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.”

Pirelli nominates soft, medium, hard tires for British GP

xxxx during the Formula One Grand Prix of Great Britain at Silverstone Circuit on July 5, 2015 in Northampton, England.
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July’s British Grand Prix will feature Pirelli’s three hardest compounds – like Spain next weekend – with the tire manufacturer confirming the soft, medium and hard compounds for Silverstone.

The British GP nominations come on the heels of the Austrian GP nominations, where Pirelli will run its ultrasoft, supersoft and soft compounds.

That will tie for the biggest race-to-race tire compound change this season. From Spain to Monaco later this month, there will be the step from the same soft/medium/hard combination to the ultrasoft/supersoft/soft run. The ultrasofts – Pirelli’s new ultra sticky, short-life compound – make their race weekend debut in Monaco.

Arrivabene: Ferrari not giving up on F1 titles in 2016

during final practice ahead of the Formula One Grand Prix of China at Shanghai International Circuit on April 16, 2016 in Shanghai, China.
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Ferrari Formula 1 chief Maurizio Arrivabene is refusing to give up on either the drivers’ or constructors’ championships in 2016 despite the Italian marque’s poor start to the season.

Ferrari entered 2016 hoping to challenge Mercedes for both titles and end its recent run of dominance, only to score just 76 points in the first four races – less than half the total of its rival – and suffer a number of issues on its car.

Nico Rosberg has won all four of the opening races and enjoys a 43-point advantage over the field, with leading Ferrari driver Kimi Raikkonen sitting a further 14 points behind.

However, Arrivabene is refusing to give up on the titles, believing that anything is possible with 17 races still to run.

“If I have to define the championship, we love the fight,” Arrivabene told the official F1 website. “We are looking for big challenges! What has happened is part of the DNA of racing.

“I don’t think things can be explained as bad luck. There are mostly human mistakes behind the story. I prefer to have these kind of problems now instead later in the season.

“But of course we need to make sure that it doesn’t happen again. Concerning the championship: we are not giving up! The team won’t give up and we will put all our energy from now on into the next 17 races!

“There are still 425 points to be taken. So by only winning the next five races everything is wide open again.

“Nothing is lost and we’re not giving up!”

Arrivabene is confident that the recent updates made to the Ferrari power unit will give the team a boost heading into the European leg of the season, starting next weekend in Spain.

“I trust that our performance is much better than what we’ve shown until now,” Arrivabene said.

“The characteristics of the tracks that are coming now, and because of the tokens that we’ve spent, will help us.

“Of course the others are not sleeping or waiting for us, so we have to fight.”

Verstappen: Surprise Red Bull promotion ‘an amazing opportunity’

SOCHI, RUSSIA - APRIL 29:  Max Verstappen of Scuderia Toro Rosso and The Netherlands during practice for the Formula One Grand Prix of Russia at Sochi Autodrom on April 29, 2016 in Sochi, Russia.  (Photo by Peter Fox/Getty Images)
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Max Verstappen called his surprise promotion to a race seat at Red Bull Racing for the Spanish Grand Prix “an amazing opportunity” following the team’s announcement on Thursday.

Verstappen, 18, has made a significant impact on Formula 1 since becoming the youngest driver in the history of the series last year when he made his debut with Toro Rosso.

Following Daniil Kvyat’s calamitous start to last weekend’s Russian Grand Prix, Red Bull took the decision to demote him back to Toro Rosso as of the Spanish Grand Prix.

Verstappen moves up to Red Bull in place of the Russian, marking his first opportunity to race with a top line team in F1.

“The next step in my relatively short career so far is an amazing opportunity,” Verstappen wrote on his official website.

“I really want to thank Red Bull Racing and Dr. Helmut Marko for the confidence they have in me. I’ll have the chance to learn a lot from the top team that is Red Bull Racing.

“I’m also looking forward to work with an experienced and proven team mate like Daniel Ricciardo.

“I can’t thank all the people at Scuderia Toro Rosso enough for all their hard work. Everyone back at the factory in Faenza, and Franz Tost in particular, have made an amazing contribution to get me this far in my career. We’ve had an amazing time together.

“Together with Red Bull Racing we’ll do everything to prepare me as best as possible for my first laps in the RB12 Tag Heuer, next week in Barcelona. I cannot wait for that special moment to happen.”

Verstappen will fly to Red Bull’s factory in Milton Keynes, England later this week for a seat fitting before completing some simulator work and getting to know the team ahead of his debut in Spain on May 15.

Vote in our poll below whether you love or hate the move.

Verstappen promoted to Red Bull, Kvyat back at Toro Rosso from Spanish GP

SOCHI, RUSSIA - MAY 01:  Max Verstappen of Netherlands and Scuderia Toro Rosso talks with Red Bull Racing Team Consultant Dr Helmut Marko in the Paddock ahead of the Formula One Grand Prix of Russia at Sochi Autodrom on May 1, 2016 in Sochi, Russia.  (Photo by Clive Mason/Getty Images)
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Red Bull has announced that Max Verstappen will take the place of Daniil Kvyat at its senior Formula 1 team for the Spanish Grand Prix.

Verstappen, 18, swaps seats with Kvyat, who returns to Toro Rosso – Red Bull’s junior team – having made his debut with the Italian outfit back in 2014.

Kvyat came under fire following the Russian Grand Prix after hitting Ferrari’s Sebastian Vettel twice on the first lap and ruining teammate Daniel Ricciardo’s race.

Red Bull team principal Christian Horner and team advisor Helmut Marko had face-to-face talks with Kvyat this week, before taking the decision to demote him to Toro Rosso.

“Red Bull Racing will have a new driver line-up from the Spanish Grand Prix,” a statement from Red Bull read.

“Max Verstappen will be joining the team to drive alongside Daniel Ricciardo. Daniil Kvyat will continue to drive for Red Bull and will re-join sister team Scuderia Toro Rosso.”

Horner was pleased to give Verstappen the opportunity to race for the senior Red Bull team after an impressive rookie season in 2015.

“Max has proven to be an outstanding young talent,” Horner said.

“His performance at Toro Rosso has been impressive so far and we are pleased to give him the opportunity to drive for Red Bull Racing.

“We are in the unique position to have all four drivers across Red Bull Racing and Toro Rosso under long term contracts with Red Bull, so we have the flexibility to move them between the two teams.

“Dany will be able to continue his development at Toro Rosso, in a team that he is familiar with, giving him the chance to regain his form and show his potential.”

The immediate response to the news was that of shock, given that barring his errors in Russia, Kvyat has enjoyed a strong stint with Red Bull.

The Russian beat the highly-rated Ricciardo across their first year together as teammates in 2015, and charged to third place in China just three weeks ago for his second podium finish in F1.

Red Bull has been known to make cut-throat decisions in the past though, with the likes of Jean-Eric Vergne, Jaime Alguersuari, Sebastien Buemi and Sebastien Bourdais all being dropped from the energy drinks giant’s F1 programme in the past.

Bourdais was the last driver to be replaced mid-season in the RBR/STR setup, dropping the Champ Car legend after the 2009 German Grand Prix.

Verstappen now has the chance to prove his mettle and make the best of a top-line seat, but at just 18 years old, he still has plenty to learn.

As for Kvyat? It is difficult to see where his F1 career goes from here, at least with Red Bull. The sport is enjoying a boom in Russia and he is the face of it, yet being sent back to the ‘training ground’ of Red Bull is nothing short of humiliating.

Time will tell whether this was a canny move by Red Bull or a snap decision all parties will come to regret.

Vote in our poll below whether you love or hate the move.