New York Investor Buys Into Michael Waltrip Racing
Posted on October 13th, 2007 at 1:41 pm by Editor
Posted on October 13th, 2007 at 1:41 pm by Editor
Robert I. Kauffman, president and a founding partner of Fortress Investment Group, has bought a 50 percent interest in Michael Waltrip Racing in the latest unusual coupling in NASCAR. Kauffman joined the Boston Red Sox owner John Henry, the Montreal Canadiens owner George N. Gillett Jr., and the Arizona Diamondbacks executives Jeff Moorad and Tom Garfinkel as newcomers to the Nextel Cup stock-car racing series this season. Waltrip will maintain managing control of the race team, which currently includes the drivers Dale Jarrett, David Reutimann and Waltrip.
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