Former champion Bobby Labonte has been ruled out of action for this weekend's AdvoCare 500 NASCAR Sprint Cup Series race at Atlanta Motor Speedway after a cycling accident on Wednesday left him with three broken ribs.

Labonte was treated at a local hospital in Trinity, North Carolina after being involved in an accident while riding his bicycle near his home. Labonte was transported to the hospital by ambulance where he was diagnosed and treated for three broken ribs.

A statement from Labonte's management said that the 2000 Cup champion has sustained no other injuries in the accident, but he was nonetheless held overnight for observation.

Labonte was scheduled to drive the #51 Phoenix Racing at Atlanta this weekend, but will now be replaced in the car by Mike Bliss.

Labonte's run of 704 consecutive series starts had already come to an end earlier this season when JTG Daugherty Racing opted to give AJ Allmendinger a seat for the June event at Kentucky. Prior to this, the 21-race winner had not missed a race a start since he made his d?but in 1993.

Tony Stewart has already been sidelined for the rest of the season because of a broken leg he sustained in a regional winged sprint cup event at the start of the moment. Meanwhile Michael Waltrip Racing's Martin Truex Jr. will be racing with a scaphoid fracture to his right wrist this weekend and wearing a special cast on his right hand after being injured in a late accident during last Saturday's Cup night race.

Earlier in the season, Joe Gibbs Racing's Denny Hamlin missed three races after injuring his back in an accident in California just before Easter, and looks certain to miss the Chase cut-off as a result of the ground lost during his lay-off.

Phoenix Racing changes hands

Harry Scott Jr. has been confirmed as the new owner of the Phoenix Racing NASCAR Sprint Cup Series race team, after reaching a definitive agreement to purchase the on-car operation from James Finch. The team will continue its relationships and alliances with Chevrolet, Hendrick Motorsports and Earnhardt-Ganassi Racing.

"This is a very proud day for me as I will have the opportunity to compete against the best teams in motorsports in the NASCAR Sprint Cup Series as the owner of Phoenix Racing," said Scott, who is already a team co-owner in the Nationwide Series with Turner Scott Motorsport.

"I am going to build a championship contender with hard work, the right people and the right partners," he added. "This team has a great foundation thanks to the efforts of James Finch. There is a lot to build upon and I am looking forward to getting started."

Pending NASCAR's approval of the transfer of ownership, Scott will formally take over control of the team as its owner on September 10, when Justin Allgaier will be behind the wheel of the #51 in time for the Geico 400 at Chicagoland Speedway.



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