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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: Scan All from Michigan International Speedway

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It was another Cup race and another win for Kevin Harvick Sunday at Michigan International Speedway.

The Stewart-Haas Racing driver scored his series leading seventh win of the season after sweeping each stage.

Relive the race with the latest edition of Scan All from NASCAR America.

Here are some highlights.

Watch the above video for more.

PRN reporter Wendy Venturini to return at Bristol, still recovering from injuries

Wendy Venturini
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Wendy Venturini will return to her duties at the Performance Racing Network this weekend at Bristol Motor Speedway, almost two months after being struck by a car while running in Novato, California.

Venturini made the announcement in a surprise appearance Tuesday on SiriusXM NASCAR Radio’s “Tradin’ Paint.”

She had been in California to be a pit reporter for PRN’s radio broadcast of the Cup race at Sonoma Raceway.

Among the injuries Venturini suffered in the incident were a skull fracture and a concussion.

“I’m looking forward to it,” Venturini said of the upcoming race weekend. “It’s been a long two months and I’m not 100 percent, but I’m getting closer and closer and this is step back into real life and real world stuff. So I think it will help in my recovery.”

Venturini is still wearing a knee brace.

“I’m still pretty slow these days, but it’s good,” Venturini said. “I will have a brace on at the race track in a controlled circumstance. I can take it off at night, at home. … It’s healing. My LCL is healing, my brain is healing, my skull is healing. Everything’s taking progress.”

Venturini became the first female to serve as a co-anchor for a NASCAR Cup race in September 2014 at New Hampshire Motor Speedway. She also has served as a booth analyst for PRN broadcasts this season.

Venturini became the first female broadcaster to call an entire race on a national level during the July 2007 Cup race at Sonoma Raceway for DirecTV. She also has reported on NASCAR for Speed Channel and Fox Sports 1.

GMS Racing reveals Bill Elliott’s Road America scheme

Daniel McFadin
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CHARLOTTE, N.C. — Two weeks ago GMS Racing shocked the NASCAR community when it announced Bill Elliott would drive its No. 23 Chevrolet in the Aug. 25 Xfinity race at Road America.

The Hall of Famer’s unexpected return to NASCAR competition became a little bit more real Tuesday when he and GMS Racing unveiled his throwback paint scheme for the race at the NASCAR Hall of Fame.

Photo: Daniel McFadin

The paint scheme is inspired by the No. 11 Budweiser Ford that Elliott drove to his win in the 1994 Southern 500 while racing for Junior Johnson. That win would be his last until November 2001 at Homestead-Miami Speedway

Elliott’s trophy and the checkered flag from the 1994 win were also on hand. The inspiration for the scheme is also on display in the Hall of Fame’s lobby.

“I’m trying to figure out which one threw me under the bus here for this dang thing,” Elliott joked after the reveal, which was done with GMS Racing President Mike Beam, who was a crew chief for Elliott throughout the 90s, including in his 1994 win.

“They just said, ‘Hey, you’re going to do it.’ I’m in the car,” Elliott said. His son Chase Elliott has made four starts in the No. 23 this season and will compete in Friday’s Xfinity race at Bristol Motor Speedway.

While Bill Elliott hasn’t competed in NASCAR since the July 2012 Cup race at Daytona, the 62-year-old isn’t rusty by any means.

He’s kept busy recently by competing in vintage races, like the SVRA “Indy Legends” Charity Pro-Am in June. He also competed in the Trans Am Series presented by Pirelli at Road Atlanta in March.

“It’s not this league of racing, I’ll put it that way,” Elliott said. “It’s still competition. Everything you do as you look at it is competition.”

The 44-time Cup winner has no expectations for his first race at Road America

“I feel pretty good in the cars,” Elliott said. “This will be the whole fun of it, ‘How does this all work?'”

He’s been aided by his son. Chase Elliott shared his notes from his most recent race at Road America, when he drove for JR Motorsports in 2015. He placed fourth in both his starts on the road course.

The notes are welcome, but they are also a stark difference between generations in the approach to race preparation.

“I never took notes,” Bill Elliott said with a laugh. “It’s pretty neat to have at least a rough idea of what you got and what you’re looking forward to. But on the flip side, the aero package has changed from that era.”

Elliott, who was inducted into the Hall of Fame in 2015, was asked a simple question at one point.

Why do it?

“How do you know if you don’t try?” Elliott asked. “Whether you lose, win or draw, you always try to do things extra at the end of the day. I think from this standpoint, just go out and have a good time with it …

“There’s a lot of deserving guys that could be in this thing. They want me to do it, I’ll do my best.”

Photo: Daniel McFadin

GMS Racing also unveiled the throwback paint scheme Spencer Gallagher will have in the Sept. 1 Xfinity race at Darlington Raceway.

Gallagher will sport the scheme Davey Allison drove in ARCA in 1985.

The race will be Gallagher’s third Xfinity start since being reinstated from an indefinite suspension that began in April after he violated NASCAR’s substance abuse policy.

“This is definitely the most special thing I’ve gotten to do since I started driving race cars,” Gallagher said. “Getting to run the livery of none other than Davey Allison, one of the most pivotal drivers of his generation, 19 wins, Hall of Fame inductee, winner of the Daytona 500 … There’s no other way to describe it. That’s the coolest thing I’ve ever had on the car.”

NASCAR America at 5 p.m. ET: Scan All, Bristol preview

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Today’s episode of NASCAR America airs from 5-6 p.m. ET on NBCSN and begins to turn the page to this weekend’s racing in Bristol.

Carolyn Manno hosts with Kyle Petty in Stamford, Connecticut. Jeff Burton joins them from Burton’s garage.

On today’s show:

  • We will re-live all the sights and sounds of Kevin Harvick‘s dominant victory to re-affirm the “Big 3’s” grip on the 2018 season with today’s edition of Scan All: Michigan.
  • We’ll make the turn from the Irish Hills to Thunder Valley as we begin to preview Saturday’s Night Race at Bristol. Our panel of experts will talk about Kyle Busch‘s recent mastery of the World’s Fastest Half-Mile. Plus, we’ll examine several drivers seeking their first victory of 2018 and a highly coveted ticket to the Playoffs.
  • And, our own Kyle Petty will hop into the iRacing Simulator for some hot laps in Thunder Valley. How will he handle Bristol’s high banks, along with some distractions that we will throw his way?

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.