April 23, 2014 — official release — NASCAR via Getty Images photo — STATESVILLE, N.C. — Swan Racing announced Wednesday afternoon they have sold their two NASCAR Sprint Cup Series teams off to new ownership.
Anthony Marlowe, co-owner of Swan Racing, merged his ownership stake into BK Racing. Cole Whitt will remain the driver of the No. 26 Toyota.
Jonathan Cohen, owner of Xxxtreme Motorsports, purchased the No. 30 Toyota, and will place veteran J.J. Yeley behind the wheel of that car, effective immediately. Stephen “Bones” Lane will serve as crew chief for the 30, and will be joined at Xxxtreme by several former Swan Racing crew members.
Parker Kligerman, who drove the No. 30 car in the first 8 races of 2013, remains under contract to Swan Racing, which will explore options to get him 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,” team owner Brandon Davis said in a statement released this afternoon.
“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 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.”
Co-owner Marlowe thanked Davis for all his work with the company, and said that his mission now is to look after the future of his young charge, Cole Whitt.
“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 solid working relationship with Davis was crucially necessary to the sale, Xxxtreme Motorsports owner Cohen added.
“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.