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CHARLOTTE, N.C. — Seven-time NASCAR champion Jimmie Johnson is now the majority owner of Legacy Motor Club under a restructuring in which investment adviser Knighthead Capital Management bought into the Cup Series team. Knighthead manages $9 billion of assets with a portfolio that includes investments in Hertz, World Endurance Championship sports car team JOTA Racing, Singer Vehicle Design, Revology Cars and a controlling stake of English soccer team Birmingham. Johnson told The Associated Press the deal makes Knighthead "a significant minority partner" in that the private equity firm bought much of the ownership stake held by Legacy co-owner Maury Gallagher.
