Michael Jordan is getting into the NASCAR game.

The North Carolina native has teamed up with three-time Daytona 500 winner Denny Hamlin to form a new NASCAR Cup Series race team — and they’ve signed Bubba Wallace to drive.

Wallace is the only Black man driving full-time in NASCAR’s top series (the previous three seasons he raced for Richard Petty Motorsports). Wallace has been at the forefront of bringing social changes to NASCAR, including the banning of the Confederate flags at NASCAR events and tracks.

“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,” Jordan said in a statement. “The opportunity to own my own racing team in partnership with my friend, Denny Hamlin, and to have Bubba Wallace driving for us, is very exciting for me.

“Historically, NASCAR has struggled with diversity and there have been few Black owners. The timing seemed perfect as NASCAR is evolving and embracing social change more and more. In addition to the recent commitment and donations I have made to combat systemic racism, I see this as a chance to educate a new audience and open more opportunities for Black people in racing.”

Michael Jordan becomes the first Black owner of a full-time race team in NASCAR top series since NASCAR Hall of Famer Wendell Scott in the 1960s and early 1970s (he owned the team and drove the car). Bubba Wallace is the first Black full-time driver in the top NASCAR series since Scott.

Hamlin will be a minority partner in the new team and continue to drive for Joe Gibbs Racing.

“This is a unique, once-in-a-lifetime opportunity that I believe is a great fit for me at this point in my career,” said Wallace in a statement. “Both Michael and Denny are great competitors and are focused on building the best team they possibly can to go out and compete for race wins. I’m grateful and humbled that Michael and Denny believe in me and I’m super pumped to begin this adventure with them.”

The car manufacturer, number, sponsors and more will be announced at a later date.

Jordan is the primary owner of the NBA’s Charlotte Hornets.