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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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GMS Racing reveals full-time driver-crew chief lineup, number assignments

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GMS Racing has announced its full-time driver-crew chief lineup for the 2020 Gander RV & Outdoors Truck Series season and number assignments for its trucks:

– Chad Norris has been named crew chief for Brett Moffitt and the No. 23 Chevrolet team. Moffitt drove the No. 24 in his first season with the team. Norris has been with GMS Racing for two years and directed the effort that delivered the team its 2018 Xfinity Series win at Talladega.

– Chad Walter will lead Tyler Ankrum and the No. 26 team. 2020 will be Ankrum’s first season with GMS Racing. Walter served as an engineer for Ankrum this season at DGR-Crosley. Walter has five wins and 42 top fives in 208 Xfinity Series starts as crew chief.

– Kevin “Bono” Manion is paired with Zane Smith on the No. 21 Chevrolet. 2020 will be Smith’s first full-time Trucks season after competing part-time for JR Motorsports in the Xfinity Series. Manion has 24 wins as crew chief across all three national series since 2003. He led Martin Truex Jr. to his two Xfinity Series titles.

– Jeff Stankiewicz will remain as the crew chief for the No. 2 team piloted by Sheldon Creed.

Social Roundup: How NASCAR drivers are spending their offseason

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NASCAR’s Champion’s week is now behind us and we are firmly in the offseason.

Well, sort of.

The NASCAR world never really stops, which is evident simply due to the continued announcements for the 2020 season.

But with Joey Logano testing the Next Gen car at Phoenix earlier this week and Dale Earnhardt Jr. helping clean up North Wilkesboro Speedway for iRacing, it’s been anything but quiet.

Here’s a look at what else happened in the NASCAR community this week.

Someone needs to check in on Jimmie Johnson, he could be in his own version of Mr. Mom.

Chris Buescher is home again.

The 2015 Xfinity Series champion is back at Roush Fenway Racing for the 2020 Cup season and he’s got the firesuits and cars to prove it.

Brad Keselowski recently became father to a second daughter.

He’s now learning some important life lessons.

Former Front Row Motorsports driver Matt Tifft is now off the market after getting married to his fiance, Jordan. Now they’re on their honeymoon.

 

Matt DiBenedetto showed off one of the perks of being a Wood Brothers Racing employee.

Ryan Blaney and Bubba Wallace went somewhere warm to start their holiday.

Joey and Caitlin Gase welcome twin sons

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Xfinity Series driver Joey Gase and his wife Caitlin are now parents to twin boys

The babies were born on Wednesday. Their names are Jace and Carson.

More: Brad and Paige Keselowski welcome second daughter

Silly Season Scorecard: Front Row Motorsports adds John Hunter Nemechek

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Front Row Motorsports filled one of the last major vacancies in the NASCAR Cup Series when it announced Thursday John Hunter Nemechek will compete for the team full-time in the No. 38 Ford.

With the announcement also came the news the team is retracting to two cars after fielding three in 2019.

As a rookie, Nemechek will have Michael McDowell as a teammate.

Here’s how the rest of NASCAR’s Silly Season has played out so far.

ANNOUNCED CUP RIDES FOR 2020

No. 00: Quin Houff will race for Star Com Racing full-time. Announced Nov. 27.

No. 1: Chip Ganassi Racing announced on Nov. 1 a multi-year extension with Kurt Busch.

No. 6: Roush Fenway Racing announced Oct. 30 that Ryan Newman would return to the car as part of the news that Oscar Mayer would sponsor the No. 6 through 2021.

No. 8: Richard Childress Racing made it official Oct. 2 that Tyler Reddick will move to Cup in 2020 and drive the No. 8 car.

No. 10: Aric Almirola confirmed Oct. 11 he signed an extension to race for Stewart-Haas Racing.

No. 13: Ty Dillon posted a video Sept. 6 on Instagram refuting rumors that he would retire after this season. He has a contract with Germain Racing through 2020.

No. 14: Clint Bowyer was announced Oct. 17 as returning to Stewart-Haas Racing for a fourth season.

