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.”

2016 Knoxville Nationals champ Jason Johnson succumbs to injuries from sprint car crash

Photo courtesy Jason Johnson Racing official Facebook page
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Former Knoxville Nationals champion sprint car driver Jason Johnson has died from injuries suffered in a crash Saturday night in a World of Outlaws race at Beaver Dam (Wisconsin) Raceway).

Known as the “Ragin’ Cajun” for his aggressive style of racing, Johnson, 41, passed away this morning, according to an announcement by WoO. He was one of the most respected and well-liked drivers on the circuit by both fellow competitors and fans.

According to the Milwaukee Journal Sentinel, Johnson, a Eunice, Louisiana resident, was racing for the lead in the main event on the one-third-mile clay track with eventual race winner Daryn Pitman, when Johnson crashed on Lap 18 shortly after a restart.

Johnson’s car left the track surface in Turn 3 and flew through at least one billboard adjacent to the racetrack, according to media and witness reports.

It took rescue workers several minutes to extricate Johnson, who was taken by ambulance to a local hospital before being airlifted to Aurora Summit Hospital in Summit, Wisconsin, according to the Journal Sentinel report.

How many will remember Johnson:

Johnson, who won the 2016 Knoxville Nationals – the sport’s biggest race – in Iowa in storybook fashion, had been a primarily part-time racer on various sprint car circuits from 1998 until he went full-time on the Outlaws series, capturing Rookie of the Year honors in 2015.

MORE: Knoxville win should be big boost to Jason Johnson’s season, career

Johnson had 12 wins on the Outlaws circuit, including two victories this season.

The Journal Sentinel also posted a statement from SLS Promotions, which promoted Saturday’s race:

“Everyone at SLS Promotions offers our deepest, most sincere thoughts, prayers and condolences to Bobbi Johnson (Jason’s wife), Jaxx Johnson (the couple’s son) and the entire Johnson family and JJR Racing team.

“Jason was a great competitor and true ambassador for the sport. It was an honor and a privilege to work with him during his time on the World of Outlaws Craftsman Sprint Car Series trail. Jason will never be forgotten”

Other notables also commented on his death on social media:

According to the Journal Sentinel, Johnson is the second driver in four years to die at the small track northwest of Milwaukee. In September 2014, Scott Semmelann, 47, was killed there while practicing for an Interstate Racing Association event.

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