Saturday , July 26 2014
Home / Sprint Cup / Swan Racing Announces Restructuring, No. 26 & No. 30 “Sold” Off
Swan Racing Announces Restructuring, No. 26 & No. 30 “Sold” Off
Cole Whitt’s No. 26 car will merge with BK Racing, effective this week as part of a Swan Racing restructuring that keeps both cars on track — just with different ownership.

Swan Racing Announces Restructuring, No. 26 & No. 30 “Sold” Off

After a week of uncertainty, Swan Racing’s two teams will show up at Richmond Friday night after a combination of mergers and acquisitions have kept the two teams up and running. The moves, announced in a press release Wednesday will keep rookie Cole Whitt behind the wheel of the No. 26 while J.J. Yeley moves into the No. 30, replacing Parker Kligerman effective immediately.

Cole Whitt’s No. 26 car will merge with BK Racing, effective this week as part of a Swan Racing restructuring that keeps both cars on track — just with different ownership.

Cole Whitt’s No. 26 car will merge with BK Racing, effective this week as part of a Swan Racing restructuring that keeps both cars on track — just with different ownership.

Cole Whitt’s No. 26 car will merge with BK Racing, effective this week as part of a Swan Racing restructuring that keeps both cars on track — just with different ownership.

The solution for Whitt was rather simple: Swan co-owner Anthony Marlowe merged his portion of ownership into a deal with BK Racing. That team will now expand to three cars, with Whitt running full-time (for now) alongside fellow rookies Alex Bowman (No. 23) and Ryan Truex (No. 83). The move will also keep former Swan employees working full-time, rehired by BK as enough money was gathered up to keep the No. 26 up and running. Whitt, who has a best run of 18th this season (Fontana) will remain competing with his crew essentially intact.

“I respect Brandon Davis and everything he has done for the Swan Racing Company,” said Marlowe in the release. “Looking forward, my mission is to ensure Cole Whitt races in every NASCAR Sprint Cup event this season. My friend Ron Devine and the BK Ownership group really stepped up to enable me to keep the No. 26 on the track. Cole and Randy [Cox, crew chief] are off to an auspicious start in 2014 for a new Cup Team and we are gearing up for Richmond. In addition to the No. 26 team’s performance so far this year, the new ‘win and you’re in’ system and qualifying rules were motivating and positive factors in my continued investment inNASCAR.”

As for Swan’s No. 30, the equipment has been sold to Johnathan Cohen and his Xxxtreme Motorsports operation. That team, which has yet to make a race this season with J.J. Yeley will now run that No. 30 with their own Chevys before switching to the new Swan equipment (plus their old number, 44) beginning at Talladega. It’s an opportunity for them to gain speed and perhaps run a full race. Xxxtreme, with patchwork funding has yet to run more than 66 laps in any Cup event, start-and-parking in every race it’s made since making a go at NASCAR’s top level in mid-2012.

“We’ve had a lot of adversity in our organization,” Cohen tweeted after the purchase. “But today, made a big step in the right direction.”

Co-owner Brandon Davis, who had been MIA before Tuesday’s public announcement praised both Marlowe and Cohen in helping keep the equipment, former employees, and one of his two drivers afloat while Swan searches for funding to keep racing.

“Anthony and Jonathan are both young and ambitious NASCAR enthusiasts,” he said in a statement, later reiterating those points on SIRIUS XM Radio. “It is important to keep them in the sport for the long term. I am very relieved to know that the Nos. 26 and 30 teams will be in good hands and will continue to compete the remainder of the 2014 NASCAR Sprint Cup Series season. Most importantly, most of the team members have the opportunity to continue their employment in the sport and to support their families. This was critically important to me.”

So what happens to Swan’s other rookie, Parker Kligerman? Davis has retained Kligerman’s contract, and while the team has officially suspended operations he’s actively searching for funding to get the No. 30 back on track. Should it happen, it’ll be a one-car program with Kligerman at the wheel despite an ugly start that left the first-year driver 38th in series points.

“We are encouraged by the response we have received from interested parties,” Davis said of Kligerman. “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 [18th at Texas], and we are certain of his success in the future.”

The driver, in his response left the door open to run for other programs. Swan, which has partnered with celebrities like the NFL’s Bill Romanowski and rapper 50 Cent may be able to parlay those connections into funding that gets Kligerman into another car in the meantime.

“Although it’s unfortunate we are having to scale back, I look forward to the future and the exciting things that I’m confident we will accomplish at Swan Racing or with another team,” said Kligerman. “I value the relationship that I’ve had with Brandon Davis and am very grateful for him giving me an opportunity to compete in theNASCAR Sprint Cup Series. Whether I continue to race with Brandon and Swan Racing or end up with another team, I will always give it my all on and off track to be the best I can be.”

About Tom Bowles

Tom Bowles
The author of Bowles-Eye View (Mondays) and Did You Notice? (Wednesdays) Tom spends his time overseeing Frontstretch’s 30 staff members as its majority owner. Based in Philadelphia, Bowles is a two-time Emmy winner in NASCAR television and has worked in racing production with FOX, TNT, and ESPN while appearing on-air for SIRIUS XM Radio and FOX Sports 1's former show, the Crowd Goes Wild.