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…
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…
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…
Bank requests the court to seize all assets of NASCAR team
Bank claims ownership of two NASCAR charters; asks court system to seize every asset of the team Back in November, Union Bank & Trust opened a…
Lynch Racing Co purchases stake in BK Racing
The Lynch Racing Co. acquires Iowa City Capital Partners’ position in the Monster Energy NASCAR Cup Series team BK Racing Earlier this week, it was announced…
Alon Day NASCAR Start – First Israeli NASCAR Driver
Israeli, Alon Day is set to make NASCAR debut in one of the best looking racecars this season Alon Day will become the first driver from Israel…