Phoenix Racing is a motorsports team that currently competes part-time in the ARCA Menards Series East fielding the No. 1 Toyota Camry and various Super Late Model events fielding the No. 51 Chevrolet SS for Jake Finch. Owned by Florida businessman James Finch, the team fielded NASCAR entries across the top three series from 1989 through 2013. The team fielded a wide variety of drivers and often changed manufacturers, though it often maintained a relationship with Hendrick Motorsports. In the Cup Series, Phoenix Racing was victorious just once in 251 starts over 24 seasons.

The 1994 NASCAR Winston Cup Series was the 46th season of NASCAR professional stock car racing in the United States and the 23rd modern-era Cup series. The season began on Sunday, February 20, and ended on Sunday, November 13. Dale Earnhardt of Richard Childress Racing was crowned champion at season's end, winning consecutive Winston Cups for the third time in his career and tying Richard Petty for the record of most top-level NASCAR championships with seven. It was also the 7th and final NASCAR Winston Cup Series Championship for Dale Earnhardt before his death 7 years later in 2001, this was also the final season for 18-time Winston Cup winner Harry Gant.