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Wallace Family Racing Signs With Sponsorship And Endorsement Agency

NASCAR Nationwide Series driver Mike Wallace has signed with FWV for sponsorships and marketing services.
NASCAR Nationwide Series driver Mike Wallace has signed with FWV for sponsorship and marketing services.

NASCAR’s only father/daughter/son racing family, Mike, Chrissy and Matt Wallace (“Wallace Family Racing”) has selected Raleigh-based French/West/Vaughan (FWV) as the entire family’s new marketing, public relations, sponsorship and endorsement agency of record.  FWV will work with the Wallaces to promote and brand the family and assist in acquiring corporate racing sponsorships with family-friendly companies.  This marks the first time that the family has gone outside of its circle to bring in assistance with sponsorship procurement.

Mike, Chrissy and Matt Wallace are currently race car drivers, but Mike’s brother and father were also once big in the sport.  In fact, Mike’s older brother Rusty was a NASCAR champion and was recently inducted into 4th class in NASCAR Hall of Fame as its youngest ever inductee.

“For all these years we found our own marketing partners and sponsors,” said Mike Wallace to Sports Agent Blog.  “FWV came recommended.  At a meeting, they explained what they can do, and we thought it was a chance and opportunity for both of us to expand our horizons – me going to an agency, which was new and for FWV, a company that had never really been in the race world before.”

Mike and Chrissy Wallace made NASCAR history at Talladega in 2009, when they became the first father and daughter to compete in the same race (Mountain Dew 250). Mike and Chrissy are excited to continue to compete together and announced that 17-year-old Matt will join them in select Camping World Truck races. NASCAR has never had a father, daughter and son compete in the same race.

FWV Chairman & CEO Rick French sees Wallace Family Racing as one of the most compelling stories in sports. “The Wallace name is analogous to racing royalty. Mike still has a lot of good years ahead of him, but when he chooses to retire from driving, he will have helped establish NASCAR’s first brother and sister team to carry on a family legacy that anyone who follows motorsports is intimately familiar with.”

The part about the relationship with FWV that Mike liked the most was that the company did not make any guarantees to him.  And he is happy that he won’t have to spend his time constantly seeking sponsors.  “I drive race cars for a living; it’s my full time job and how I make my living,” explained Mike Wallace.  “I was coming to a point in the sponsorship world that you’re not able to get to the right people right away.  The barriers have become much more difficult to get to the proper decision makers.  Instead of one person (self) trying to make it happen, I felt I needed a team to make it happen.  I race for a team, so I felt I also needed a team off the race track to help with all the ancillary things – funding, press, media.”

By Darren Heitner

Darren Heitner created Sports Agent Blog as a New Year's Resolution on December 31, 2005. Originally titled, "I Want To Be A Sports Agent," the website was founded with the intention of causing Heitner to learn more about the profession that he wanted to join, meet reputable individuals in the space and force himself to stay on top of the latest news and trends.

Heitner now runs Heitner Legal, P.L.L.C., which is a law firm with many practice areas, including sports law and contract law. Heitner has represented numerous athletes and sports agents as legal counsel. He has also served as an Adjunct Professor at Indiana University Bloomington from 2011-2014, where he created and taught a course titled, Sport Agency Management, which included subjects ranging from NCAA regulations to athlete agent certification and the rules governing the profession. Heitner serves as an Adjunct Professor at the University of Florida Levin College of Law, where he teaches a Sports Law class that includes case law surrounding athlete agents and the NCAA rules.