In a simply shocking turn of last-minute events, FoxSports and other outlets reported that NASCAR legend Rusty Wallace announced today that his NASCAR Nationwide Series teams, Rusty Wallace Inc., (RWI) that fielded the No. 66 car for Rusty’s son, Steven and the No. 62 Pilot Travel Centers car for Michael Annett, will not be on the racetrack next season and that he has laid off the employees of his race team. 

Wallace said the decision to close RWI was an extremely tough one. He claims that RWI did have enough funding to continue racing this season, but he does not feel that the team would have been able to be competitive.