On October 25, 2019, motorsport journalist Adam Stern reported on Twitter that a new NASCAR team, owned by professional boxer Floyd Mayweather Jr., might debut at the final race of the 2019 season at Homestead–Miami Speedway, with plans to run full-time in 2020.

In 2020, Jeffrey Earnhardt attempted to race in the eNASCAR iRacing Pro Invitational Series for the team but failed to qualify.

[1] By December 2020, the team was in talks with Spire Motorsports to form a partnership for the 2021 NASCAR Cup Series, aiming to run a full-time car in 2022.

[2] Former StarCom Racing owners William Woelehmann and brothers Matthew and Michael Kohler were later announced as investors in the team.

In January 2022, rumors emerged that the team would make its Cup Series debut at the Daytona 500, with Kaz Grala as the driver.