Phoenix Racing owner James Finch says he has sold his NASCAR Sprint Cup squad, including its race shop in Spartanburg, S.C., to a new ownership group. Finch said he will continue to run the team through September's race at Richmond.
“It's just time to do something else,” Finch told NASCAR.com. “I've been doing it all my life. It's time to do something else. I just wasn't going to go broke doing it. Sponsorships are really tough to come by. I didn't want to lose everything I've got trying to outrun Ford Motor Company, you know?”
Finch declined to reveal the name of the buyer, saying he would leave it up to the new ownership to make an announcement.
Phoenix Racing has competed in NASCAR's Cup and Busch/Nationwide series since 1989. The team has 13 wins in the second-tier division, and one Sprint Cup Series victory, with Brad Keselowski at Talladega in 2009. It has fielded several drivers in its No. 51 Cup entry this season, including AJ Allmendinger (ABOVE), Bobby Labonte and Regan Smith.