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Swan Racing facing sponsorship woes

(AP Photo/Chuck Burton)

(AP) -- Swan Racing is reviewing its ability to compete in NASCAR because of difficulty securing corporate sponsorship for the two-car operation.

Swan Racing owner Brandon Davis, the CEO of independent oil and gas company Swan Energy, bought the organization in late 2012. Cole Whitt drives the No. 26 Toyota Camry and Parker Kligerman drives the No. 30 Toyota Camry for Swan in the Sprint Cup series.

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

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