Former NASCAR team owner charged
“Devine caused BK Racing to fail to account for and pay over hundreds of thousands of dollars in payroll taxes.” Federal charges have been filled against…
Former NASCAR team owner ordered to pay $31M
Judge orders Ron Devine to pay back $31M following BK Racing bankruptcy BK Racing is a former NASCAR Cup Series team that ran up debts totaling…
BK Racing sale funds due to be distributed
The NASCAR Cup Series team ran up debt of $44,295,884 before being taken over by the courts and sold to pay off the debt Several years…
Matt DiBenedetto will part ways with Go Fas Racing for 2019
Matt DiBenedetto is taking a ‘leap of faith’ Matt DiBenedetto tosses himself into NASCAR silly season Matt DiBenedetto made his NASCAR Cup Series debut in 2015.…
NASCAR teams have placed bids for BK Racing assets
Front Row Motorsports placed the winning bid for the majority of the assets BK Racing has accumulated debt totaling $44,295,884 BK Racing filed for bankruptcy just…
BK Racing sale procedures approved by bankruptcy court
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…
NASCAR team for sale
Matthew Smith is in negotiations to sell the NASCAR Cup Series team A sale of BK Racing is more complicated than the typical sale of a…
Bankrupt NASCAR team will now be operated by a trustee
U.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…
BK Racing hearing continues
The bank is looking for a trustee to be put in place to essentially take over operations of the team and collect debts In late February,…
BK Racing owes millions to the IRS, according to a new IRS filing
The IRS has filed paperwork with the courts detailing millions in unpaid taxes, penalties and interest BK Racing has just been allowed to continue racing by…
Courts allow BK Racing to continue through West Coast races
BK Racing has been temporarily allowed to continue racing Just ahead of the Daytona, BK Racing filed for chapter 11 bankruptcy. The bankruptcy filing stalled a…
BK Racing might need to cease operations
Court set to determine what the team can do with Daytona 500 earnings; Parts suppliers want guaranteed payments Just ahead of the Daytona 500, BK Racing…