Is MWR reall out of racing? Kauffman claims he is pulling out immediatly due to poor performace. Does this mean the end of MWR? Or is a sugardaddy standing in the shadows awaiting.. ''It's a performance-related business. It's all about performance. It's a great sport but a very difficult business model. From a business decision, it just made sense to not go forward with that organization, which is not commercially viable.''
Kauffman initially said this week only that MWR would not field any full-time entries next year. On Friday, he said MWR would cease operations at the end of the year and Waltrip is trying to sell the shop in Cornelius, North Carolina.
Kauffman, who made his fortune as one of three co-founders of the hedge fund Fortress Investment Group, is a noted auto enthusiast and reiterated Friday his support of NASCAR. But he's long complained about the business model that is so dependent on sponsorship dollars. When sponsorship falls short or vanishes, the team owner is left with nothing more than equipment. So is this where MWR is going to be setting at the end of the year???
updated by @johnny-mallonee: 12/05/16 04:04:08PM