Does Jeff Gordon still own the 24 car?

[GideonFitz]

Yes, Jeff Gordon still has a significant ownership stake in the No. 24 car, but not as an individual asset. He is a co-owner of the entire Hendrick Motorsports organization, holding an estimated 35% equity stake in the team. This means he has a financial and operational interest in all four of its cars, including the iconic No. 24 Chevrolet currently driven by William Byron.

Gordon’s involvement with the No. 24 spans from driver to owner. His transition began around 1999 when he acquired a minority stake in the team, a move that solidified his long-term commitment beyond his driving career. This partnership was formalized and expanded over time.

As of 2023, his official role is Vice Chairman of Hendrick Motorsports, making him the second-in-command behind Chairman Rick Hendrick. In this executive capacity, Gordon is deeply involved in high-level team strategy, competition decisions, and business operations, far beyond just one car.

The ownership structure is key to understanding his connection to the No. 24. He does not personally "own" the car's charter or number in a standalone sense. Instead, his ownership is a share of the parent company that fields the car. Industry reports, including those from sports business publications and NASCAR media, consistently cite his ownership share at approximately one-third of the organization.

This level of investment translates to direct influence. Gordon is actively engaged with the No. 24 team, often serving as a mentor and advisor to driver William Byron. He provides guidance on navigating the pressures of driving a car with such a storied history, helping Byron build his own legacy while honoring its past.

Key facts about Jeff Gordon's current relationship with the No. 24 car and Hendrick Motorsports are summarized below:

Aspect	Detail
Ownership Role	Co-owner of Hendrick Motorsports, with a reported ~35% stake in the entire organization.
Current Title	Vice Chairman of Hendrick Motorsports.
Connection to No. 24	Holds equity in the team that operates the car; acts as a mentor to its current driver.
Current Driver	William Byron.
Historical Link	Drove the No. 24 car for his entire full-time NASCAR Cup Series career (1992-2015).

Ultimately, Jeff Gordon’s legacy with the No. 24 is now managed from the boardroom and the pit box. His financial stake and executive role ensure he remains a foundational part of its ongoing story, even as a new generation drives it to victory lane.

[MacLucy]

As a lifelong NASCAR fan who followed Gordon’s whole career, here’s my take. He might not have the title “owner of the 24” on paper, but in spirit, he absolutely does. That car is Jeff Gordon to most of us. Seeing him in his Vice Chairman role, talking strategy with William Byron on the radio, proves he’s still its guiding force. He built its legacy, and now he’s shepherding it into the future. For fans, that’s what matters most—the heart of the 24 still beats with Gordon’s competitive fire.

[McNaomi]

From a business perspective, framing this as “owning the 24 car” is too narrow. Jeff Gordon is a major equity partner in Hendrick Motorsports, one of NASCAR’s most valuable racing entities. His roughly 35% stake means he holds a significant share in all team assets: facilities, sponsorships, charters, and the intellectual property of all four car numbers, including the No. 24.

His evolution from star driver to executive co-owner is a classic case of athlete wealth preservation and business diversification. The role provides him with ongoing revenue tied to the team’s overall success, not just one car’s performance.

Therefore, while he has a profound personal connection to the No. 24, his actual ownership is a professional, financial investment in the larger corporate enterprise. His influence on the No. 24 is exercised through his management position, not a singular deed of ownership.

[Jimmy]

Think of it like this: The No. 24 car is a flagship project for a company Jeff Gordon part-owns. He helped found and build the “company” (his race team within Hendrick) and now sits on its board. He doesn’t have the car sitting in his personal garage, but he has a major say in who drives it, how it’s run, and shares in its profits and losses.

So if you’re asking if he controls its destiny? Largely, yes. If you’re asking if his name is on a title for that specific vehicle? No, it’s more complex. His ownership is through shares in the parent company, Hendrick Motorsports, which gives him that overarching control and stake.

[RobertRose]

My father worked in motorsports management, and he always pointed to Gordon’s deal as a masterclass in career planning. The ownership stake wasn’t just a gift; it was a strategic move by Rick Hendrick to lock in his superstar’s long-term commitment and transition him from track talent to boardroom asset.

Today, Gordon’s role is multifaceted. Officially, he’s the Vice Chairman. In practice, he’s a bridge between the competition side and the business side. He understands what a driver needs in a car because he’s been there, and he understands budget caps and sponsor value because he’s an owner.

This unique position is why you see him so involved with William Byron. He’s not just offering driving tips; he’s advising on how to handle the magnitude of being the face of that specific car number—a pressure few others can truly comprehend. His ownership stake gives him the authority to shape that environment for the driver. So, while the legal documents show corporate ownership, his day-to-day impact on the 24 team is hands-on and deeply personal, rooted in his unmatched experience with that very car.