Report: Local Race Team To Be Sold - WSPA.com

Report: Local Race Team To Be Sold

Posted: Updated:
Spartanburg, SC -

The anticipated sale of Spartanburg-based Phoenix Racing will apparently go through by July 15th, according to a Florida newspaper report.

Team owner James Finch tells the Halifax Media Group that he's lined-up a prospective buyer for the team, which fields teams in both Sprint Cup and Nationwide Series, and he expects the sale to be completed by July 15. Indications are the team will finish out the current season as is.

Finch doesn't specifiy the prospective buyer but notes it's "someone with money" and that the individual has not been a NASCAR owner previously.

Phoenix Racing has registered one Sprint Cup Series victory, a thrilling triumph at Talladega by Brad Keselowski in 2009, and 13 Nationwide Series victories since it began operations in 1990 but has struggled to find a longterm sponsor and thus Finch has funded the operation primarily out of his own pocket. 

This season, the team has used four drivers in its Sprint Cup car but after a seventh place finish in the Daytona 500, with Regan Smith behind the wheel, it's had modest results on both circuits.

 

He indicated last month that he would cease operations by the end of July if a new sponsor or owner was not located.

  • Sports Top StoriesMore>>

  • Travelle Wharton Plans to Officially Retire on Tuesday

    Travelle Wharton Plans to Officially Retire on Tuesday

    Sunday, July 27 2014 11:13 PM EDT2014-07-28 03:13:10 GMT
    Wharton Set to RetireWharton Set to Retire
    Former Carolina Panthers and Cincinnati Bengals offensive lineman Travelle Wharton is retiring after 10 NFL seasons.
    Former Carolina Panthers and Cincinnati Bengals offensive lineman Travelle Wharton is retiring after 10 NFL seasons.
  • Panthers Tyler Gaffney Out For Season After Day One Injury

    Panthers Tyler Gaffney Out For Season After Day One Injury

    Saturday, July 26 2014 11:19 PM EDT2014-07-27 03:19:43 GMT
    Carolina PanthersCarolina Panthers
    Carolina Panthers rookie running back Tyler Gaffney will have season-ending surgery after tearing the lateral meniscus in his left knee.
    Carolina Panthers rookie running back Tyler Gaffney will have season-ending surgery after tearing the lateral meniscus in his left knee.
  • Panthers Camp Opens

    Panthers Camp Opens

    Saturday, July 26 2014 1:21 AM EDT2014-07-26 05:21:15 GMT
    The Panthers will host this year's fan fest on July 25th, with the gates opening at 5 pm.The Panthers will host this year's fan fest on July 25th, with the gates opening at 5 pm.
    The 20th Carolina Panthers Training Camp gets underway at Wofford Saturday at 6:30pm at Gibbs Stadium.
    The 20th Carolina Panthers Training Camp gets underway at Wofford Saturday at 6:30pm at Gibbs Stadium.
Powered by WorldNow

250 International Dr.
Spartanburg, S.C. 29303

Telephone: 864.576.7777
Fax: 864.587.5430
Email: webmaster@wspa.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.