SBD/Closing Bell

Confirmed: Finch Has Found Prospective Buyer For Phoenix Racing

Phoenix Racing GM Steve Barkdoll on Friday confirmed a report that James Finch, the NASCAR team's owner, "has found a prospective buyer" for the organization and "hopes to have the transaction complete by mid-July." Finch has fielded cars in NASCAR's top two series since '89. Barkdoll: "We're working on the final details" (NASCAR.com, 6/28).

The original report from the Panama City NEWS HERALD cites Finch as saying that the prospective buyer "passed muster in terms of the most necessary qualification" for owning the team. Finch said, "He's somebody who's got money" (Panama City NEWS HERALD, 6/28).
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