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.”

Lewis Hamilton: My decision to make early pit stop in Australian GP

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Lewis Hamilton has revealed it was his call to stop early during Sunday’s Formula 1 season-opener in Australia, having struggled to hold on to the lead of the race due to his fading tires.

Despite tipping Ferrari to be the team to beat in Australia, Hamilton took the 62nd pole position of his career on Saturday, beating Sebastian Vettel.

Hamilton retained his lead in the early part of the race from Ferrari driver Vettel, only for the German to turn in a sequence of quick laps ahead of the first round of pit stops.

Fearful of losing the lead on-track to Vettel, Hamilton opted to pit early at the end of Lap 16 so that he could put his fresh tires to good use and try to get the undercut on his rival.

Ferrari did not react immediately, keeping Vettel out until Hamilton hit traffic, with Red Bull’s Max Verstappen holding the Mercedes driver back and creating a bigger gap between the two victory contenders.

Vettel was able to pit and come back out ahead of Verstappen and Hamilton, immediately forging a buffer that would sustain until the end of the race.

Hamilton explained after the race that he decided to come in early due to his tire concerns, believing that Vettel would have overtaken him anyway.

“We had a really good start, which is fantastic, it’s great to have a good getaway – but then we were struggling with the grip from the get-go,” Hamilton said.

“Sebastian was able to always answer in terms of lap time and the majority of the time do faster lap times. Towards the end I got a bit in traffic and overheated the tires and was struggling with grip, so it was to the point that I needed to come in.

“The gap was closing up and I was sliding around so it was my call, because otherwise he probably would have come by anyways. I came in and then I obviously got stuck in some traffic, which was unfortunate but that’s motor racing.”

Hamilton congratulated Vettel on his success, and said the result boded well for a close championship fight between Mercedes and Ferrari.

“A big congratulations to Sebastian and Ferrari, I know it’s been a long time coming to get a result like this,” Hamilton said.

“It shows we’re going to have a race on our hands, which we’re happy to have. I think it’s great for the fans.

“Unfortunately it’s harder than ever to get closer to cars, which is a shame because we can’t have an even closer battle. Who knows, maybe in the future we will.”

Vettel: Australia F1 win ‘a big relief’ to Ferrari after barren 2016

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Sebastian Vettel said his victory in Sunday’s Formula 1 season-opening Australian Grand Prix came as “a big relief” to the Ferrari team following a winless year in 2016.

Vettel qualified second in Melbourne before jumping Mercedes’ Lewis Hamilton through the pit stops when Ferrari opted to keep him out longer on the ultra-soft tires.

Vettel opened up a sizeable lead over Hamilton soon after his pit stop, eventually crossing the line 9.9 seconds clear of the Briton to win the opening race of the year.

The result marked both Ferrari and Vettel’s first win since the 2015 Singapore Grand Prix, showing the work that the team has done over the winter to turn things around after struggling last year.

“If you’re not part of the team it’s difficult to realize, but what this team has done in the last six months has been really tough, rough as well, not easy to manage,” Vettel said.

“Today is fantastic, a big reward and big relief for everyone. It’s just the tip of the iceberg though, the foundation has been laid a long time ago.

“I’m sure we’ll have a great night, create some great memories tonight and take it from there. We enjoy what we do, the spirit is great in the team and it’s up to us to keep it up.”

The result marked Vettel’s first win in Australia since 2011 and Ferrari’s first at Albert Park since 2007. In both years, they went on to win the drivers’ title, Ferrari taking the 2007 crown with Kimi Raikkonen.

History may be on Vettel’s side, but the German is not turning his attention to a fifth world title yet.

“No, I’m not interested in that point to be honest,” Vettel said when reminded of Raikkonen’s Australia win and title success in 2007.

“Obviously I was very fortunate so far in my racing career that I had some very good races and good years, but definitely after the first race is not the time to look at the table. We really have to go step-by-step.

“It’s good to know we have a great car but it’s just the beginning. New regulations, new generation of cars so there will be a lot of progress.

“These guys [Mercedes] have proven to be the ones to beat in the last couple of years more and more. We know they have a great engine but they’ve had a great car the last couple of years and they made good steps forward so we’re the ones who need to catch up.

“For today I’m just very happy and for sure whatever happens this year, the race today doesn’t hurt.”

Ricciardo downbeat after disaster Australian GP ends in retirement

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Daniel Ricciardo was left downbeat after a disastrous end to a difficult Australian Grand Prix weekend that saw the home Formula 1 favorite almost miss the race entirely.

Ricciardo was due to start the race 10th after crashing out of qualifying on Saturday, and was then handed a five-place grid penalty following a gearbox change overnight.

Ricciardo then suffered another setback when an electrical issue emerged during his reconnaissance lap to the grid, causing his car to get stuck in sixth gear.

After coming back to the pit lane in a truck, the RB13 car was revived by the Red Bull crew to allow Ricciardo to enter the race, albeit two laps down, making the event a glorified test session.

Ricciardo showed good pace, but was eventually forced to retire when an engine issue emerged on his car just after half distance, marking a sour end to his home race weekend.

“I’m just over it at the moment. It’s one of those days, tomorrow I’ll be fine,” Ricciardo told NBCSN after the session.

“It snowballed from yesterday. The out lap had problems, then I thought the race was done. We got out a few laps down. Good to get out and learn more. Then I had another issue, fuel pressure or something. Let’s go to China and have a better one there.”

Red Bull teammate Max Verstappen ended up fifth, with Ricciardo taking some heart from the result despite his own setbacks.

“I learned quite a bit with the car,” Ricciardo said. “I was behind a few slower cars. There’s other strengths and weaknesses. Max’s pace looked good at the moment.

“I’ll be alright when I wake up tomorrow. It’s been a long week.

“I feel like crap, it’s not how we’d like the opener to go at home.”

Alonso: Poor Australia display ‘a problem for McLaren, not me’

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Fernando Alonso believes his performance in Sunday’s Formula 1 season-opener in Australia was one of the best of his career, despite only being in contention for 10th place when he was forced to retire.

Alonso and McLaren arrived in Melbourne off the back of a torrid pre-season that had seen the Honda power unit present a number of problems, limiting the team’s running.

McLaren’s expectations for the Australian Grand Prix were low, making Alonso’s charge to 13th in qualifying an impressive one.

The Spaniard made a good start to move into the top 10 early on, and was in the running for points until a suspension issued forced him to retire with six laps remaining.

“The race was good, one of my best races driving like that,” Alonso told NBCSN after the race.

“The car’s uncompetitive and to be close for a point was a nice surprise. Good fuel saving as well. I was surprised to stay in the points. Suspension stopped us from getting this point.”

Alonso then delivered another scathing comment to McLaren, saying that his uncompetitive display was not his problem as he was driving at the peak of his powers.

“I feel very well prepared, driving at the best of my career, and I’m fighting for one point. That’s disappointing and frustrating,” Alonso said.

“But so long as I’m driving at my best, it’s a problem for the team, not me.”