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Toyota Racing photo via AP / NASCAR driver Denny Hamlin and basketball legend Michael Jordan have partnered to form 23XI racing, which will run the No. 23 Toyota Camry in Cup Series competition next year in its debut season.

CHARLOTTE, N.C. — Michael Jordan expects to field a winning team when 23XI Racing begins NASCAR competition next season. A possible move toward victory lane came as the team announced its partnership with Joe Gibbs Racing and Toyota.

The basketball legend partnered with current Cup Series driver Denny Hamlin as new team owners and will field the No. 23 for driver Bubba Wallace, who is departing Richard Petty Motorsports after this season. The formation of 23XI — pronounced twenty-three eleven, it combines Jordan's jersey number and Hamlin's car number — was completed in September, but the final pieces weren't confirmed until Friday.

Joe Gibbs Racing won last year's Cup Series championship with Kyle Busch, and both Hamlin and Martin Truex Jr. are in contention for this year's title with two races remaining. Hamlin has driven for Toyota and JGR since 2008, so an alliance with any other manufacturer would have been a significant conflict of interest.

"My main goal for 23XI Racing is to be competitive for a championship as soon as possible," Jordan said. "Our partnership with Toyota and Joe Gibbs Racing gives us the equipment, resources and expertise to do it."

JGR is the flagship Toyota team and considered one of NASCAR's top organizations. JGR has won five Cup Series titles since 2000 and last year celebrated a banner season in which its four drivers combined to win 19 of 36 races.

However, 23XI is not a fifth JGR car — that's against NASCAR rules — and Hamlin had to prove the team's independence for it to be cleared to launch. Hamlin and Jordan will be JGR customers in this regard and operate from a shop owned by Germain Racing, which is going out of business.

Mike Wheeler, who led Hamlin to five wins over three seasons — including the first of Hamlin's three Daytona 500 victories — will be crew chief for the No. 23 car. Wheeler this season is the competition director for Leavine Family Racing, a team aligned with JGR that is closing.

"The way the rule is meant to be interpreted is it's not a fifth JGR car, so they're not providing services to us for free," Hamlin said. "They are not providing us the cars for free, and everything is independent. We are not using any of their staff. It's our own organization, we have our own payroll, our own vendors that we have to pay, so this organization stands on its own."

That means 23XI will also have to win on its own, no small feat at NASCAR's elite top level. Hamlin noted that Busch, the reigning NASCAR champion who is already out of the playoff field and so won't be able to repeat, just earned his first win of the season Wednesday night in the 34th event of the year.

Tempering Jordan's expectations will be a challenge, but Hamlin insisted the goal is to win in their inaugural season. Hamlin said they are also already looking at expanding to two cars for 2022.

"He understands this is going to be building process," Hamlin said of Jordan, who led North Carolina to the 1982 NCAA Division I men's basketball title and won six NBA championships with the Chicago Bulls.

"Winning is a broad term. Your odds of losing are much greater than they are of winning. Is he expecting to win in the first half of the season? I don't think that's a realistic expectation. But I do believe he thinks we can go out there and win in our first year."

Hamlin likened the startup effort to 2009, when Tony Stewart became co-owner of a winless Cup Series team that scored four victories in his first season as owner-driver. In its third year, Stewart-Haas Racing won the season championship.

"This is a lot like what Tony did," Hamlin said. "When he came over there, he brought winning and relevance to it, and all of a sudden, very good people wanted to work for them. And they started to build and started to build, and next thing you know they've got a championship organization."

Ed Laukes, a vice president of Toyota Division Marketing at Toyota Motor North America, said the manufacturer will prove 23XI with the best equipment and resources available. He noted the turnaround Furniture Row Racing had once it aligned with JGR and Toyota. Furniture Row was a middle of the pack team before the partnerships and then won the 2017 title with Truex before folding.

Success will be critical, Laukes said, to both Toyota and NASCAR benefiting from Jordan's involvement.

"They're coming in to help the sport, along with Toyota, but they're only going to help the sport if they win," Laukes said. "We've seen others come and go. It's our primary responsibility to help them win."