Published on April 24th, 2014 | by Michael J Smith0
Swan Restructures; Kligerman Out
After reportedly assessing its situation, Swan Racing has decided to restructure.
Team co-owner Anthony Marlowe has merged the No. 26 team into BK Racing, joining the No. 23 driven by Alex Bowman and the No. 83 driven by Ryan Truex. Cole Whitt will continue to drive the car with Marlowe being listed as owner.
The No. 30 team has been sold to Xxxtreme Motorsports. Xxxtreme will continue to operate the No. 30 with JJ Yeley behind the wheel. Steve Lane, crew chief of the No. 30, will move to Xxxtreme with the rest of the Swan Racing crew.
Parker Kligerman remains under contract with Swan, and the team is currently looking for opportunities to get him back on the track.
Swan issued a statement:
I want to first thank our employees, fans, and others in the NASCAR industry for their patience and understanding over the past several days while we work out the future of Swan Racing. As previously stated, the team is restructuring due to a lack of additional funding. However, over the past couple weeks we worked tirelessly to find an alternative to ending operations. Fortunately, we were able to find a home for the No. 26 team and the No. 30 team thanks to Anthony Marlowe and Jonathan Cohen respectively. … Swan Racing is exploring any and all options to keep Parker Kligerman on track throughout the season. We are encouraged by the response we have received from interested parties. Parker continues to be one of the most talented young drivers in NASCAR. He brought this racing team one of its strongest results in his first race with us, and we are certain of his success in the future.
Update: At Richmond, Yeley will drive the No. 30 car, then the number will switch to the No. 44 for the remaining races.
Swan co-owner Brandon Davis also said that the decision to expand to two car is was ultimately hurt the team. He said that running the race team turned from fun into a nightmare in a few months. He also didn’t have enough time to run Swan Energy, his oil and gas company, AND work to grow the race team. When the team expanded, everything took twice as much time, money and effort.