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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 America: What makes Kyle Busch so good at Bristol?

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Kyle Busch swept all three national series at Bristol Motor Speedway in August 2010. The next spring, he won both the Truck and Cup series. That five-race winning streak is part of a remarkable 21 victories on this track.

Last August, he swept the three national series at Bristol again.

Busch’s numbers at Bristol are nothing short of amazing – and they include back-to-back wins in the last two Cup races.

But what makes him so good?

“It’s because he’s an amazing driver,” Dale Earnhardt Jr. said.

“(Busch is) a guy who can make an amazing difference behind the wheel and so when you go to a track that needs a talented driver to be able to get around it, he’s a guy that takes advantage of his own skill,” Earnhardt continued. “You have to apply that to the short track. All the guys that do well at short tracks are drivers. They’re real, real men.

“They came from racing short tracks and honing those abilities … have the patience, the judgment, the decision-making ability, but also the raw speed to be able to set up their cars the way they need to be all night long.”

On a track where laps are completed in less than 15 seconds, drivers are constantly in traffic. Busch’s ability to navigate through slower cars is another key to his success, according to Kyle Petty.

“Bristol is a rhythm racetrack. … Kyle is a rhythm driver,” Petty said. “When he gets in a rhythm, you watch him when he runs – he catches lapped traffic; he disposes of them. He doesn’t spend a lot of time breaking his rhythm and having to start again.”

For more, watch the video above.

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Kaulig Racing to field second entry in Indianapolis Xfinity race

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Kaulig Racing will field a second entry for the first time in its three-year history in the Sept. 8 Xfinity race at Indianapolis Motor Speedway, team owner Matt Kaulig told NBC Sports.

The entry, the No. 10 Chevrolet, will join the No. 11 that is driven by Ryan Truex. The No. 10 will be driven by a “big driver.”

The news comes after Kaulig Racing earned its first top-five finish last week at Mid-Ohio, where Truex finished fifth. It came in the team’s 87th Xfinity start and was in Kaulig’s home state of Ohio, where his company, Leaf Filter Gutter Protection, is headquartered.

“It’s very (significant), it shows how our organization is growing,” Kaulig said. “A lot of these teams are getting smaller, are cutting people, are just cutting back and we’re growing. We’re just getting started. When you look at a team like ours, that’s just two-and-a-half years in, it’s all upside, it’s all of our great stuff that’s ahead of us. Not behind us. We just want to win trophies.”

The addition of a second car for the Indianapolis race follows the team building a 15,000-square foot addition onto its shop, which is located in Welcome, North Carolina, on the campus of Richard Childress Racing.

Kaulig’s time in NASCAR began as a sponsor of Blake Koch in 2015 when he drove for TriStar Motorsports.

Through 21 races, Truex is eighth in the point standings and has nine top 10s in addition to his first top five.

NASCAR America at 5 p.m. ET: Wild Bristol moments, #WednesDale

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Today’s episode of NASCAR America airs from 5-6 p.m. ET on NBCSN with a look back at some of Bristol’s wildest moments.

Dale Earnhardt Jr. hosts with Marty Snider and Kyle Petty joining him at the Big Oak table.

On today’s show:

  • The panel will discuss Xfinity Series driver Elliott Sadler’s decision to end his full-time career following the 2018 season. Sadler is currently second in Xfinity Series points and drives for Dale Earnhardt Jr. at JR Motorsports.
  • Dale Jr. weighs in on NASCAR’s invitation to Fernando Alonso to compete in next year’s Daytona 500.
  • Fans can ask Dale Jr. and our panel questions by using #WednesDale.

If you can’t catch today’s show on TV, watch it online at http:/nascarstream.nbcsports.com. If you plan to stream the show on your laptop or portable device, be sure to have your username and password from your cable/satellite/telco provider handy so your subscription can be verified.

Once you enter that information, you’ll have access to the stream.

Click here at 5 p.m. ET to watch live via the stream.

Dale Earnhardt Jr. to serve as honorary pace car driver for Brickyard 400

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Fans will get to see Dale Earnhardt Jr. in a car going around Indianapolis Motor Speedway next month, it just won’t be going very fast.

Earnhardt, who serves as a NASCAR analyst for NBC Sports, has been announced as the honorary pace car driver for the Sept. 9 Brickyard 400.

The race, which was held in July for its last 11 runnings, will be the regular-season finale for the Cup Series for the first time.

Earnhardt will drive a 2018 Camaro ZL1.

“I am honored that Chevrolet asked me to drive the Camaro ZL1 Pace Car in one of the biggest races of the year,” Earnhardt said in a press release. “The fan in me was already looking forward to this event. It’s a big race. There is a lot at stake since it’s the final chance for the teams and drivers to make the playoffs. So, I hope to do a good job leading the field to the green flag, but I can promise you I’ll soak in every minute and enjoy the Brickyard in a way I never have before.”

Earnhardt made 17 starts in Indianapolis between 2000-17, with a best finish of fourth in 2012 among his five top-10 finishes.

Fans will be able to see Earnhardt drive a little bit faster two weeks later. Earnhardt will compete in the Sept. 22 Xfinity race at Richmond Raceway. It will be his first race since retiring from full-time Cup competition at the end of 2017.

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