Harry Scott Jr. has reached an agreement to purchase Phoenix Racing from James Finch.
Scott will take over control of the Sprint Cup team on Sept. 10 and use Justin Allgaier behind the wheel of the No. 51 Chevrolet at Chicago. Allgaier will also drive at Charlotte and Talladega with sponsorship in all three races from Brandt.
Scott will continue as a partner with Nationwide Series team Turner Scott Motorsports. Allgaier is running for the Nationwide title driving for Turner Scott.
Phoenix Racing was established by Finch in 1989. Its lone win was at Talladega in 2009 with Brad Keselowski.
Scott has promised Finch to keep the Phoenix Racing team intact for the remainder of the season. Steve Barkdoll will stay on as general manager after Scott takes over.