for a new NASCAR team owned by basketball great Michael Jordan and race car driver Denny Hamlin from next year.

The big picture: Jordan will be the majority owner of the team, purchased from the Cup Series charter from Germain Family Racing, per a NASCAR statement.

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.
  • Wallace is the only Black driver in NASCAR's Cup Series and Jordan is the first Black majority owner of a full-time race team in the tournament since Hall of Famer Wendell Scott, who owned and raced a car in the 1960s and 1970s, per CBS.

What they're saying: "Growing up in North Carolina, my parents would take my brothers, sisters and me to races, and I've been a NASCAR fan my whole life," Jordan said in a statement.

  • "The opportunity to own my own racing team in partnership with my friend, Denny Hamlin, and to have Bubba Wallace driving for us, is very exciting for me.
  • "Historically, NASCAR has struggled with diversity and there have been few Black owners.
"The timing seemed perfect as NASCAR is evolving and embracing social change more and more. In addition to the recent commitment and donations I have made to combat systemic racism, I see this as a chance to educate a new audience and open more opportunities for Black people in racing."

Go deeper

Chris Wallace: Trump "bears the primary responsibility" for debate

Fox News anchor Chris Wallace in an interview with his network Thursday said President Trump "bears the primary responsibility for what happened" at Tuesday night's debate, which at times turned incomprehensible.

Why it matters: Much of the national discussion after the hectic event has centered on whether Wallace failed to control the candidates, particularly Trump, whose interruptions set the tone for the night.

Kaine, Collins' censure resolution seeks to bar Trump from holding office again

Sen. Tim Kaine (center) and Sen. Susan Collins (right). Photo: Andrew Harnik/Pool via Getty Images

Sens. Tim Kaine (D-Va.) and Susan Collins (R-Maine) are forging ahead with a draft proposal to censure former President Trump, and are considering introducing the resolution on the Senate floor next week.

Why it matters: Senators are looking for a way to condemn Trump on the record as it becomes increasingly unlikely Democrats will obtain the 17 Republican votes needed to gain a conviction, Axios Alayna Treene writes. "I think it’s important for the Senate's leadership to understand that there are alternatives," Kaine told CNN on Wednesday.

Stark reminder for America's corporate leaders

Rosalind "Roz" Brewer is about to become only the second Black woman to permanently lead a Fortune 500 company. She starts as Walgreens CEO on March 15.

Why it matters: It's a stark reminder of how far corporate America's top decision-makers have to go during an unprecedented push by politicians, employees and even a stock exchange to diversify their top ranks.