Published on April 18th, 2014 | by Michael J Smith0
Swan Racing May Cease Operations
Swan Racing may cease operations soon, according to reports. The team released several employees and is currently assessing its situation.
The team hasn’t been able to secure sponsorship for the No. 26 of Parker Kligerman or the No. 30 of Cole Whitt.
There is a rumor that the No. 26 could be absorbed into BK Racing, if Swan closes its doors.
While things are up in the air, sources familiar with the situation say that it is very unlikely that the team will field two cars for the Toyota Owner’s 400 at Richmond International Raceway.
Swan co-owner Anthony Marlowe tweeted that this goal was to have Whitt start every race this season. He said nothing of Kligerman.
The team issued a statement:
Swan Racing is in the process of reviewing its current situation and ability to compete in the Sprint Cup Series. The team has been unable to secure the kind of sponsorship required to effectively operate the team. As a result, team management is exploring every option. We hope to be in a position to provide a detailed update in the near future.
Update: According to a representative from Fuel Sports Management group, Cole Whitt is looking for a ride for the Toyota Owner’s 400 at Richmond International Raceway.