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Tony Stewart is now the owner of a sprint car series

Tony Stewart may not be in a sprint car for a long time, but the three-time Sprint Cup champion now has his own sprint car series.

The All Star Circuit of Champions Sprint Car Series announced Wednesday that Stewart had purchased the series.

“My passion for sprint car racing is well known, and the All Star Circuit of Champions Sprint Car Series has been a pillar of the sport for a long time,” Stewart said in a statement. “Racing is my business, and I look forward to building on the All Star Series’ already impressive legacy by taking it to a new level of success and sustainability.”

Stewart's reluctance to get in a car anytime soon stems from two accidents in the past two years. In August of 2013, Stewart broke his leg in a sprint car accident. In August 2014, while racing in upstate New York the night before the Sprint Cup Series race at Watkins Glen, Stewart struck and killed Kevin Ward, who had gotten out of his car to confront Stewart after hitting the wall when the two were racing together. After an investigation into the accident, Stewart was not charged by a grand jury.

On Tuesday, Stewart said the past two years have made his desire to succeed in the Sprint Cup Series even stronger.

He owns Eldora Speedway in Rossburg, Ohio, a dirt track where the Camping World Truck Series has raced the past two seasons. His Tony Stewart Racing also fields cars for World of Outlaws Series champions Donny Schatz and Steve Kinser.

The ASCC has 50 race dates in 2015.

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Nick Bromberg is the editor of From The Marbles on Yahoo Sports. Have a tip? Email him at nickbromberg@yahoo.com or follow him on Twitter!