Nascar Race Today

Swan Racing is re-evaluating its two-car venture in NASCAR's premier series after sponsorship failed to materialize.

The Sprint Cup team, which has fielded Toyotas for rookies Parker Kligerman and Cole Whitt, released a statement Thursday that said Swan was "in the process of reviewing its current situation and the ability to continue to compete in the NASCAR Sprint Cup Series. The team has been unable to secure the kind of sponsorship required to effectively operate the team. 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."

Swan expanded to two cars for its second full season in Cup. It made a splash for the season-opening Daytona 500 by announcing an associate sponsorship deal with SMS Audio, a consumer electronics and headphones manufacturer founded by rapper Curtis "50 Cent" Jackson.

But it's been a rough season since then for Swan, whose drivers each were involved in multiple wrecks during Speedweeks at Daytona International Speedway.

Whitt is ranked 33rd in points with a season-best 18th at Auto Club Speedway. Kligerman hasn't placed higher than 29th at Daytona and hasn't finished four races. He is ranked 38th in the standings.

Swan Racing is owned by oil and gas entrepreneur Brandon Davis, who largely has funded it out of his pocket since buying the team late in the 2012 season.

Curtis "50 Cent" Jackson joined drivers Parker Kligerman, left, and Cole Whitt, right, during Daytona 500 Speedweeks in February.(Photo: Jared C. Tilton, Getty Images)