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Swan Racing sells cars and releases drivers, leaving Kligerman without a ride

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After announcing their problems with sponsorship and other issues late last week, on April 23, Swan Racing announced that they had successfully restructured the company by effectively selling off both teams, and leaving driver Parker Kligerman with an uncertain future in the sport. This arrangement will help to maintain the current level of competition fans have come to expect in the NASCAR Sprint Cup Series, but may be a sign of further economic woes in the world of motorsports.

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"Fortunately, we were able to find a home for the No. 26 team and the No. 30 team thanks to Anthony Marlowe and Jonathan Cohen respectively," stated Swan Racing owner Brandon Davis. "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 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."

Under the arrangement brokered by Davis, the No. 26 will now race under the BK racing banner, with owner Anthony Marlowe.

"I respect Brandon Davis and everything he has done for the Swan Racing Company," said Marlowe. "Looking forward, my mission is to ensure Cole Whitt races in every NASCAR Sprint Cup event this season. I am thrilled about the No. 26 team merger with my new partners at BK Racing. 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 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 in NASCAR."

Rookie of the year contender Cole Whitt will remain behind the wheel of the No. 26, and has high hopes for his first full season in the Sprint Cup.

"I'm grateful for the opportunity Anthony Marlowe is giving me to continue the NASCAR Sprint Cup season," said Whitt. "I want to thank Brandon Davis and everyone at Swan Racing for the opportunity they gave me to race for the team."

The No. 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 JJ Yeley. Stephen "Bones" Lane will serve as crew chief and be joined by several other former Swan Racing crew members.

"I've always had a good relationship with Brandon and always said if we can help each other or work together when the time is right that we should do it," said Cohen.

Driver Parker Kligerman remains under contract with Swan Racing, which will seek to identify options for him to get back on track.

"Swan Racing is exploring any and all options to keep Parker Kligerman on track throughout the season," Davis continued. "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."

As a driver with more than a couple years in the Cup Series,. Kligerman understands the complex nature of the racing business.

"I value the relationship that I've had with Brandon Davis and am very grateful for him giving me an opportunity to compete in the NASCAR Sprint Cup Series," said Kligerman. "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."

Of course, Swan Racing is not alone in their economic woes during the 2014 season. ARCA Racing hopeful Josh "White Lightning" White was able to get his approval to race at the Daytona International Speedway, only to have his hopes dashed when his sponsorship fell through.

"I just hope that everyone gets something going. Something is better than nothing, trust me on that," stated White. "I don't have any sponsors for 2014, and if I had enough sponsorship to do a partial season I would consider myself really blessed. I wish everyone at Swan Racing good luck, as well as others in motorsports that is having a tough time securing deals that they need to continue they're racing career."

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