BK Racing to be sold to satisfy creditors

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CHARLOTTE, N.C. — BK Racing will be sold, the court-approved trustee operating the team said after a hearing Tuesday. Discussions are underway.

“We’re selling a race team, we’re not just selling a charter,’’ said Matt Smith, the trustee operating the team while it is in Chapter 11 bankruptcy. “So the charter is the largest asset in this case but it’s not the only asset. This is a viable race team and we’re trying to prove that each and every week. We’re meeting obligations of NASCAR by showing up and competing in good faith.

“This isn’t just a liquidation. What brings the best result to all creditors is the sale of a race team not just the sale of an asset.”

Smith would not reveal any potential suitors but said: “We’re looking at buyers that we would think do right by this team, that would be good for NASCAR, good for creditors and good for the employees. We’re looking for the right buyer that has the right offer for this team.”

Smith said that there have been conversations with “parties about their interest and trying to understand what their interest is and how they might be interested in putting an offer together.”

Any sale would have to be approved by the court and the trustee would have to show that he got the best price for the sale. Smith had no timetable for when the sale could be completed but said it would be “as soon as it is practical and works for the buyers and works for the requirement of the bankruptcy court.” Smith said that any buyer would get the team and not the liabilities the team faces.

“I think there needs to be a change in ownership in the team, and I think this process will do that,” Smith said. “I’m working really, really hard to make sure we get the right outcome for this team.”

Ron Devine was among those who started the team. BK Racing made its Cup debut in 2012. Devine had been a part of the ownership since. With mounting bills, including $9.25 million owed to Union Bank & Trust, BK Racing filed for Chapter 11 bankruptcy on Feb. 15, three days before the Daytona 500. Devine said he made the filing to keep the bank from taking control of the team’s charter and selling it to reclaim money from loans owned.

Smith was approved by the court on March 28 to take over as trustee and operate the team, relieving Devine of his duties.

Gray Gaulding has driven the team’s No. 23 car all season. Gaulding finished 31st Sunday at Michigan International Speedway. The team is 35th in the car owner standings and ranks ahead of only one other team that has a charter.

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NASCAR shares prayers for Stewart-Haas Racing engineer

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FORT WORTH, Texas — The NASCAR garage is sharing its prayers for Stewart-Haas Racing engineer DJ VanderLey, who was injured Thursday night in a crash during a micro sprint Outlaw race at the Texas Motor Speedway dirt track.

He suffered several fractured vertebrae and has a spinal cord injury, according to a post from his wife Jordan on her Facebook page. 

Two GoFundMe accounts have been set up to help the family with medical costs. 

VanderLey was Chase Briscoe’s engineer for four years, and they are good friends.

“I hate that it happened to anybody,” Briscoe said Saturday at Texas Motor Speedway, “but for it to hit close to home has definitely been tough for me.”

Briscoe said he planned to visit VanderLey in the hospital on Saturday and that “I just hope that everybody continues to pray. That’s really all we can do at this point, trying to hope he gets better.”

Christopher Bell calls VanderLey among his best friends. VanderLey was Bell’s engineer at Kyle Busch Motorsports in 2016. 

Bell spent the night at the hospital and also picked up Jordan VanderLey at the airport when she arrived. 

Stewart-Haas Racing had a decal for VanderLey on Riley Herbst‘s No. 98 Xfinity car for Saturday’s race.

Starting lineup for Texas Cup race: Brad Keselowski wins pole

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Brad Keselowski will be at the front of the field to start Sunday’s NASCAR Cup Series playoff race at Texas Motor Speedway (3:30 pm ET, USA Network).

Keselowski, who is not a part of the 12-driver playoff group, won the pole Saturday afternoon with a speed of 188.990, edging Joey Logano‘s 188.805.

MORE: Texas Cup starting lineup

The race is the first of three in the second round of the Cup playoffs. Round of 12 races will follow at Talladega Superspeedway Oct. 2 and the Charlotte Motor Speedway Roval Oct. 9.

MORE: Waffle House a headquarters for race winners

Also starting in the top five Sunday will be William Byron, Tyler Reddick and Michael McDowell.

Brad Keselowski wins Cup pole at Texas Motor Speedway

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Brad Keselowski, hoping to extend Roush Fenway Keselowski Racing’s turnaround, won the pole Saturday for Sunday’s NASCAR Cup Series playoff race at Texas Motor Speedway.

It was the second piece of good news for RFK Racing in two weeks. Chris Buescher,  Keselowski’s teammate, won last week’s race at Bristol Motor Speedway, the first victory for the team under the RFK banner.

Keselowski, who ran 188.990 mph, is not a part of the 12-driver playoff group. Nine of the first 14 starting positions were filled by playoff drivers.

MORE: Texas Cup qualifying results

Following in the top five Saturday were Joey Logano, William Byron, Tyler Reddick and Michael McDowell. Playoff point leader Chase Elliott will start sixth.

“Texas is a really tough track,” Keselowski told NBC Sports. “As hot as it’s going to be, that will be even tougher.”

Race-time temperatures are expected to be in the mid-90s Sunday.

The race (3:30 p.m. ET), the first event in the second round of the playoffs, will be televised by the USA Network.

Sunday Texas Cup race: Start time, TV info, weather

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The first race in the second round of the NASCAR Cup Series playoffs is scheduled Sunday at Texas Motor Speedway.

Twelve drivers are racing for eight spots in the next round. Chase Elliott leads the standings by 15 over Joey Logano entering Sunday’s 500-mile event, the only Cup points race at TMS this year. Ryan Blaney, who is in the playoff group, won the All-Star Race at the track in May.

Chase Briscoe, Alex Bowman, Daniel Suarez and Austin Cindric are below the cutline entering the 3:30 p.m. ET (USA Network) race.

MORE: Big race celebration? Try Waffle House

The playoffs will continue at Talladega Superspeedway (Oct. 2) and the Charlotte Motor Speedway Roval (Oct. 9).

Details for Sunday’s Cup race at Texas Motor Speedway:

START: The command to start engines will be given by “Top Gun: Maverick” actors Jay Ellis and Lewis Pullman at 3:38 p.m. (ET) … Green flag is scheduled to wave at 3:49 p.m.

PRERACE: Cup garage opens at 12:30 p.m. … Driver introductions are at 3 p.m. … The invocation will be given by Bret Shisler of Texas Alliance Raceway Ministries at 3:30 p.m. … The 1st Cavalry Division Band will perform the anthem at 3:31 p.m.

DISTANCE: The race is 334 laps (501 miles) on the 1.5-mile speedway.

STAGES: Stage 1 ends at Lap 105. Stage 2 ends at Lap 210.

MORE: Ryan Blaney’s team to appeal penalty

TV/RADIO: USA Network will broadcast the race at 3:30 p.m. Countdown to Green begins at 2:30 p.m. on USA Network. The post-race show will air on USA Network. … Performance Racing Network coverage begins at 2:30 p.m. and also will stream at goprn.com. SiriusXM NASCAR Radio will carry the PRN broadcast.

STREAMING: NBCsports.com

FORECAST: Weather Underground — Partly cloudy skies. High of 96 with a 5% chance of rain.

LAST TIME: Kyle Larson won by .459 of a second over William Byron last October. Larson led 256 of the race’s 334 laps.

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