Swan Racing shutting down?

[jeffro151]

•Lack of sponsorship could shut down Swan Racing: Swan Racing [#26-Cole Whitt & #30-Parker Kligerman] issued the following statement Thursday afternoon: "Swan Racing is in the process of reviewing its current situation and the ability to continue to compete in the NASCAR Sprint Cup Series. The team has been unable to secure the kind of sponsorship required to effectively operate the team. As a result, the team management is exploring every available option. We hope to be in position to provide a detailed update in the near future."(Swan Racing)(4-17-2014)

Umm, maybe running 2 field fillers instead of focusing on trying to field 1 decent car probably wasn't the brightest idea.

 

[Schmoopy1000]

•Lack of sponsorship could shut down Swan Racing: Swan Racing [#26-Cole Whitt & #30-Parker Kligerman] issued the following statement Thursday afternoon: "Swan Racing is in the process of reviewing its current situation and the ability to continue to compete in the NASCAR Sprint Cup Series. The team has been unable to secure the kind of sponsorship required to effectively operate the team. As a result, the team management is exploring every available option. We hope to be in position to provide a detailed update in the near future."(Swan Racing)(4-17-2014)

Umm, maybe running 2 field fillers instead of focusing on trying to field 1 decent car probably wasn't the brightest idea.

maybe if they quit wrecking race cars they could have stretched their money further.
I know hire Kurt Busch, he is good on equipment

 

[jeffro151]

UPDATE: Team spokesperson Ramsey Poston told Motorsport.com that Swan is assessing its current situation. Other sources familiar with the situation said it's unlikely that Swan will field more than one car -- if any -- for the Apr. 25-26 NASCAR events at Richmond International Raceway.(Motorsport)

UPDATE2: The Swan Racing NASCAR Sprint Cup Series team released a number of employees today [Thursday] and may not compete in the circuit's next race at Richmond International Raceway On April 26. Team employees were reportedly informed today that the team is suspending operations, and many of them are already seeking employment with other teams. Sources say there is a possibility that Whitt's #26 Toyota could be absorbed into the existing BK Racing operation, if Swan Racing is unable to continue.(Godfather Motorsports)

UPDATE3: Swan Racing co-owner Anthony Marlowe tweeted on Thursday afternoon: "My mission is to ensure @ColeWhitt races in every #NASCAR Sprint Cup event this season."(4-18-2014)

 

[Retroram52]

Yea, money is tight amonst even corporations and this sort of thing is eventually going to be more frequent for the smaller teams and may begin to affect the bigger teams. We shall see how numbnuts France handles it.

 

[CSD]

Umm, maybe running 2 field fillers instead of focusing on trying to field 1 decent car probably wasn't the brightest idea.

Bingo

 

[Retroram52]

The doors are closing and folks are finding work with other teams. It is sad day when a race team folds but the reality is these are difficult economic times and things have to be thought through or this is the result.

 

[jeffro151]

Swan Racing Restructures UPDATE Yeley in for Kligerman: Swan Racing announced it has successfully restructured the company by finding solutions for the #26 and #30 teams in an attempt to save the jobs of the crews, the drivers, and to keep those teams competing throughout the 2014 NASCAR Sprint Cup Series. As a result, Anthony Marlowe has merged his ownership of the #26 team into BK Racing, effective immediately. Cole Whitt will remain behind the wheel of the #26. The #30 team has been sold to John Cohen of XxxTreme Motorsports, which will operate the team going forward and intends to compete with veteran driver J.J. Yeley. Stephen "Bones" Lane will serve as crew chief and be joined by several other former Swan Racing crewmembers. Driver Parker Kligerman remains under contract with Swan Racing, which will seek to identify options for him to get back on track. Team owner Brandon Davis issued the following statement:
"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. 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 #26 team and the #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 #26 and #30 teams will be in good hands and will continue to compete the remainder of the 2014 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.(Swan Racing PR)(4-23-2014)

UPDATE: "It went from a lot of fun to a nightmare in a matter of months," [Swan Racing owner] Brandon Davis told NASCAR.com by telephone Wednesday, after his race team farmed off both its NASCAR Sprint Cup Series cars to other organizations. "I'm not going to point my finger in any one direction. It was just the overall thing, probably adding two cars, etc. ... There were challenges there." Davis, whose Swan Energy oil and gas company has bankrolled the team for most of its brief existence. Davis was willing to dig into his pockets to get the team going last year, when it fielded one car. But he expanded to two entries for 2014 and had hoped to subsist on sponsorship dollars, and the pieces simply didn't come together in time to keep the organization operational. Combine that with the time demands of Davis' growing oil and gas businesses, and it added up to difficulty from the first weeks of the season. Davis added he's retained a few people to help "wind things down" with Swan Racing, and can't foresee the team returning to the track in any capacity in the immediate future. Although Swan lacked sufficient sponsorship dollars, money wasn't the only issue -- expansion to two cars took more of a toll than Davis expected, and the demands of his day job cut into the available time he had to help the race team grow. With two cars now in the stable, everything took double the time, money, and effort. The financial amount contributed to the team by Swan Energy, Davis said, was used up in a matter of weeks. Asked if expanding to two cars proved too much, he did not mince words. "Yes. Most definitely."(NASCAR.com)

AND: Per Xxxtreme Motorsports Twitter, the team will run the #30 Chevy at Richmond, then switch back to the #44 starting at Talladega, and have the owners points / race attempts from the #30 team (4-24-2014).


To sum it up: Swan Racing is no more. Cole Whitt & #26 are now part of BK Racing, which already fields 'field-fillers' for Alex Bowman and Ryan Truex. The #30 team has been sold to the owner of #44, JJ Yeley will be the driver. Parker Kligerman is up shit creek.

 

[Retroram52]

Tough break for Kligerman. Perhaps a return to Nationwide or Trucks until a ride opens for him back in cup.