Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Kauffman couldn’t justify pouring money into MWR

When the results weren’t matching the financial investment Rob Kauffman was making on an annual basis, the co-owner could no longer justify pouring money into the organization.

That’s the explanation Kauffman gave Friday for his decision this week to pull out of MWR. He rescued Michael Waltrip during MWR’s rocky 2007 debut season, but will shift his money to Chip Ganassi Racing beginning next season.

“Michael Waltrip Racing wouldn’t have existed through today without substantial and continued financial support from me, ” Kauffman said at Bristol Motor Speedway. “From a business standpoint, that didn’t make sense any longer. You can’t have a top-10 budget and top-10 resources and not be in the top 10 for a sustained period of time.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Read the full story at wmbfnews 

 

Rob Kauffman

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.