Leavine Family Racing acquired the Sprint Cup ownership charter previously held by Tommy Baldwin RacingPHOTO BY LAT PHOTOGRAPHIC
Tommy Baldwin Racing will no longer field full-time cars in the NASCAR Sprint Cup Series following the Ford EcoBoost 400 on Sunday at Homestead Miami Speedway. In a corresponding move, TBR also sold its ownership charter to Leavine Family Racing.
“We felt that it’s time for a new chapter in our lives and we have sold our charter to a great group of people who will continue to guide our vision,”Baldwin wrote in a Facebook post.
“For the past eight years we’ve shown up at every race, worked hard to compete at the top level and bring value to our sponsors. I feel confident that we are moving on having accomplished that. There have been many teams like ours that have come and gone. I’m proud that we have been able to sustain ourselves from the very beginning. So what’s next?
“Well, we’re not 100 percent sure. We are going to work hard to get the best possible results in Miami, take a little family time and then figure out the rest. So, stay tuned – announcements will be forthcoming.”
The charter transaction goes into effect immediately, meaning that TBR driver Regan Smith will have to qualify his way into the race. Michael McDowell in the LFR No. 59 will have a guranteed spot as will Ty Dillon in the Circle Sport Leavine Family Racing No. 95 entry.
LFR needed a charter because its one-year merger with Circle Sport Racing and team owner Joe Falk was essentially over after this weekend. NASCAR viewed the merger as a charter lease which teams can only do once every five years.
Team owner Bob Leavine says the acquisition was the next step for the evolution of his team.
“Leavine Family Racing is committed to continued growth on and off the race track,” Leavine said. “The charter is a meaningful step forward for our team and provides us further stability as we look towards success in 2017 and beyond. We are confident that the purchase of the charter and continued improvement on the track will lead to increased revenue opportunities.”