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Swan Racing 'reviewing its current situation'

April 17, 2014, Kenny Bruce,

Two-car team says it is 'unable to secure the kind of sponsorship' needed

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Due to an inability to secure the necessary funding, Swan Racing officials say they are reviewing the organization's financial situation and its ability to continue to field two full-time teams in the NASCAR Sprint Cup Series.

Whether the organization returns to competition when the series is back on track next weekend at Richmond International Raceway has yet to be determined.

"The team has been unable to secure the kind of sponsorship required to effectively operate the team," the team said in a statement issued Thursday. "As a result, the team management is exploring every available option. We hope to be in a position to provide a detailed update in the near future."

Swan Racing debuted in 2012 as a single-car operation with owner Brandon Davis and driver David Stremme.

For 2014, the group expanded to two teams, fielding the No. 30 Toyota for driver Parker Kligerman as well as the No. 26 with driver Cole Whitt.

Kligerman and Whitt are two of eight drivers vying for Sunoco Rookie of the Year honors.

Davis is CEO of Swan Energy, an independent oil and gas company based in Denver. The group added minority owner Bill Romanowski, a former NFL linebacker, prior to the start of the 2013 season while Anthony Marlowe, co-founder of business process outsourcing company TMone, came on board earlier this year.

Minutes after the team release came out, Marlowe tweeted:

Whitt has a top finish of 18th this season at Auto Club Speedway, and is 33rd in points through the season’s first eight races. His team, led by crew chief Randy Cox, carried sponsorship from Speed Stick Gear for the opening four races while Swan Energy has funded the entry for the past four events.

Lending Tree sponsored Kligerman's No. 30 Toyota for the season-opening Daytona 500 and Aria Hotels/Black Clover apparel at Las Vegas. The entry was self-funded through Swan Energy for four races while SMS Audio, of which rap artist 50 Cent is majority owner, was on the car for the last two events.

Kligerman has a best finish of 29th at Daytona, and is 38th in points. Steven Lane, competition director for Swan Racing, has served as crew chief for the No. 30 entry.

On Friday, Kligerman didn't address the situation specifically on Twitter but said that he was "focused forward."

Swan Racing competed full time in 2013, with five drivers behind the wheel for at least one race -- Stremme (25), Whitt (7), Kligerman (2), Michael Waltrip (1) and Kevin Swindell (1).


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