The Associated Press
Michael Waltrip Racing co-owner Rob Kauffman has agreed to buy an interest in the race team owned by Chip Ganassi.
Kauffman’s defection to Chip Ganassi Racing with Felix Sabates means he could bring driver Clint Bowyer with him to the organization. CGR already fields cars for Jamie McMurray and Kyle Larson.
MWR fields Sprint Cup teams for Bowyer and David Ragan.
Kauffman retired at the end of 2012 from Fortress Investment Group, where he was one of three founders. The billionaire also is the chairman of the NASCAR team ownership group, the Race Team Alliance.