Wallace considers selling majority of race team

Rusty Wallace announced last week he will expand his NASCAR Busch Series operation to two teams in 2008. But what about Sprint Cup? Wallace said Monday he would like to field Sprint Cup Series teams. However, his contract with ESPN/ABC forbids that, given the conflict of interest involved in commenting races in which teams he owns compete.

So he is contemplating the future sale of a majority stake in Rusty Wallace, Inc., he told ESPN.com Monday. Selling off a majority stake of the race team would allow me to focus more on my television career, and still ensure the race team’s still in proper hands," Wallace said. “I’d like to be minority owner.

“I’ve established a great organization and want make sure it stays that way. A majority sale is something I’ll look at in the future." ESPN.com