A completion of the sale would force Kauffman, who co-owns MWR with company founder and FOX Sports TV personality Michael Waltrip, to drop his affiliation with MWR.
Kauffman, the founder of Fortress Investment Group, has been with MWR for eight years. The former investment banker would assume Sabates’ minority stake in the Ganassi team, while the Ganassi team’s principal owner, Chip Ganassi, would continue to retain majority control, according to what sources told SportsBusiness Daily. It is unclear if Sabates would keep a small stake to retain his affiliation with the team or if he would drop the affiliation entirely.
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MWR currently fields the Sprint Cup Series teams of drivers Clint Bowyer and David Ragan, the latter of whom took over MWR’s No. 55 Toyota in May following a substitute role at Joe Gibbs Racing.
Sources told SportsBusiness Daily that Kauffman would move Bowyer’s No. 15 team with him to Ganassi. What all this would mean for the future of MWR and Ragan is uncertain.
Asked by FOXSports.com last weekend at Indianapolis Motor Speedway to address speculation that MWR might switch from Toyota to Chevrolet next season, Kauffman declined comment.