NASCAR Cup Series team to be sold by August 20th due to bankruptcy – NASCAR Xfinity team expected to place competing bid against current team owner
BK Racing visited bankruptcy court last Thursday to set terms of a possible sale. The sale of the team and or assets will be used to pay off debt accumulated by the NASCAR team from unpaid loans.
Read MoreU.S. District Court Judge has placed a Charlotte based business management consultant company in control of the NASCAR Cup Series team
Ron Devine has lost operating control of BK Racing
BK Racing will now be operated by a trustee following a court ruling on Wednesday.
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Read MoreToday, BK Racing filed for chapter 11 bankruptcy
BK Racing is scheduled to start their first race of the 2018 NASCAR racing season tonight. They are scheduled to start last in the second of two Daytona Duels.
The Daytona 500 field is set at 40 cars and exactly 40 cars are registered for Sundays event in Florida.
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