NASCAR »

Lack of sponsorship forces Swan restructuring

Swan Racing has been forced to effectively sell off its Sprint Cup entries to rival teams after a financial shortfall caused by a lack of sponsorship.
Swan Racing has announced what it calls a successful restructuring of the team which involves handing over its two NASCAR Sprint Cup Series entries to be operated by other teams.

In the case of the #26 that is being driven this season by Cole Whitt, the team has been merged into BK Racing with immediate effect. Whitt will retain the drive under the new partnership arrangement.

The #30 team has been sold to John Cohen of XxxTreme Motorsports, which will operate the team going forward. However the driver of the car so far this season, Parker Kligerman, will not be moving with the team and stays at Swan Racing - albeit without a car, at least in the short term.

Instead, the #30 will henceforth be in the hands of veteran driver JJ Yeley. Stephen "Bones" Lane will serve as crew chief and be joined by several other former Swan Racing crewmembers.

"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," said team owner Brandon Davis in a statement released by the team on Wednesday.

"As previously stated, the team is restructuring due to a lack of additional funding," he continued. "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 #26 team and the #30 team.

"I am very relieved to know that the #26 and #30 teams will be in good hands and will continue to compete the remainder of the 2014 NASCAR Sprint Cup Series season," said Davis. "Most importantly, most of the team members have the opportunity to continue their employment in the sport and to support their families."

The statement said that this was the best way that the team had found to save the jobs of the crews, the drivers, and to keep those teams competing throughout the 2014 season. As for Kligerman, Davis said that he was still working hard to get the 23-year-old from Westport, Connecticut back into competition as soon as possible.

"Swan Racing is exploring any and all options to keep Parker Kligerman on track throughout the season," said Davis, promising updates on the situation as soon as they were available. "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."

"Although it's unfortunate we are having to scale back, I look forward to the future and the exciting things that I'm confident we will accomplish at Swan Racing or with another team," said Kligerman.

"I value the relationship that I've had with Brandon Davis and am very grateful for him giving me an opportunity to compete in the NASCAR Sprint Cup Series," he added. "Whether I continue to race with Brandon and Swan Racing or end up with another team, I will always give it my all on and off track to be the best I can be."



Related Pictures

Click on relevant pic to enlarge
Cole Whitt at Las Vegas Motorsport for testing on March 6, 2014. (Photo Credit: Todd Warshaw/NASCAR via Getty Images)
Cole Whitt on track at Auto Club Speedway in Fontana, California for testing on March 21, 2014. (Photo Credit: Kevork Djansezian/NASCAR via Getty Images)
Parker Kligerman at Las Vegas Motorsport for testing on March 6, 2014. (Photo Credit: Todd Warshaw/NASCAR via Getty Images)
Martin Truex Jr., driver of the #78 Furniture Row/Visser Precision Chevrolet, leads a pack of cars during the NASCAR Sprint Cup Series Windows 10 400 at Pocono Raceway on August 2, 2015 in Long Pond, Pennsylvania.  (Photo Credit: Jared C. Tilton/Getty Images)
Kyle Busch, driver of the #18 M&M`s Crispy Toyota, and Kevin Harvick, driver of the #4 Jimmy John`s/Budweiser Chevrolet, lead the field at the start of the NASCAR Sprint Cup Series Windows 10 400 at Pocono Raceway on August 2, 2015 in Long Pond, Pennsylvania. (Photo Credit: Todd Warshaw/NASCAR via Getty Images)
Smoke pours from the Kevin Harvick, driver of the #4 Jimmy John`s/Budweiser Chevrolet, during the NASCAR Sprint Cup Series Windows 10 400 at Pocono Raceway on August 2, 2015 in Long Pond, Pennsylvania. (Photo Credit: Photo by Nick Laham/Getty Images)
Kyle Busch, driver of the #18 M&M`s Crispy Toyota, pits during the NASCAR Sprint Cup Series Windows 10 400 at Pocono Raceway on August 2, 2015 in Long Pond, Pennsylvania. (Photo Credit: Jeff Zelevansky/NASCAR via Getty Images)
Joey Logano, driver of the #22 Shell Pennzoil Ford, pits during the NASCAR Sprint Cup Series Windows 10 400 at Pocono Raceway on August 2, 2015 in Long Pond, Pennsylvania. (Photo Credit: Chris Trotman/Getty Images)
Joey Logano, driver of the #22 Shell Pennzoil Ford, leads a pack of cars during the NASCAR Sprint Cup Series Windows 10 400 at Pocono Raceway on August 2, 2015 in Long Pond, Pennsylvania. (Photo Credit: Jared C. Tilton/Getty Images)
Joey Logano, driver of the #22 Shell Pennzoil Ford, leads Kyle Busch, driver of the #18 M&M`s Crispy Toyota, and a pack of cars during the NASCAR Sprint Cup Series Windows 10 400 at Pocono Raceway on August 2, 2015 in Long Pond, Pennsylvania. (Photo Credit: Jonathan Ferrey/NASCAR via Getty Images)
Matt Kenseth, driver of the #20 Dollar General Toyota, takes the chequered flag to win the NASCAR Sprint Cup Series Windows 10 400 at Pocono Raceway on August 2, 2015 in Long Pond, Pennsylvania. (Photo Credit: Todd Warshaw/NASCAR via Getty Images)
Matt Kenseth, driver of the #20 Dollar General Toyota, celebrates with a burnout after winning the NASCAR Sprint Cup Series Windows 10 400 at Pocono Raceway on August 2, 2015 in Long Pond, Pennsylvania. (Photo Credit: Tim Bradbury/Getty Images)
Matt Kenseth, driver of the #20 Dollar General Toyota, celebrates with the trophy in Victory Lane after winning the NASCAR Sprint Cup Series Windows 10 400 at Pocono Raceway on August 2, 2015 in Long Pond, Pennsylvania.  (Photo Credit: Tim Bradbury/Getty Images)
Matt Kenseth, driver of the #20 Dollar General Toyota, celebrates with the trophy in Victory Lane after winning the NASCAR Sprint Cup Series Windows 10 400 at Pocono Raceway on August 2, 2015 in Long Pond, Pennsylvania.  (Photo Credit: Tim Bradbury/Getty Images)
AJ Allmendinger, driver of the #47 Bush’s Grillin Beans Charcoal  Chevrolet SS, races to a seventh place finish Sunday, August 2, 2015 in the NASCAR Sprint Cup race at Pocono Raceway in Long Pond, Pennsylvania. (Photo by Garry Eller/HHP for Chevy Racing)
Jimmie Johnson, driver of the #48 Kobalt Tools Chevrolet SS, stops in his pit on his way to a sixth place finish Sunday, August 2, 2015 in the NASCAR Sprint Cup race at Pocono Raceway in Long Pond, Pennsylvania. (Photo by Rusty Jarrett/HHP for Chevy Racing)
Dale Earnhardt, Jr., driver of the #88 Microsoft Chevrolet SS, finishes in fourth place Sunday, August 2, 2015 in the NASCAR Sprint Cup race at Pocono Raceway in Long Pond, Pennsylvania. (Photo by Garry Eller/HHP for Chevy Racing)
Jeff Gordon, driver of the #24 AARP Member Advantages Chevrolet SS, races to a third place finish Sunday, August 2, 2015 in the NASCAR Sprint Cup race at Pocono Raceway in Long Pond, Pennsylvania. (Photo by Garry Eller/HHP for Chevy Racing)

Start the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.




© 1999 - 2015 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.