Swan Racing drastically stunned the racing community on Thursday after announcing their organization will be downsizing due to lack of sponsorship.
”The team has been unable to secure the kind of sponsorship required to effectively operate the team,” Swan Racing said in a statement. ”As a result, the team management is exploring every available option. We hope to be in position to provide a detailed update in the near future.”
Brandon Davis, current owner of Swan Racing Company, bought the team in August of 2012 and did the classic start-and-park every weekend; however, this season he signed two young guns, Parker Kligerman and Cole Whitt, to a full-season, no start-and-park, deal.
Davis partnered with former NFL linebacker Bill Romanowski and famous rapper 50 Cent to help fund the operation. But, after multiple torn up racecars, it’s doubtful the team will even make it past the ninth race into the season.
According to Motorsport.com, Ramsey Poston, Swan Racing’s spokesperson, explained that it was unlikely both cars, if even one, would be at Richmond International Raceway next weekend.
The franchise released a multitude of employees on Thursday, according to multiple sources, and many of those are already seeking employment with other organizations.
BK Racing, who already fields two-cars in the NASCAR Sprint Cup Series, is willing to add Whitt’s No. 26 to their every growing team, if Swan does close its doors.
“My mission is to ensure @ColeWhitt races in every #NASCAR Sprint Cup event this season,” that remark was tweeted by Anthony Marlowe, Swan Racing co-owner.
Nobody has alluded to anything about Kligerman’s future at Swan, but after he’s had four DNF’s it’s likely he’ll be the first driver released.
SpeedwayMedia.com will continue to update the whole ordeal of the Swan Racing situation on our social media pages.
