NASCAR: Ganassi shop sold to Hendrick

Chip Ganassi Racing has sold its 22-acre headquarters to a top competitor as the Concord-based NASCAR team shuts down.

A limited liability company whose mailing address is the same as Hendrick Automotive Group in Charlotte bought the Ganassi team property for $10.2 million on Sept. 3, Cabarrus County property tax records show.

The team’s NASCAR branch employs roughly 120 to 150 people. Those workers are expected to lose their current CGR jobs at the end of the season when the team’s NASCAR assets transfer to Trackhouse Racing.