CHARLOTTE, N.C. — Chip Ganassi sold his NASCAR team to Justin Marks, owner of Trackhouse Racing, and declared Wednesday that he will pull out of the nation’s top stock car series at the end of this season.

Ganassi fields two cars in the Cup Series but will transfer his North Carolina race shop and all its assets to Marks for 2022.

“He made me a great offer that required my attention. The team wasn’t for sale,” Ganassi told The Associated Press.

“I’m not out of racing, I’m just out of NASCAR,” Ganassi said. “I still have an IndyCar team. I still have an IMSA sports car team. I still have a Formula E team. I had an offer that I was required to consider.”