Phoenix Racing has been sold, according to team owner James Finch in a report from the News Herald. Finch announced the sale on Wednesday but declined to name the buyer, saying that the new owner preferred to make an announcement of his own either Friday or Monday.
Finch said that he will assist the new owner through the Sprint Cup race at Atlanta on Sept. 1. That race will mark the end of Finch’s 23-year run as a Sprint Cup and Nationwide team owner.
“They wanted the help,” Finch said. “They’ve never run any Cup races or anything like that, so I’m going to help them. I don’t want to say a whole lot. They’ve got a sponsorship and a driver they want to introduce later in the year.”
Allmendinger is scheduled to run the No. 51 at Indianapolis Motor Speedway, and we expect the new owner’s announcement will talk of who will drive the car for the remaining races this season.