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


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.”

Reaction to INDYCAR/NBC Sports Group announcement: Mario Andretti, Roger Penske, Bobby Rahal and social media

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Like countless others on the East Coast, Mario Andretti was fighting through a snowstorm Wednesday morning.

But emotionally and personally, it was a very bright and sunny day for the legendary Indy car driver.

In an exclusive interview with, Andretti spoke in glowing terms about this morning’s announcement of a multi-year media rights partnership between INDYCAR and NBC Sports Group beginning next year.

“I think this is awesome,” Andretti said. “It’s music to my ears and all of us. NBC has been very familiar with IndyCar racing, so they’re a great partner. I’m elated that it’s all nailed down, secured and I’m looking forward to the future.

“It’s also great for the young lads in Indy Lights coming on, and it’s great for all the sponsors to have that kind of exposure. It’s a good day for INDYCAR today.”

Andretti lauded the fact that all elements of INDYCAR coverage – TV, digital and streaming – will now be under one corporate roof, so to speak.

“Personally, I think it’s huge,” Andretti said. “Everybody is going to be very familiar with everything, the storylines are going to flow perfectly from event to event. There’s nothing like continuity.

“It’s okay sometimes if you have two networks, but to me, the best possible solution is this. That’s why I think this is really a great day for INDYCAR racing to have NBC involved and the continuity is huge for us.”

MORE: NBC Sports Group, INDYCAR partner on new TV and digital rights agreement starting in 2019

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Several other high-profile individuals within the IndyCar community also gave their take on Wednesday’s announcement, including statements from team owners Roger Penske and Bobby Rahal.

Roger Penske: “As an industry, we are very fortunate to have the NBC Sports Group grow their presence and coverage of INDYCAR racing and really invest in the future of the sport. We believe there is a great deal of positive momentum in the Verizon IndyCar Series right now, from the development of the new race car, to the very talented group of young drivers and new teams coming into the sport this season.

“With the announcement of the enhanced broadcast partnership with NBC, it certainly adds to the excitement for the future. We know that the ways our fans are watching races and viewing INDYCAR content is rapidly changing, so staying ahead of the curve and the developing technology with our partners is important to the growth of our sport. We look forward to working with the NBC team to continue to build INDYCAR and take the sport in new directions.

“We also need to thank ABC and ESPN for all their terrific coverage over the years. The ABC network helped bring some of the most memorable moments in racing to life – including many of our team’s Indianapolis 500 victories – and we appreciate all of their hard work and passion for INDYCAR racing.”

Bobby Rahal: “It’s great news. I think the fact that the IndyCar Series will be under one roof, so to speak, network-wise can do nothing but great things for our sport. To increase to having eight races on network TV is also great news of course.

“The quality of the NBC broadcasts have gotten better and better over the last several years. They do a great job of providing interesting and entertaining content for the viewers and I think that will only continue to grow with the relationship going forward. That type of storytelling is also what helps bring new fans to the sport.”



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