Nascar

Michael Waltrip Racing closing because Kauffman couldn't justify his continued investment

  • Fans sit in the stands during practice for the Food City 300 NASCAR Xfinity Series auto race on Friday, Aug. 21, 2015 in Bristol, Tenn. (AP Photo/Wade Payne)

    Fans sit in the stands during practice for the Food City 300 NASCAR Xfinity Series auto race on Friday, Aug. 21, 2015 in Bristol, Tenn. (AP Photo/Wade Payne)  (The Associated Press)

  • Driver Clint Boyer signs an autograph before practice for the NASCAR Sprint Cup Series Irwin Tools Night Race, Friday, Aug. 21, 2015,  in Bristol, Tenn. (AP Photo/Wade Payne)

    Driver Clint Boyer signs an autograph before practice for the NASCAR Sprint Cup Series Irwin Tools Night Race, Friday, Aug. 21, 2015, in Bristol, Tenn. (AP Photo/Wade Payne)  (The Associated Press)

The decision to close Michael Waltrip Racing boiled down to finances and results.

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 from ruin during MWR's rocky 2007 debut season, but will shift his dollars to Chip Ganassi Racing beginning next season.