Skip to content

Report: Terry Labonte interested in buying Phoenix Racing — could brother Bobby be far behind?

Jul 4, 2013, 8:06 PM EDT

Terry Labonte AP

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.”

Latest Posts
  1. Richard Petty to attend Richmond, first race since wife Lynda’s death

    Apr 24, 2014, 5:21 PM EDT

    Richard Petty AP

    According to driver Aric Almirola, team owner Richard Petty is expected to attend Saturday’s NASCAR Toyota Owners 400 at Richmond International Raceway. It will be the first time that Petty has been at a racetrack since the death of his beloved wife Lynda on March 25.

  2. NASCAR VP: 2015 Sprint Cup engine package to be revealed before All-Star Race

    Apr 24, 2014, 4:00 PM EDT

    GoBowling.com 400 Getty Images

    Steve O’Donnell, NASCAR’s senior vice president of racing operations, says that the process of finalizing the ’15 engine package is underway.

  3. Too much, too fast, too soon: The sad saga of Swan Racing

    Apr 24, 2014, 3:37 PM EDT

    Brandon Davis, majority owner of what is now the essentially defunct Swan Racing. (Photo courtesy Swan Racing) Brandon Davis, majority owner of what is now the essentially defunct Swan Racing. (Photo courtesy Swan Racing)

    Brandon Davis did all he could to keep Swan Racing afloat. But even a multi-millionaire oil and gas industrialist can only bleed so much money before deciding to throw a red flag on the operation. When anticipated funding and sponsorship failed to materialized, the two-team operation sank so fast that Davis had no other choice but to essentially go out of business.

  4. McLaren set to carry out aggressive series of upgrades

    Apr 24, 2014, 1:40 PM EDT

    F1 Grand Prix of China Getty Images

    Team racing director Eric Boullier says that upgrades to the MP4-29 have been planned out to the British Grand Prix in July.

  5. RLL seeks to conquer Barber’s flowing nature, and improve qualifying

    Apr 24, 2014, 12:44 PM EDT

    Rahal Getty Images

    Improved qualifying will likely yield greater results for RLL Racing at Barber this weekend.

  6. KV pair looks for results in Barber

    Apr 24, 2014, 11:00 AM EDT

    BourdaisBarber1 Getty Images

    Sebastien Bourdais, Sebastian Saavedra seek their best weekends of the year at the Barber Motorsports Park event.

  7. Indy 500 car count update: Four more driver/car combos needed for 33

    Apr 24, 2014, 10:15 AM EDT

    Indianapolis 500 Getty Images

    Dale Coyne’s team, plus a handful of others will need to assemble programs shortly to bring the Indianapolis 500 car count number up to 33, and perhaps beyond.

  8. Andretti Autosport seeks big rebound weekend at Barber

    Apr 24, 2014, 9:30 AM EDT

    RHR-Barber Getty Images

    After Long Beach debacle, Andretti Autosport looks to right the ship, get second straight Barber win this weekend.

  9. Unfinished business for Newgarden at Barber

    Apr 24, 2014, 8:45 AM EDT

    NewgyLB Getty Images

    Looking for a second straight fast, solid weekend, Josef Newgarden and the SFHR team seek an improvement on P9 in 2013 at Barber.

  10. IndyCar: Will high grip and high tempers equal high drama at Barber?

    Apr 24, 2014, 8:00 AM EDT

    Barber-Preview Getty Images

    Round 3 of the Verizon IndyCar Series could be a humdinger at Barber with high drama, high tempers possible after Long Beach.

  11. NASCAR Minute: Marcos Ambrose happy with 2014 start (VIDEO)

    Apr 23, 2014, 7:00 PM EDT

    Cheez-It 355 - Practice Getty Images

    RPM’s Marcos Ambrose on his start to the 2014 NASCAR Sprint Cup Series season.

  12. NHRA drag racing superstar John Force goes on vacation — at a dragstrip, of course

    Apr 23, 2014, 6:53 PM EDT

    AP Photo/John Force Racing, Elon Werner AP Photo/John Force Racing, Elon Werner

    John Force is your classic workaholic.

    Even when he’s on vacation and supposed to be resting and relaxing and taking things slow, the record-setting 16-time NHRA Funny Car champ never stops working. Force was on vacation with his family last weekend in St. Croix, Virgin Islands, a prelude to his upcoming 65th birthday on May 4.

  13. Swan Racing restructures, splits up two-car Sprint Cup operation

    Apr 23, 2014, 6:00 PM EDT

    Food City 250 - Qualifying Getty Images

    Swan Racing has restructured its two-car Sprint Cup team, the organization announced Wednesday afternoon. Minority owner Anthony Marlowe has merged his ownership stake in the No. 26 Toyota driven by Sprint Cup rookie Cole Whitt with BK Racing, which now expands to a three-car operation. Meanwhile, the No. 30 team has been sold to John Cohen, owner of XxxTreme Motorsports.

