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 ago, BK Racing took out a bank loan of $9,000,000 to fund operations of a NASCAR Cup Series team. As they continued to operate, […]
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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 ahead of the 2018 Daytona 500. Soon after, the courts appointed a trustee, Matthew Smith in charge of team. Smith has operated BK Racing since […]
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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 […]
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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 control of BK Racing BK Racing will now be operated by a trustee following a court ruling on Wednesday. U.S. District Court Judge J. […]
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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, the courts ruled that BK Racing would be allowed to continue operations through the west coast swing. A hearing was sent once the team […]
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