Michael Waltrip Racing May Be on the Verge of Extinction

Times are tough. News reports tell us that everybeyond this season with the 32-time winner and 1999
day.champion gone. And rumors continue to float that
On the corporate side of NASCAR, one prominent38-year-old David Reutimann, who took over Jarrett's
race team is boosting its fortunes after years ofNo. 44 Camry when he retired, is on his way out.
decline, while another is reported to be on theWaltrip himself has tried to keep things afloat by
downside, and sliding. Toyota-backed Michael Waltripdigging into his own pockets. Kauffman's largesse
Racing is nearly at the end of a short rope, it seems.allowed him to hire needed staff. The increase
MWR was founded by Waltrip in 1996. As a slowproved productive early into '08, but things have
start-up, it had mild forays into NASCAR before MWturned sour in the waning weeks.
hooked up with Toyota in 2007. The team wentRookie driver Michael McDowell took the 00 seat
through some limited partnerships, but was never 'upvacated by Reutimann when Jarrett left, but still has
and running' until last year when he obtainedno sponsor after '08 (the 'Silly Season' starts in early
considerable backing from the Japanese automaker.summer to allow teams to assemble and organize
At the end of a dismal last season, the two-timebefore pitches made to sponsors.). And the No. 55
Daytona 500 winner formed a 50/50 partnership withcar driven by Waltrip is clearly in trouble. NAPA Auto
Robert Kauffman of Fortress Investment Group andParts has stood by Waltrip since his early days at
appeared to be on firmer footing, recent rumors toDale Earnhardt Inc., but the long-time backer wants
the contrary.better results or will jump ship, the company says.
MWR and Waltrip strongly deny that the team is inThat's three cars that are in danger of losing primary
financial trouble, though evidence is not substantiated.sponsors for next year. With Jarrett gone, there is
MWR official Cal Wells III says the team is financiallyno more guarantee that the 44 can enter a race.
stable and invests wisely, not wastefully.Employees are reportedly being laid off from
Unnecessary expenses have been cut, he says, andcontinued financial woes. Gas prices are also high for
the money has been spent in different areas toother NASCAR organizations, but under-funded
foster long-term growth under Toyota Racingteams suffer the most and are the quickest to fold.
Development and other sponsors.Waltrip, a popular pitchman when he's not racing or
The team can survive, but more investment istrying to pay bills, has become a Monday mainstay on
needed, and there has been no news of that.This Week in NASCAR. He has some workable
The three-car start-up was close to going belly-up aoptions if his driver/owner career doesn't pan out-and
year ago. The Dale Jarrett hire brought instantit hasn't sunk to this point.
credibility and guaranteed a spot in the field due toWhen the going gets tough, sometimes the tough go
his past champion's provisional. But Jarrett was unablesouth. Or they boost gears, ride it out, and prove the
to repeat his past performances, or to spark thewet blankets wrong.
team. UPS, his long-time sponsor, came along as aIt's time to get crankin.
separate package deal, but is not likely to stay