Terry Labonte

Report: Terry Labonte interested in buying Phoenix Racing — could brother Bobby be far behind?

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Terry Labonte Racing? How about Labonte Brothers Racing?

Both have a pretty nice ring to them, don’t they?

And one of those names or something similar could soon become reality amid a report by The Associated Press on Thursday that two-time Sprint Cup champion Terry Labonte may be interested in purchasing Phoenix Racing from current owner James Finch.

Finch is looking to sell his team before he’s forced to shut it down permanently due to lack of funding and sponsorship.

And one of the potential suitors to purchase the team is the elder Labonte brother.

“James been trying to sell that thing for a long time and Terry told me about it,” younger brother Bobby Labonte said Thursday at Daytona International Speedway, where he was preparing for Saturday’s Coke Zero 400. “I hope Terry can do it.”

While it’s unlikely at this point that Bobby would join Terry as a co-owner, there’s no question that the elder brother is giving the purchase a great deal of thought.

“I think Terry would like to do it, but you’ve got to get money to feed the cow,” Bobby Labonte said.

There reportedly are at least two other individuals interested in buying the team, according to the AP report: Harry Scott, co-owner of Nationwide Series team Turner Scott Motorsports, and an unidentified potential buyer.

Terry Labonte was apparently not available for comment.

While Finch has had difficulty getting enough funding to keep the team operational and competitive, he has some of the best cars and equipment available, purchased or leased from Hendrick Motorsports.

That in itself would be a significant lure to anyone seeking to purchase the team’s assets and equipment.

Terry Labonte, 56, stopped racing full-time after the 2004 season, but has continued to run a limited part-time Sprint Cup schedule, including three of the 17 races held thus far in 2013.

But having a team to call his own may be a lure the Corpus Christi, Texas native can’t resist.

“I think he has a good feeling about things, about people,” Bobby Labonte said. “He enjoys it. He enjoys racing.

“You may not look at him and think that, but he likes being a part of successful things and helping people out, whether it’s having 20 employees or having a successful business. That’s just how he is.”

Terry Labonte won the then-Winston Cup championship in 1984 and 1996. He has 22 career wins in the Cup series and has earned nearly $45 million in 36 years and 884 race starts on the Cup circuit. Bobby Labonte won the Winston Cup crown in 2000 and has 21 wins in 706 starts over 22 years on the Cup circuit.

Could younger brother Bobby potentially drive for his older brother? That certainly seems like an intriguing possibility, especially since Bobby Labonte will miss up to five races this season for JTG Daugherty Racing as A.J. Allmendinger fills in to give the team a different driver perspective and input. Labonte did not race in last week’s event at Kentucky Speedway, breaking a streak of 704 consecutive starts, second-longest among active drivers behind Jeff Gordon’s 706 consecutive starts.

With Bobby Labonte in the last season of his current contract with JTG Daugherty, working for his brother may not be a bad idea. But the younger Labonte hedged about the possibility.

“That might be a little tough because we are different in a lot of ways,” Bobby Labonte said of racing for his brother. “He would do anything he could to help me, just like I’d do anything to help him. But there’s more to it than that.”

Alonso targeting ‘decent points’ in Monaco from P9 on grid

MONTE-CARLO, MONACO - MAY 26: Fernando Alonso of Spain driving the (14) McLaren Honda Formula 1 Team McLaren MP4-31 Honda RA616H Hybrid turbo on track during practice for the Monaco Formula One Grand Prix at Circuit de Monaco on May 26, 2016 in Monte-Carlo, Monaco.  (Photo by Mark Thompson/Getty Images)
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Fernando Alonso believes that “decent points” are within his reach in Sunday’s Monaco Grand Prix from ninth place on the grid.

Alonso reached Q3 for just the second time this season in Monaco, qualifying 10th overall for McLaren.

The Spaniard will gain a position for the start of the race by virtue of Kimi Raikkonen’s grid penalty, giving him a good chance to add to the points he scored in Russia earlier this month.

“We had a little bit of stress with the red-flag stoppage in Q1: we only had six minutes left and I hadn’t set a time,” Alonso explained.

“Our main goal today was to get into Q3, but I still don’t really feel confident with the car – I didn’t have a perfect feeling with it, and I wasn’t therefore confident enough to really attack the corners.

“Our predictions ahead of this weekend were maybe a little over-optimistic, but let’s see what happens tomorrow.

“We’ll need some rain, snow or whatever to give the race a little bit of action – the start will dictate the complexion of the race, but hopefully the weather will make the show more exciting.

