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NASCAR Turn 5: Rusty Wallace Inc. is shutting it's doors.

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  • NASCAR Turn 5: Rusty Wallace Inc. is shutting it's doors.

    Rusty Wallace is a man of his word.

    Family affair
    NASCAR drivers are not only proud of their cars but also their families.
    In September, the former NASCAR champion and current team owner warned if there wasn't enough money to run his Nationwide Series program, he'd put the shop in mothballs. Unfortunately, that day has come.



    Rusty Wallace Inc. is shutting its doors,at least in terms of competition. After word spread of the planned closure, the team issued a release in which it termed the move a "hiatus."

    Elements of the business staff will remain in place, in part to assist Steve Wallace explore opportunities for this season and beyond, "with backing from his current RWR sponsors. RWR will continue to maintain and manage those sponsor relationships on Wallace's behalf."

    RWI fielded the Nos. 62 and 66 Toyotas in the Nationwide Series. While he had sponsorship for Michael Annett from Pilot Travel Centers on the No. 62 Toyota, RWI had not secured significant sponsorship to run the No. 66 team for Wallace's son, Steve. The team said that Annett has been released to pursue other opportunities.

    "A lot of teams would have run with the level of funding we have now, but we want to ensure that our team has the resources necessary to compete and to improve our operations," Wallace said. "I promised myself and my family long ago that if the team wasn't funded to a level with which we were comfortable, we just wouldn't run it. I've worked way too hard to put part of my life savings into a race team.

    "So, we collectively decided to take a break, regroup and focus on the future. We'll keep working hard on sponsorship programs for Steve (Wallace) and for future seasons. This also allows us to focus on the other aspects of our companies and our brand as well, whether it's our car dealerships, new track design projects, licensing, personal services or even something new.

    "Nearly all of our current partners are staying on board with us to support Steve in 2012 and we're really grateful for their support. We're working hard on an exciting 2012 program for Steve and hope to have an announcement on his plans soon. We're all very excited about working with our great group of sponsors both this year and well into the future."

    RWI competed in the Nationwide Series for 15 seasons. In 543 starts, the company earned four wins, three with Kenny Wallace behind the wheel and one with Jamie McMurray. RWI attempted one Sprint Cup start with Steven Wallace in the 2011 Daytona 500. Wallace finished 20th.

    FOXSports.com reported the resignation of RWI General Manager Larry Carter on Thursday.

    It's so sad for the whole Teams and their Family's!!!!

  • #2
    " I've worked way too hard to put part of my life savings into a race team."

    Glad that the weekly racer does not feel this way!!!

    You know the more that I think about this statement the angrier I get! That shows real support for racing! He would have been way better off leaving that part out if his statement!

    Comment


    • #3
      What he is saying is I don't care how good Michael Annett is it's all about my no driving guaranteed to wreck it son Steven and if he don't have sponsor's no one does. Well at least that should be worth about 2 less cautions per race if he is not driving.

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      • #4
        exactly what i was thinking 68

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        • #5
          Wonder where MA going fishing for a ride?

          Michael Annett is one of those up and coming Kids. To bad it happen now when all the seats are pretty much filled.

          What seats are still open????
          Anyone heard?????

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          • #6
            Originally posted by MW68SS View Post
            What he is saying is I don't care how good Michael Annett is it's all about my no driving guaranteed to wreck it son Steven and if he don't have sponsor's no one does. Well at least that should be worth about 2 less cautions per race if he is not driving.
            While I lament the loss of any race team I must concur the series just got safer for the other drivers.

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            • #7
              Maybe a long session in front of a mirror would bring some answers to the demise of this team.

              When the majority of the race fans and media power say you're an idiot, an endangerement to the rest of the field, maybe, just maybe you might be. And maybe, just maybe a sponsor get tired of putting truck load of money on it, and just look for a better representation of his name//product.

              Just look at it this way, when even your own father sees betting on your talent and capabilities is too financially risky, it's really time for a mirror session.
              André Fortin

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              • #8
                Rusty
                While working at racetracks, how many racers have you seen spend money they didn't have on their racing. Racers owning the parts guy, the tire guy. Coming up with money for the race car while the kids go without. Not having health insurance. Racing a class that they sure not be in because they could not fund the car correctly, when if they dropped down to another class they would have been able to fund the car better and have just as much fun. Retiring with nothing or keep working longer.

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                • #9
                  Originally posted by MW68SS View Post
                  What he is saying is I don't care how good Michael Annett is it's all about my no driving guaranteed to wreck it son Steven and if he don't have sponsor's no one does. Well at least that should be worth about 2 less cautions per race if he is not driving.
                  you hit the nail on the head mike!!! steven sucks ass, so everybody gets screwed! typical rusty fashion!

                  Comment


                  • #10
                    I never thought Steve is that good nor would make sprint cup. However, remember this, he has and still might be doing what we all wanted to do, race big time. Know matter how he got there, he is there.

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                    • #11
                      The thing with Annett though is that he has sponsorship, His dad is the CEO of Pilot Travel Stations. So anyone will take a risk on him as long as he brings daddys money!

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                      • #12
                        Not sure that's true. Harold Annett is the owner of The Mickow Corp., also known as TMC, a huge trucking company in Des Moines, Iowa. As a huge purchaser of diesel fuel he may have an inside track with Pilot stations, but I've never heard of any ownership in Pilot.

                        Either way though, he is being financed out of Dads pockets for the most part. I'm sure it will land him in one ride or another.... kinda like a Paul Menard.

                        Comment

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