  14. Three-year extension for IndyCar at Long Beach approved by City Council

    Apr 23, 2014, 5:51 PM EDT

    Toyota Grand Prix of Long Beach Getty Images

    IndyCars confirmed to “roar by the shore” through 2018 after Long Beach City Council meeting.

  15. Healed from heart surgery, 4-time NHRA Pro Stock champ Greg Anderson back in the saddle this weekend in Houston

    Apr 23, 2014, 5:11 PM EDT

    Four-time NHRA Pro Stock champ Greg Anderson makes his 2014 season debut this weekend in Houston after undergoing off-season heart surgery. (Photo courtesy NHRA) Four-time NHRA Pro Stock champ Greg Anderson makes his 2014 season debut this weekend in Houston after undergoing off-season heart surgery. (Photo courtesy NHRA)

    The vacation of sorts is over for drivers in the Pro Stock class of the NHRA. Things are going to get a lot rougher from here on out. The reason? Former Pro Stock world champ Greg Anderson will make his return from off-season surgery at this weekend’s O’Reilly Auto Parts NHRA Spring Nationals at Houston’s Royal Purple Raceway.

  16. Trevor Bayne spends off-weekend racing and winning in a different way

    Apr 23, 2014, 4:10 PM EDT

    Dupont Pioneer 250 Getty Images

    The next time someone says they doubt that NASCAR drivers are athletes, show them this story. NASCAR Nationwide Series driver and 2011 Daytona 500 winner Trevor Bayne spent the Easter off-weekend competing in a different type of race – and he wound up winning. In just his second career sprint triathlon (also known as a short-distance triathlon that features a 750-meter swim, 20k-bike ride and a 5k-run), Bayne captured the TryCharleston sprint triathlon in South Carolina.

  17. It’s official: Redskins QB RG III to drive pace car at Richmond for Saturday’s Sprint Cup race

    Apr 23, 2014, 3:13 PM EDT

    RGIII_Richmond Getty Images

    Washington Redskins quarterback Robert Griffin III is used to beatin’ and bangin’ on a football field. There certainly will be a lot of that in Saturday night’s Toyota Owners 400 NASCAR Sprint Cup race at Richmond International Raceway. And RG III will have a front row seat to all the action as the track announced Wednesday that the ‘Skins’ QB will serve as honorary pace car driver for the race.

  18. Honda Indy Grand Prix of Alabama highlights motorsports coverage on NBCSN this week

    Apr 23, 2014, 2:28 PM EDT

    Honda Indy Grand Prix of Alabama - Day 3 Getty Images

    NBCSN’s coverage of the 2014 Verizon IndyCar Series continues this week with the Honda Indy Grand Prix of Alabama on Sunday at 2:30 p.m. ET, highlighting more than 15 hours of motorsports coverage this week, which includes Mecum Auctions coverage from Kansas City. NBC Sports Live Extra – NBC Sports Group’s live streaming product for desktops, mobile devices, and tablets – will stream coverage of the Indy Grand Prix of Alabama and Mecum Auctions via “TV Everywhere.”

  19. WATCH LIVE: NASCAR AMERICA at 5 pm ET – Hamlin, recap first 8 races, Richmond nuances, Virginia racing history

    Apr 23, 2014, 1:44 PM EDT

    140423-NASCAR-AMERICA

    As the NASCAR world returns from its Easter break, Wednesday on NASCAR AMERICA we start our in-depth focus on this Saturday’s race at Richmond International Raceway. Leigh Diffey and Wally Dallenbach will host from our Stamford, Conn., studios. Remember to tune in at at 5 p.m. ET on NBCSN and NBC Sports Live Extra for online or mobile device.

  20. FIA WEC: Ram Racing withdraws from Spa

    Apr 23, 2014, 12:30 PM EDT

    RAM Racing AP

    Privateer GTE team forced to pull out of next FIA WEC over financial issues.

Today on NASCAR AMERICA

More from NASCAR America

Ambrose happy with start of season
Top 10 NASCAR Driver Searches
  1. P. Kligerman (1507)
  2. C. Whitt (1397)
  3. B. Jones (1339)
  4. J. Boston (1204)
  5. B. Myers (1173)
  1. T. Hessert (1165)
  2. A. Seuss (1079)
  3. B. Loftin (1060)
  4. J. Myers (1059)
  5. L. Fleming (974)

Featured video

Lewis Hamilton thanks his 'angels'