No. 15: Brennan Poole will make his Cup debut and will drive for Premium Motorsports full-time. Announced Dec 11.

No. 17: Chris Buescher will take over the Roush Fenway Racing No. 17 ride in 2020 after the team announced Sept. 25 that it would part ways with Ricky Stenhouse Jr. after this season.

No. 20: Joe Gibbs Racing announced Sept. 6 that it had signed Erik Jones to an extension. It is a one-year extension for the 2020 season.

No. 21: Matt DiBenedetto replaces Paul Menard at Wood Brothers Racing (announcement made Sept. 10). DiBenedetto’s deal is for 2020 only.

No. 32: Corey LaJoie will return for a second straight full season with Go Fas Racing and the No. 32 Ford. The team announced on Nov. 1 it would enter a technical alliance with Stewart-Haas Racing next year.

No. 37: Ryan Preece moves over from the No. 47 to the No. 37. He will have a new crew chief, Trent Owens, who has been crew chief on the No. 37 for the past three seasons.

No. 38: John Hunter Nemechek replaces the now retired David Ragan for Front Row Motorsports. Announced Dec. 12.

No. 41: Stewart-Haas Racing announced Nov. 15 Cole Custer will replace Daniel Suarez.

No. 47: JTG Daugherty Racing announced Oct. 16 Ricky Stenhouse Jr. will join Ryan Preece at the two-car team, essentially swapping seats with Chris Buescher. On Dec. 2, the team announced Stenhouse will drive the No. 47, with Brian Pattie serving as his crew chief.

No. 95: Christopher Bell moves to Cup in 2020 and will drive for Leavine Family Racing (announcement made Sept. 24).

Rick Ware Racing: JJ Yeley will drive one of the team’s three full-time rides.

 

YET TO ANNOUNCE DEALS FOR 2020

Daniel Suarez — The driver revealed Nov. 14  he would not return to Stewart-Haas Racing in 2020 after one season driving the No. 41.

 

ANNOUNCED PLANS IN OTHER NASCAR SERIES

Xfinity Series 

Ross Chastain – Kaulig Racing announced Oct. 15 he would compete full-time for the team in 2020 driving the No. 10 Chevrolet, joining Justin Haley.

Joe Gibbs Racing — Announced Oct. 17 Harrison Burton will drive its No. 20 Toyota full-time in 2020. Announced Oct. 31 Brandon Jones would return for a third year in the No. 19. Revealed Nov. 5 it would field a third full-time entry with Riley Herbst in the No. 18.

JR MotorsportsJustin Allgaier will return to the team for a fifth year in the No. 7 Chevrolet. The No. 8 car will be driven by Daniel Hemric for 21 races, Jeb Burton 11 races and Dale Earnhardt Jr. for one race. Noah Gragson will also return for a second season in the No. 9 car, while Michael Annett returns for a fourth year with the team in the No. 1 car.

Richard Childress Racing — Will field a part-time car in the No. 21, which will be shared by Myatt Snider and Anthony Alfredo.

Stewart-Haas Racing – The team has not announced plans for the No. 00 Ford with Cole Custer moving to Cup or whether Chase Briscoe will return to the No. 98.

JD MotorsportsJesse Little will compete full-time for the team.

 

Truck Series

GMS RacingDriver lineup will include Brett Moffitt, Sam Mayer, Sheldon Creed and Tyler Ankrum

Kyle Busch MotorsportsRaphael Lessard will drive the No. 4 full-time while Christian Eckes will drive the No. 18 full-time.

Halmar Friesen Racing — Stewart Friesen will return for a third full-time season in the No. 52 Truck. The team will also switch from Chevrolet to Toyota Trucks in 2020.

Hattori Racing EnterprisesAustin Hill will return to the No. 16 Toyota for a second year.

Niece Motorsports: Ty Majeski will drive the No. 45 truck full-time, taking the place of Ross Chastain. Announced Dec. 10.

DGR-Crosley: Has not made any driver announcements, but will switch from Toyota to Ford. Announced Dec. 11.

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