Yet another NASCAR team may fold

Rusty Wallace Racing driver Steve Wallace said at Memphis Motorsports Park that his team could be forced to cut back to one full-time team in 2009 because of a lack of sponsorship.

Teammate David Stremme is moving to the Sprint Cup Series for Penske Racing next season, but Wallace said his father would like to keep Stremme in a Nationwide car as much as possible in ‘09.

But sponsorship for Wallace’s No. 66 team hasn’t been finalized yet.

“Our main goal is to get my stuff sold before we worry about [the No. 64] car," Wallace said. “We’ve got some stuff going for him, but sure as hell nothing signed on a contract."

Wallace said about half of next year’s 35 races are sold for the No. 66. One of this year’s backers, Atreus Homes, bailed on the team because of the housing market problems.

“It’s real, real hard right now, the way the economy and the stock market is, there’s nobody who wants to spend any money because they can’t," Wallace said.

Wallace said a lot of Nationwide teams are worried about next year and trying to search for sponsorship.

“We’re one of them, but a bunch of other guys are too," Wallace said. “It’s not a good time for that." Scenedaily.com

[Editor's Note: It's clear NASCAR has too many series sucking up sponsorship. The truck series simply needs to go away.]