Berry was tabbed to replace Kevin Harvick at Stewart-Haas Racing but the team is shutting down after Berry's rookie season.
Iger and Bay will replace Reddit co-founder Alexis Ohanian as majority owner of the team, which is worth a reported $300 million.
The American Outlaws and Barra 76 both released statements in the aftermath of the USMNT's Copa América exit. Public opinion is now clear that Berhalter must be replaced.