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 $44,295,884. The team was then taken over by the courts and sold to pay off the debt. Following the 2018 season, BK Racing closed […]
Read MoreThe 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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