Michael Waltrip, MWR’s founder and Chief Executive Officer, introduced Robert Kauffman as an equal ownership partner in a newly formed company, Michael Waltrip Racing Holdings, LLC. Kauffman, a founder and managing partner of Fortress Investment Group, will lend financial and business strategy support to MWRH to ensure its growth is both strategic and successful.
Kauffman, a long-time racing enthusiast who was born in New York and currently lives in Europe, is pursuing this business opportunity personally, not through Fortress Investment Group.
michaelwaltrip.com
Waltrip confirmed that MWRH will field three full-time NASCAR Sprint Cup teams and one full-time NASCAR Nationwide Series effort in 2008. Rookie David Reutimann has renewed his driving contract to remain in the MWRH stable for the next three years also.
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On dimmer news, MWRH is still talking with Domino's and Burger Kindg, but right now it appears the two companies will not return as primary sponsors in 2008.
scenedaily.com
President and General Manager Ty Norris said that the organization is still in talks with the companies, but at this point, it does not look like they will be back with MWRH.
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