NASCAR Cup Series owner Bob Leavine is selling Leavine Family Racing, he announced Aug. 4.
The team, which currently runs the No. 95 Toyota of Christopher Bell, will depart after the 2020 Cup season.
”It’s with great sadness today that I announce the sale of the Leavine Family Racing team, assets and charter,” Leavine said in a statement. “Since 2011, Sharon and our entire family have enjoyed being a part of the NASCAR community with Matt DiLiberto joining the family as a co-owner in 2016. We will say goodbye at the conclusion of the 2020 NASCAR Cup Series season.
”This decision has not been made lightly. Family has always been a part of the team’s name and this is how we view every member of our race team — as our family. There is no good time to make this announcement, but doing it earlier allows our people to explore employment opportunities, for next season, to provide for their families. There will be opportunities with the new owners which was important to our decision.
”This year has been challenging for not only our race team, but our industry, our country and the entire world. The pandemic has impacted our economy and unfortunately that’s just not something we are able to overcome in order to continue racing beyond this season.”
— LeavineFamilyRacing (@LFR95) August 4, 2020
It is not yet known who will take ownership of the team.
Toyota referenced LFR’s departure in a statement later in the day.
— Toyota Racing (@ToyotaRacing) August 4, 2020
Bell has one top five and five top 10s so far in his rookie season.