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 31, 2015, 9:00 AM EDT
The rest of the stories of note, to cap off the IndyCar season at Sonoma.
Aug 30, 2015, 10:39 PM EDT
It wasn’t the result, but the strength, of Oriol Servia in Justin Wilson’s car this weekend that shown through.
Aug 30, 2015, 10:34 PM EDT
A look at how the championship hopes for the three drivers ended in the GoPro GP of Sonoma.
Aug 30, 2015, 9:49 PM EDT
Dixon pulls off a shocker in Sonoma.
Aug 30, 2015, 9:17 PM EDT
Juan Pablo Montoya blamed the double-points awarded in the season finale for missing out on the IndyCar championship.
Aug 30, 2015, 8:47 PM EDT
Rahal endures disastrous finale at Sonoma, falls from second to fourth after 18th place finish.
Aug 30, 2015, 7:18 PM EDT
Dixon wins race, title in Sonoma in dramatic fashion.
Aug 30, 2015, 6:15 PM EDT
Will Power and Juan Montoya must fight from the back of the field following an accident.
Aug 30, 2015, 5:01 PM EDT
Robin Miller remembers Justin Wilson in this touching tribute.
Aug 30, 2015, 4:00 PM EDT
Webber and the no. 17 Porsche crew claimed their first win at the 6 Hours of Nürburgring on Sunday.
Aug 30, 2015, 3:15 PM EDT
Chevrolet wins its fourth straight INDYCAR Manufacturer’s Championship.
Aug 30, 2015, 3:00 PM EDT
With heavy hearts, IndyCar moves ahead and will crown its champion this afternoon in Sonoma.
Aug 30, 2015, 2:45 PM EDT
Catch up on the Red Bull Global Rallycross season at 3:30 p.m. ET on NBC.
Aug 30, 2015, 2:30 PM EDT
Maldonado keen to make up for his DNF in the Belgian Grand Prix at Monza.
Aug 30, 2015, 2:00 PM EDT
What to watch for ahead of the 16th and final round of the Verizon IndyCar Series season, the GoPro Grand Prix of Sonoma from Sonoma Raceway.
Aug 30, 2015, 1:42 PM EDT
Pole-sitter Will Power claimed the fastest time in the 30-minute session.
Aug 30, 2015, 1:01 PM EDT
Mark Webber, Brendon Hartley and Timo Bernhard claim their first WEC victory since joining forces at the beginning of the 2014 season.
Aug 30, 2015, 12:00 PM EDT
Grosjean sets his sights on repeating his third-place finish in Belgium last weekend.
Aug 30, 2015, 11:00 AM EDT
“If somebody wants to go into Formula 1 and they think that they can do it from one to the next year, I think he shouldn’t try to do it.”
Aug 30, 2015, 10:13 AM EDT
While there’s no shortage of wineries in Napa Valley, few have racing tie-ins, and fewer still get a racing tie-in at Sonoma Raceway – here’s the story of the Trefethen Family Vineyards.
- Double points reverse Montoya’s IndyCar championship hopes (VIDEO) 5
- Scott Dixon captures Sonoma race win and 2015 IndyCar championship (VIDEO) 9
- Robin Miller pays tribute to Justin Wilson (VIDEO) 1
- WATCH LIVE: IndyCar’s championship decided in Sonoma at 1 p.m. PT, 4 ET on NBCSN 1
- What to watch for: IndyCar at Sonoma (4 p.m. ET, NBCSN and Live Extra) 0
- Porsche’s no. 17 car surges to maiden WEC victory in 6 Hours of Nürburgring 2
- Audi boss Ullrich laughs off continual F1 rumors 2