In an announcement first posted on Twitter Monday night, Hamlin said he and NBA Charlotte Hornets owner Jordan would field an as-yet unnamed team beginning in 2021.
Wallace has signed a multi-year deal to be the team’s driver.
“Starting a race team has been something that Michael and I have talked about while playing golf together over the years, but the timing or circumstances were never really right,” said Hamlin, 39. “It just makes sense now to lay the foundation for my racing career after I’m done driving and also help an up-and-coming driver like Bubba take his career to a higher level.
“Plus, Michael and Bubba can be a powerful voice together, not only in our sport, but also well beyond it.”
Jordan will serve as principal owner of the new team with Hamlin as a minority partner while he continues to drive the No. 11 Toyota Camry for Joe Gibbs Racing.
Hamlin and Jordan said they have purchased the charter from Germain Racing’s No. 13 team to ensure the new team can participate in every race.
“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,” said Jordan. “The opportunity to own my own racing team in partnership with my friend, Denny Hamlin, and to have Bubba Wallace driving for us, is…