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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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 the court system. They were under fire from a host of creditors who all-together represent nearly $10 million in debt for the team. Ahead […]
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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 lawsuit in North Carolina, against BK Racing. They say the NASCAR team owes them a substantial amount of money, originally at $9.1 million. Two […]
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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 that Union Bank & Trust was seeking two NASCAR Charters. Those Charters were used as collateral to loans to BK Racing. However, Ron Devine […]
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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 to ever compete in NASCAR’s top series next weekend in the Toyota/Save Mart 350 driving the BK Racing No. 23 EarthWater Limited Toyota Camry. […]
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