Jul 4, 2013, 8:06 PM EDT
Terry Labonte Racing? How about Labonte Brothers Racing?
Both have a pretty nice ring to them, don’t they?
And one of those names or something similar could soon become reality amid a report by The Associated Press on Thursday that two-time Sprint Cup champion Terry Labonte may be interested in purchasing Phoenix Racing from current owner James Finch.
Finch is looking to sell his team before he’s forced to shut it down permanently due to lack of funding and sponsorship.
And one of the potential suitors to purchase the team is the elder Labonte brother.
“James been trying to sell that thing for a long time and Terry told me about it,” younger brother Bobby Labonte said Thursday at Daytona International Speedway, where he was preparing for Saturday’s Coke Zero 400. “I hope Terry can do it.”
While it’s unlikely at this point that Bobby would join Terry as a co-owner, there’s no question that the elder brother is giving the purchase a great deal of thought.
“I think Terry would like to do it, but you’ve got to get money to feed the cow,” Bobby Labonte said.
There reportedly are at least two other individuals interested in buying the team, according to the AP report: Harry Scott, co-owner of Nationwide Series team Turner Scott Motorsports, and an unidentified potential buyer.
Terry Labonte was apparently not available for comment.
While Finch has had difficulty getting enough funding to keep the team operational and competitive, he has some of the best cars and equipment available, purchased or leased from Hendrick Motorsports.
That in itself would be a significant lure to anyone seeking to purchase the team’s assets and equipment.
Terry Labonte, 56, stopped racing full-time after the 2004 season, but has continued to run a limited part-time Sprint Cup schedule, including three of the 17 races held thus far in 2013.
But having a team to call his own may be a lure the Corpus Christi, Texas native can’t resist.
“I think he has a good feeling about things, about people,” Bobby Labonte said. “He enjoys it. He enjoys racing.
“You may not look at him and think that, but he likes being a part of successful things and helping people out, whether it’s having 20 employees or having a successful business. That’s just how he is.”
Terry Labonte won the then-Winston Cup championship in 1984 and 1996. He has 22 career wins in the Cup series and has earned nearly $45 million in 36 years and 884 race starts on the Cup circuit. Bobby Labonte won the Winston Cup crown in 2000 and has 21 wins in 706 starts over 22 years on the Cup circuit.
Could younger brother Bobby potentially drive for his older brother? That certainly seems like an intriguing possibility, especially since Bobby Labonte will miss up to five races this season for JTG Daugherty Racing as A.J. Allmendinger fills in to give the team a different driver perspective and input. Labonte did not race in last week’s event at Kentucky Speedway, breaking a streak of 704 consecutive starts, second-longest among active drivers behind Jeff Gordon‘s 706 consecutive starts.
With Bobby Labonte in the last season of his current contract with JTG Daugherty, working for his brother may not be a bad idea. But the younger Labonte hedged about the possibility.
“That might be a little tough because we are different in a lot of ways,” Bobby Labonte said of racing for his brother. “He would do anything he could to help me, just like I’d do anything to help him. But there’s more to it than that.”
Aug 23, 2014, 4:45 AM EDT
One final chance for the drivers and teams to get to grips with Spa ahead of qualifying later today.
Aug 23, 2014, 1:09 AM EDT
Dramatic day for Pro Mazda, USF2000 Friday in Sonoma.
Aug 22, 2014, 11:35 PM EDT
Ryan Blaney passed Kyle Busch with six laps left in Friday night’s Food City 300 Nationwide Series race at Bristol Motor Speedway, and then held on the rest of the way to earn his second career NNS victory.
Aug 22, 2014, 8:30 PM EDT
Update (8:30 p.m. ET): The engines have been fired and tonight’s Food City 300 is ready to roll.
Aug 22, 2014, 7:15 PM EDT
The Bowtie has won the IndyCar manufacturer’s title in all three seasons since returning to North American open-wheel racing in 2012.
Aug 22, 2014, 6:54 PM EDT
Jeff Gordon looked like he had the pole for Saturday’s Irwin Tools Night Race at Bristol Motor Speedway. But Kevin Harvick had other ideas.
Aug 22, 2014, 6:34 PM EDT
At 7-feet tall, ESPN NASCAR analyst, team co-owner and former NBA star Brad Daugherty is a formidable presence. He’s also known to play a practical joke every now and then.
Aug 22, 2014, 5:39 PM EDT
Unpredictable weather conditions have impacted the Food City 500 in its March spot, which the event has had since the 2005 season.
Aug 22, 2014, 5:21 PM EDT
The 2015 NASCAR Sprint Cup Series schedule will be officially presented on Tuesday, August 26 at 5 p.m. ET on a special 60-minute edition of NASCAR AMERICA.
Aug 22, 2014, 5:05 PM EDT
“Rowdy” earns the pole for tonight’s Food City 300 with a lap of 125.142 miles per hour in the No. 54 Joe Gibbs Racing Toyota.
Aug 22, 2014, 3:52 PM EDT
Former NASCAR Nationwide Series team owner Ed Whitaker passed away Friday at his home in Bristol, Va., business associate Peter Laura told the Bristol Herald Courier.
Aug 22, 2014, 3:04 PM EDT
In statement, Alexander Rossi takes the high road after missing out on Grand Prix debut with Marussia in Spa.
Aug 22, 2014, 2:41 PM EDT
Late in the 50-minute session, the Roush Fenway Racing driver zipped around the half-mile oval at 131.048 mph in the No. 17 Ford Fusion.
Aug 22, 2014, 2:00 PM EDT
Here’s today’s round-up from the paddock at Spa-Francorchamps.
Aug 22, 2014, 1:30 PM EDT
In the year of the power unit, Spa is rewarding the Mercedes-powered teams.
Aug 22, 2014, 1:27 PM EDT
Russian GP3 debutante Konstantin Tereschenko goes for a wild ride at Spa, but mercifully emerges unscathed.
Aug 22, 2014, 1:16 PM EDT
The Chip Ganassi Racing driver turns a lap of 131.083 mph around the high-banked half-mile to lead Friday’s first practice session.
Aug 22, 2014, 1:00 PM EDT
As good as he may be, is Max Verstappen too young to be racing up against drivers twice his age?
Aug 22, 2014, 12:30 PM EDT
Son of ex-racer Jos set to become the youngest ever F1 driver next season at the age of 17.
Aug 22, 2014, 12:15 PM EDT
At 13th on the Chase Grid with three regular season races left, the former Sprint Cup champion isn’t feeling the need to choose between going for a win or having a good points day.
Video from NASCAR America
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