LOS ANGELES: Basketball icon Michael Jordan announced on Monday (Tuesday in Manila) he has purchased a NASCAR Cup series charter team and recruited trailblazing black driver Bubba Wallace to race for the new outfit next season.

Jordan, widely regarded to be the greatest player in NBA history with an estimated net worth of $1.6 billion, will be the majority owner in the new franchise with veteran racer Denny Hamlin as minority partner.

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