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. PWC: GTSport to continue two-car Cayman GTS effort

    Oct 23, 2014, 4:30 PM EDT

    Photo: GTSport Racing Photo: GTSport Racing

    GTSport Racing returns with Jack Baldwin and Buz McCall.

  2. WATCH LIVE: NASCAR AMERICA at 5 p.m. ET for Martinsville outlook

    Oct 23, 2014, 3:37 PM EDT

    141023-nascar-america

    Martinsville preview on tap in Thursday’s NASCAR AMERICA.

  3. Caterham could miss Austin as crisis deepens at Leafield

    Oct 23, 2014, 1:12 PM EDT

    Spanish F1 Grand Prix - Qualifying Getty Images

    Fernandes claims he didn’t receive full payment for Caterham, the new owners claim they haven’t received their shares, Bernie Ecclestone says he is trying to remedy the situation – but all the while, workers are locked out of the factory, putting the team’s hopes of making Austin in doubt.

  4. South Point, Gaughan to return with RCR to NASCAR XFINITY in 2015

    Oct 23, 2014, 12:00 PM EDT

    Ollie's Bargain Outlet 250 - Qualifying Getty Images

    Brendan Gaughan back for another year with RCR in XFINITY.

  5. Massa, Perez, Gutierrez confirmed for COTA fan forum

    Oct 23, 2014, 11:00 AM EDT

    MasPerSochi Getty Images

    Sergio Perez, Felipe Massa and Esteban Gutierrez signed up for COTA fan forum.

  6. Keselowski: ‘I’m not (Dale Earnhardt Sr.) … I’m just trying to do things my own way’

    Oct 22, 2014, 11:35 PM EDT

    (Jared C. Tilton/NASCAR via Getty Images) Getty Images

    Brad Keselowski is flattered people might compare him with the late Dale Earnhardt, but he’ll be the first to say he’s not the new Intimidator in NASCAR.

  7. Greatest collection of Indy 500 pace cars to be displayed soon

    Oct 22, 2014, 8:18 PM EDT

    (Photo courtesy Indianapolis Motor Speedway) (Photo courtesy Indianapolis Motor Speedway)

    Perhaps the greatest collection of original Indianapolis 500 pace cars will soon be on display at an upcoming car show in suburban Chicago.

  8. IndyCar driver James Hinchcliffe being toasted for fast-selling beer

    Oct 22, 2014, 7:36 PM EDT

    (Photo courtesy Hinchtown.com) (Photo courtesy Hinchtown.com)

    For most Canadians, their homebrewed beer choice is typically Labatts or Molson. But countryman and IndyCar driver James Hinchcliffe is starting to get some traction with his own beer brand, Hinchtown Hammer Down (HHD).

  9. NASCAR America: Take a spin around Martinsville Speedway

    Oct 22, 2014, 6:43 PM EDT

    NASCAR America

    On Wednesday’s edition of NASCAR America, Parker Kligerman took a spin around Martinsville Speedway in the NBC race simulator to show why the paper-clip shaped track can be extremely difficult.

  10. NHRA stunner: Jimmy Prock out as John Force’s crew chief

    Oct 22, 2014, 4:13 PM EDT

    Jimmy Prock, now former crew chief for John Force. (Photo courtesy John Force Racing) Jimmy Prock, now former crew chief for John Force. (Photo courtesy John Force Racing)

    In a stunning move that could potentially threaten his bid for a record-extending 17th NHRA Funny Car championship, John Force announced Wednesday that veteran crew chief Jimmy Prock has resigned, effective immediately.

  11. Kurt Busch and Danica Patrick will swap crews at Stewart-Haas (UPDATED)

    Oct 22, 2014, 2:37 PM EDT

    KurtDanica Getty Images

    Crew chiefs, road crews for Nos. 10 and 41 Stewart-Haas Racing cars will swap starting at Texas.

  12. Statement from Caterham provides unclear future for team’s plans (UPDATED)

    Oct 22, 2014, 2:20 PM EDT

    AUTO-PRIX-JPN-F1 Getty Images

    More murky messaging from Leafield as Caterham’s future hangs in the balance.

  13. Drag racer Ron Capps doesn’t let hurricane stop Hawaii appearance

    Oct 22, 2014, 2:10 PM EDT

    (AP Photo/NHRA, Teresa Long) AP

    When you drive a car that produces nearly 10,000 horsepower and reaches speeds approaching 330 mph, a hurricane with wind speeds over 100 mph is nothing. That was the case Sunday for NHRA Funny Car driver Ron Capps.

  14. Ken Block, Matthew Wilson to return to WRC in Spain this weekend

    Oct 22, 2014, 2:00 PM EDT

    FIA World Rally Championship Mexico - Day Two Getty Images

    Ken Block, Matthew Wilson make WRC returns for this weekend’s Rally Spain.

  15. UPDATED: Will NHRA Funny Car legend John Force reveal new sponsor and manufacturer today?

    Oct 22, 2014, 1:26 PM EDT

    (AP Photo/NHRA) AP

    Sixteen-time NHRA Funny Car champion John Force is expected to make a major announcement concerning John Force Racing later Tuesday afternoon.

  16. NASCAR: Kurt Busch’s new 2015 paint scheme unveiled

    Oct 22, 2014, 1:15 PM EDT

    Crown Royal Presents The John Wayne Walding 400 - Practice Getty Images

    Kurt Busch’s 2015 paint scheme adds more red.

  17. Lotus begins deal with jewelry company called Endless

    Oct 22, 2014, 11:35 AM EDT

    F1 Grand Prix of Japan - Qualifying Getty Images

    Lotus will have a new sponsor for Austin that’s beginning, but called Endless.

  18. Dale Earnhardt Jr. featured in new concussion awareness initiative (VIDEO)

    Oct 22, 2014, 11:06 AM EDT

    DaleJrDega AP

    Dale Earnhardt Jr. will be featured for UPMC campaign that seeks to change the conversation about concussions.

Video from NASCAR America

Why Martinsville is one tricky track
Top 10 NASCAR Driver Searches
  1. K. Busch (1973)
  2. B. Keselowski (1572)
  3. R. Preece (1562)
  4. W. Pitkat (1270)
  5. R. Newman (1266)
  1. M. Kenseth (1162)
  2. L. Cassill (1122)
  3. D. Coby (1072)
  4. K. Kahne (954)
  5. R. Rovelo (953)