Skip to content

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

Jul 4, 2013, 8:06 PM EST

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. Michael Schumacher’s son, Mick Jr., has ‘secret’ F4 test

    Dec 19, 2014, 6:55 PM EST

    mick schumacher jr.

    Michael Schumacher’s son, Mick Jr., spent a recent testing day in a Formula 4 car, a possible prelude to following in his famous father’s footsteps.

  2. Ganassi places faith in youngsters Kimball, Karam by putting them in No. 01 car

    Dec 19, 2014, 4:00 PM EST

    CGRdaytona Getty Images

    Rare, intriguing call for CGR to put two lesser-experienced drivers in No. 01 car.

  3. Williams recaps incredible 2014 campaign (VIDEO)

    Dec 19, 2014, 3:00 PM EST

    AUTO-PRIX-F1-ABU-DHABI-PODIUM Getty Images

    Williams’ stellar 2014 season, recapped in pictures and words.

  4. Top NASCAR stories of 2014: No. 12 – Newman, Kenseth winless but still successful

    Dec 19, 2014, 2:15 PM EST

    Hollywood Casino 400 - Practice Getty Images

    Ryan Newman and Matt Kenseth proved that consistency still pays.

  5. Report: The Sprint Experience will not return in 2015

    Dec 19, 2014, 1:49 PM EST

    sprint cup logo

    The fan-favorite Sprint Experience at NASCAR tracks across the country is apparently no longer, according to a media report.

  6. NASCAR: Top drivers of 2014 – No. 18 Jamie McMurray

    Dec 19, 2014, 1:30 PM EST

    NASCAR Sprint All-Star Race Getty Images

    McMurray shined at the All-Star Race in May but missed out on a 2014 Chase berth.

  7. NASCAR: Top drivers of 2014 – No. 17 Kyle Larson

    Dec 19, 2014, 12:57 PM EST

    (David Becker/Getty Images) Getty Images

    Kyle Larson had a tremendous rookie season in 2014. If he was that good this season, imagine how much better he’ll be next season and seasons to come.

  8. Felipe Nasr goes with 12 for his F1 car number

    Dec 19, 2014, 12:30 PM EST

    F1 Grand Prix of Brazil - Previews Getty Images

    Felipe Nasr’s No. 12 rounds out the F1 grid number choices for 2015.

  9. Vergne joins Ferrari as a test driver

    Dec 19, 2014, 12:00 PM EST

    Canadian F1 Grand Prix - Previews Getty Images

    Jean-Eric Vergne signs with Ferrari as a test and development driver, which means a bunch of simulator work.

  10. RC Enerson confirmed for Indy Lights with Schmidt Peterson

    Dec 19, 2014, 11:17 AM EST

    IndyLights

    RC Enerson moves up from USF2000 to Indy Lights.

  11. NASCAR: Kid Rock to perform pre-race show at 2015 Daytona 500

    Dec 19, 2014, 11:00 AM EST

    2014 Louder Than Life Festival - Day 2 Getty Images

    Multiplatinum artist to rock out before 2015 running of the Great American Race.

  12. NASCAR Canadian Tire Series 2015 schedule released

    Dec 18, 2014, 9:51 PM EST

    Canadian tire series logo

    It lasts only four months, but there’ll be lots of action on the schedule for the 2015 NASCAR Canadian Tire Series.

  13. Ricky Stenhouse Jr. to do a little pre-Christmas dirt tracking Saturday in Illinois

    Dec 18, 2014, 9:26 PM EST

    (Tom Pennington/Getty Images) Getty Images

    Ricky Stenhouse Jr. will be slinging some pre-Christmas dirt this Saturday in an all-star sprint car race in DuQuoin, Ill.

  14. Kurt Busch sponsor supports him ‘110 percent’ in dispute with ex-girlfriend

    Dec 18, 2014, 8:50 PM EST

    (Jerry Markland/Getty Images) Getty Images

    One of Kurt Busch’s sponsors has joined team owner Gene Haas in backing the driver in his ongoing dispute with ex-girlfriend Patricia Driscoll.

  15. Have a good laugh: Check out NASCAR America’s 2014 blooper reel (video)

    Dec 18, 2014, 6:31 PM EST

    NASCAR America

    Want to have a good laugh or two? Check out all of the bloopers and behind-the-scenes fun from NASCAR America over this past year.

  16. NASCAR suspends Camping World Truck Series crew member

    Dec 18, 2014, 6:18 PM EST

    nascar logo 2014

    NASCAR announced that a Camping World Truck Series crew member has been suspended for violating the sanctioning body’s substance abuse policy.

  17. WATCH: Race of Champions at 7 p.m. ET kicks off motors evening on NBCSN

    Dec 18, 2014, 6:00 PM EST

    ROA_Twitter_Promo

    RoC, Mecum, and two F1 “Road To:” specials make for motors block on NBCSN tonight starting at 7 p.m. ET.

  18. IndyCar champ Will Power’s hidden talent — breakdancing

    Dec 18, 2014, 4:15 PM EST

    penske file power montoya 2014

    Will Power is a closet breakdancer? Who knew? Find out in the latest edition of The Penske Files.

Video from NASCAR America

NASCAR America's 2014 blooper reel
Top 10 NASCAR Driver Searches
  1. A. Self (1970)
  2. C. Coughlin (1790)
  3. D. Suarez (1722)
  4. M. Tifft (1687)
  5. J. Boston (1630)
  1. K. Busch (1554)
  2. K. Busch (1514)
  3. B. Vickers (1497)
  4. D. Armstrong (1159)
  5. K. Larson (978)