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.”

Penske drivers lament missed victory at Road America (VIDEO)

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Team Penske dominated the entire Kohler Grand Prix weekend at Road America, twice going 1-2-3-4 over the three practice sessions on Friday and Saturday and then doing the same in qualifying, with Helio Castroneves taking pole from Will Power, Josef Newgarden, and Simon Pagenaud.

However, race day represented a missed opportunity. Though Castroneves led early, it was Newgarden who emerged as their best hope for victory following a spectacular outside pass on Castroneves entering turn 1 on lap 19. That put Newgarden in the lead, and he seemed to be in full control.

Still, Chip Ganassi Racing’s Scott Dixon had been stalking the Penske foursome all race long, and sat behind Newgarden in second for a lap 30 restart. With Newgarden on primary blacks and Dixon on alternate reds, Newgarden was somewhat of a sitting duck, and Dixon muscled his way into the lead with an equally spectacular outside pass in turn 1, with Newgarden briefly falling to third behind teammate Castroneves.

Josef Newgarden led several laps, but could not find his way around Dixon for the win. Photo: IndyCar

Although Newgarden regrouped, overtook Castroneves during the final pit stop sequence, and closed to within a second following a restart with seven laps remaining, he was never close enough to make a move for the win.

Even though the Team Penske drivers all finished in the top five, going 2-3-4-5 with Newgarden leading Castroneves, Pagenaud, and Power, missing out on victory was a bitter pill to swallow.

“It stings a little bit coming home second when you feel like you have a winning car,” Newgarden revealed in the post-race press conference.

He added that an ill-timed lap 28 caution for a spinning Takuma Sato ultimately put paid his chances of victory. “The caution didn’t fall our way. You can’t predict that stuff. It hurts when it comes at the wrong time. That’s pretty much what happened today. With (Tim Cindric calling the strategy), I feel confident with all our decisions, everything those guys do on the pit box. Things just didn’t fall our way today.”

For Castroneves, a slight error before his final pit stop saw him pit earlier than the team wanted, due to an alarm that went off in the cockpit. However, as he explained to NBCSN’s Marty Snider, it was of little consequence to the outcome of the race.

“We mentioned in the debrief that if in turn 14, the blue lights come on, you are to come right away. So I came in. I am sure they had a little buffer, and they knew what exactly was going on. (Race engineer Jonathan Diuguid) said keep going but I couldn’t quite understand him. But at the end of the day it didn’t cost us anything in terms of a win or second place.”

Still, the strong results see Pagenaud and Castroneves sit second and third in the championship, while Newgarden and Power sit fifth and sixth, respectively.

Follow Kyle Lavigne.

F1 Paddock Pass: Azerbaijan Grand Prix post-race (VIDEO)

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One of the crazier, most eventful Formula 1 races in recent memory took place at the Baku City Circuit today in Azerbajian.

That makes it a challenge to recap but it’s something NBCSN F1 pit reporter and insider Will Buxton, along with producer Jason Swales, attempt to do in the latest post-race edition of the NBC Sports Group original digital series, Paddock Pass.

You can see it below. Thursday’s pre-race edition is linked here. A full roundup of Sunday videos from Baku is linked here.

 

Bottas gives everything in Baku fightback from a lap down to P2

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Valtteri Bottas says he “gave it absolutely everything” after falling a lap down and running last early on in Sunday’s Formula 1 race in Baku before fighting back to finish second for Mercedes.

Bottas qualified second for the Azerbaijan Grand Prix behind teammate Lewis Hamilton, but dropped back after contact with Kimi Raikkonen at Turn 2 on the opening lap, sustaining a puncture.

Bottas fell a lap down on the field immediately, but was waved past and able to get back onto the lead lap during the first safety car period.

From there, Bottas produced a stunning fightback, dodging the minefield of incidents through the race to eventually cross the line second after a drag race to the checkered flag with Williams’ Lance Stroll.

“Today was a crazy race, especially for me. I had a puncture on the first lap after the contact with Kimi on Lap 1,” Bottas said.

“I was a lap down, then had to overtake the field under the Safety Car. The second Safety Car after that really helped me out and, step by step, I moved forward from there.

“My main goal today was to fight for the win but that went out of the window after the first lap. I was actually last at one point, but I got my head down, gave it absolutely everything and tried to get the absolute maximum out of every single corner.

“We didn’t quite manage to win but P2 from where we were is a great feeling. Importantly for the team, we scored more points in the fight with Ferrari and I got some good points for myself as well.”

Bottas ultimately finished as Mercedes’ lead driver following Lewis Hamilton’s second pit stop when his headrest came loose, resigning the Briton to fifth place at the checkered flag.

F1: Azerbaijan Grand Prix race videos on NBCSN (VIDEO)

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Videos from today’s Azerbaijan Grand Prix at the Baku City Circuit from NBCSN are linked below.

Daniel Ricciardo won a chaotic, crazy, bizarre race for his first victory of the season.

With a mix of post-race interviews and in-race highlights, there was a lot to digest. The post-race edition of Paddock Pass will also attempt to recap it all.

POST-RACE INTERVIEWS/FEATURES

Lewis Hamilton

Sebastian Vettel

Sergio Perez

Lance Stroll’s podium “shoey” with Daniel Ricciardo

Daniel Ricciardo’s “shoey” tradition

IN-RACE HIGHLIGHTS

Bottas, Raikkonen tag each other at start of race

Verstappen tries to force Perez into errors at Azerbaijan GP

Verstappen forced to retire in Azerbaijan GP

Fernando Alonso calls for a red flag due to debris

Vettel hits Hamilton in crazy restart

Repercussions possible for Vettel and Hamilton after contact

Ricciardo slings his way to third

Sebastian Vettel relinquishes lead due to penalty

Ricciardo drives to victory, Bottas steals second at the flag