“It would be great to come out of the weekend with some decent points.”

Teammate Jenson Button was unable to make it through to the final stage of qualifying, finishing 13th in Q2 in the second McLaren MP4-31 car.

“My lap in Q1 felt okay, then the balance went away from me as the circuit gripped up,” Button explained.

“On my final run in Q2 I had front-locking into Turn 3, locked the front-left and overheated the tire, which meant I lost front-end grip after that.

“Still, this is Monaco, and anything can happen. The first corner is usually eventful; then, after that, it’s about sitting behind the guy in front.

“You can try and dive down the inside of another car into Turn 10, but that’s a no-go for us because we’re too far back by the time we get to that part of the track.

“So, as I say, I’ll be hoping for rain tomorrow.”

The Monaco Grand Prix is live on NBC from 7:30am ET on Sunday, with F1 Countdown beginning on NBCSN at 7am ET.

VIDEO: Ride onboard with Ricciardo on his Monaco pole lap

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Daniel Ricciardo’s charge to pole position in qualifying for the Monaco Grand Prix came as a surprise to many in the Formula 1 paddock as Mercedes’ streak of pole positions came to an end.

It was just the third time since the start of the V6 turbo era – 44 races ago – that either Lewis Hamilton or Nico Rosberg did not claim pole position, and arguably just the second where Mercedes had been simply outpaced.

Ricciardo enjoyed an edge during practice before producing a stunning lap of 1:13.622 in Q3 to score his first pole position in F1.

In the video above, you can ride onboard with Ricciardo as he tames the fearsome Monaco street circuit, overcoming one of the biggest challenges in racing.

The Monaco Grand Prix is live on NBC from 7:30am ET on Sunday, with F1 Countdown beginning on NBCSN at 7am ET.

Verstappen to start from back row in Monaco after qualifying crash

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Two weeks on from his shock maiden Formula 1 victory in the Spain, Max Verstappen came back down to earth with a bump in qualifying for the Monaco Grand Prix after a crash resigned him to the back row of the grid.

Verstappen clipped the inside of the wall at the Swimming Pool chicane, breaking his front axle and sending him straight into the barrier at the exit of the corner.

The Dutchman walked away from the incident unharmed, but having not set a time in the session, he was classified in 21st place.

Speaking to NBCSN after the session, Verstappen admitted that the crash was down to driver error despite not pushing as hard as he could have.

“I was was not pushing to the limit,” Verstappen said.

“I just turned in too early. If you’re pushing to limit, normally you would go off track or miss the corner. I just in turned early.”

Wet weather is forecast for Sunday’s race, but Verstappen still feels that it will be difficult for him to salvage anything from the weekend after this error.

“Hopefully it will help a bit, but obviously on this track it will be very difficult to overtake.”

Verstappen’s Red Bull teammate Daniel Ricciardo stormed to his first F1 pole in qualifying, leaving the team with two very different races to manage on Sunday.

The Monaco Grand Prix is live on NBC from 7:30am ET on Sunday, with F1 Countdown beginning on NBCSN at 7am.

Hamilton escapes engine scare to qualify third for Monaco GP

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Lewis Hamilton escaped an engine scare early in Q3 to qualify third for Sunday’s Monaco Grand Prix.

Hamilton arrived in Monaco hopeful of kick-starting his championship bid and ending his poor run of form in the principality, having won there just once in Formula 1.

The Briton appeared to be in the fight for pole heading into the final stage of qualifying, only to report a loss of power on his Mercedes car in the pit lane.

While the rest of the drivers streamed out onto the track, Hamilton was wheeled back to his garage so the team could set to work on fixing the issue.

Mercedes confirmed to the media that Hamilton had suffered a fuel pressure issue that prompted the team to stop his car in the pit lane. Teammate Nico Rosberg had a similar problem that delayed his first run in Q3.

Hamilton made his one flying lap count to finish third in Q3 behind pole-sitter Daniel Ricciardo and Rosberg, but felt pole was for the taking had it not been for the issue.

“It was a difficult qualifying, I don’t really know what to say at the moment,” Hamilton said.

“The good thing is that I did get out to do a lap at least, it wasn’t as bad as some races have been in that respect with the engine problems.

“I’m grateful to be up in third. Pole was there for the taking I think, but nevertheless I’ll do what I can in the race to salvage what I can from today’s result.”

The Monaco Grand Prix is live on NBC from 7:30am ET on Sunday, with F1 Countdown beginning on NBCSN at 7am ET.