Sprint Cup

Swan Racing Sold to Two New Owners

Cole Whitt, pictured driving for Swan Racing on Feb. 15 in practice for the Daytona 500, will have a new ride with BK Racing. Swan Racing announced the sale of its two teams to separate owners on Wednesday. (NASCAR via Getty Images)

Cole Whitt, pictured driving for Swan Racing on Feb. 15 in practice for the Daytona 500, will have a new ride with BK Racing. Swan Racing announced the sale of its two teams to separate owners on Wednesday. (NASCAR via Getty Images)

STATESVILLE, N.C. – Swan Racing announced on Wednesday it has sold its two NASCAR Sprint Cup Series teams to separate team owners.

Anthony Marlowe, a Swan Racing co-owner, merged his ownership of the No. 26 team into BK Racing. Cole Whitt remains behind the wheel of the No. 26 Toyota.

John Cohen, the owner of XxxTreme Motorsports, bought the No. 30 Toyota, which will compete with driver J.J. Yeley. Stephen “Bones” Lane will serve as crew chief, and be joined by several former Swan Racing crew members.

Parker Kligerman – who had been driving the No. 30 car – remains under contract with Swan Racing, which will try to find options for him to get back on track.

“I want to first thank our employees, fans, and others in the NASCAR industry for their patience and understanding over the past several days while we work out the future of Swan Racing,” Swan Racing owner Brandon Davis said in a release.

“As previously stated, the team is restructuring due to a lack of additional funding. However, over the past couple weeks we worked tirelessly to find an alternative to ending operations. Fortunately, we were able to find a home for the No. 26 team and the No. 30 team, thanks to Anthony Marlowe and Jonathan Cohen respectively.

“Anthony and Jonathan are both young and ambitious NASCAR enthusiasts. It is important to keep them in the sport for the long term. I am very relieved to know that the Nos. 26 and 30 teams will be in good hands and will continue to compete the remainder of the NASCAR Sprint Cup Series season. Most importantly, most of the team members have the opportunity to continue their employment in the sport and to support their families. This was critically important to me.

“Swan Racing is exploring any and all options to keep Parker Kligerman on track throughout the season. We are encouraged by the response we have received from interested parties. Parker continues to be one of the most talented young drivers in NASCAR. He brought this racing team one of its strongest results in his first race with us, and we are certain of his success in the future.”

Marlowe thanked Davis for all his work with the company.

“Looking forward, my mission is to ensure Cole Whitt races in every NASCAR Sprint Cup event this season,” Marlowe said. “I am thrilled about the No. 26 team merger with my new partners at BK Racing. My friend Ron Devine and the BK Ownership group really stepped up to enable me to keep the No. 26 on the track.”

Establishing a good working rapport with Davis was integral to the sale, Cohen said.

“I’ve always had a good relationship with Brandon and I’ve always said if we can help each other or work together when the time is right that we should do it,” he said.

Posted by on Apr 23 2014 Filed under Latest Headlines, NASCAR, Sprint Cup, Top Stories. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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