Swan Racing Restructures

Swan Racing announced it has successfully restructured the company by finding solutions for the #26 and #30 teams in an attempt to save the jobs of the crews, the drivers, and to keep those teams competing throughout the 2014 NASCAR Sprint Cup Series. As a result, Anthony Marlowe has merged his ownership of the #26 team into BK Racing, effective immediately. Cole Whitt will remain behind the wheel of the #26. The #30 team has been sold to John Cohen of XxxTreme Motorsports, which will operate the team going forward and intends to compete with veteran driver J.J. Yeley. Stephen "Bones" Lane will serve as crew chief and be joined by several other former Swan Racing crewmembers. Driver Parker Kligerman remains under contract with Swan Racing, which will seek to identify options for him to get back on track. Team owner Brandon Davis issued the following 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 #26 team and the #30 team thanks to Anthony Marlowe and Jonathan Cohen respectively. "Anthony and Jonathan are both young and ambitious NASCAR enthusiasts. It is important to keep them in the sport for the long term. I am very relieved to know that the #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. 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.(Swan Racing PR)