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Harry Scott finalizes purchase of Phoenix Racing, Justin Allgaier to drive at Chicago

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Justin Allgaier will make his Cup debut at Chicago. (Getty)

Harry Scott has officially become the new owner of Phoenix Racing effective September 10 and Justin Allgaier will drive for the team at Chicago, its first race under new ownership.

"This is a very proud day for me as I will have the opportunity to compete against the best teams in motorsports in the NASCAR Sprint Cup Series as the owner of Phoenix Racing," Scott said in a release. "I am going to build a championship contender with hard work, the right people and the right partners. This team has a great foundation thanks to the efforts of James Finch. There is a lot to build upon and I am looking forward to getting started."

In addition to Chicago, Allgaier will also drive the No. 51 at Charlotte and Talladega. No driver was announced for the other races. Allgaier will be sponsored by Nationwide Series sponsor Brandt. The first race of the Chase will be Allgaier's Sprint Cup Series debut. The Illinois native is currently fifth in the Nationwide Series standings.

Scott is co-owner of Turner -Scott Motorsports, the team that Allgaier drives for in the Nationwide Series. It also fields full-time entries for Kyle Larson and Nelson Piquet Jr. (If Larson is announced as the next driver of the No. 42 Saturday, could we see him in the No. 51 later this season?)

According to the release, Scott says he'll keep the team intact until the end of the season. This season, Phoenix has used eight drivers and Bobby Labonte is scheduled to be in the car this weekend at Atlanta.

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