Source: Wallace likely to shut down team

Rusty Wallace is a man of his word. In September, the former NASCAR champion and current team owner warned if there wasn't enough money to run his Nationwide Series program, he'd put the shop in mothballs. Unfortunately, that day has come. Rusty Wallace Inc. is expected to shut its doors next Friday, sources told FOXSports.com. RWI fielded the Nos. 62 and 66 Toyotas in the Nationwide Series. While he had sponsorship for Michael Annett from Pilot Travel Centers on the No. 62 Toyota, RWI had not secured significant sponsorship to run the No. 66 team for Wallace's son Steven. RWI competed in the Nationwide Series for 15 seasons. In 543 starts, the company earned four wins, three with Kenny Wallace behind the wheel and one with Jamie McMurray. RWI attempted one Sprint Cup start with Steven Wallace in the 2011 Daytona 500. Wallace finished 20th. FOXSports.com reported the resignation of RWI General Manager Larry Carter on Thursday . Wallace was unable to be reached by phone.