Getty Images

Bid of $1.8 million submitted for BK Racing

Leave a comment

A bid of $1.8 million has been made for BK Racing, the trustee operating the team stated in court documents.

Trustee Matthew Smith stated in federal court documents that the $1.8 million bid is a stalking horse bid. That means that the bid sets the lowest price the team can be sold.

Should the stalking horse bid be the winning bid, $350,000 of the price will go to payment of priority wage claims.

The bid is from MRB LLC.

ESPN.com reported that Mike Beam, president of GMS Racing, has made the bid on the team. Beam told ESPN.com that if he becomes the owner of the team, it would be an affiliate of GMS Racing, which has previously considered moving to Cup.

Court documents state: “The Trustee believes that the Stalking Horse Bid will compel potential purchasers to come forward and otherwise generate additional interest in the Race Team Assets reasonably likely to facilitate an effective competitive sale of such assets.”

Smith stated in court documents that he has communicated with more than 25 separate parties interested in acquiring the team’s assets.

Court documents state that any qualified bidder must propose a bid at least $300,000 more than the original bid of $1.8 million.

A sale is scheduled for 9:30 a.m. ET on Aug. 20. A court hearing is set for Aug. 21 for the approval of the sale. The winner has three days after the court order approving the sale to complete the purchase.

A hearing is set for Tuesday on approving those sale procedures.

Also, in another court filing, Smith stated that he’s agreed to sell team assists to Obaika Racing for $265,000. Smith said in court documents the assets were valued at $382,000.

Among the items listed in the offer is a tractor trailer transporter, seven bare chassis and 12 other chassis in various forms of construction. Also on the list are two crash carts, pit road tool box and pit suite, pit tool cart and two golf carts.

BK Racing owner Ron Devine put the team in chapter 11 bankruptcy on Feb. 15 in an effort to retain his team. Union Bank & Trust claims that it is owed $9.475 million. Smith was approved as the trustee on March 28, relieving Devine of his owner duties. Others claiming to be owed money include the Internal Revenue Service.

Blake Jones is driving BK Racing’s No. 23 car this weekend at New Hampshire Motor Speedway. This will be Jones’ first Cup start. He qualified last in the 37-car field.

NASCAR America: Bubba Wallace on qualifying: ‘It’s our job to cheat the system’

1 Comment

Much of the talk in NASCAR this week has been around the controversial final round of Cup qualifying at Auto Club Speedway, which saw no drivers make a qualifying run after they left pit road too late to make a lap.

Bubba Wallace didn’t advance to the final round, but he’s been in a similar situation. In 2014 at Michigan, Wallace was in the Gander Outdoors Truck Series race at ACS’ sister track. Qualifying for that event ended with only one truck, driven by Ryan Blaney, reaching the start-finish line in time to make a lap.

“It’s our job to cheat the system,” Wallace said on NASCAR America presents Motormouths. “In today’s world, with the package and how it works out, if you’re the front car, you’re the tow. You’re the tow truck. You’re towing everybody else behind you. You’re at a disadvantage. No one wants to be at a disadvantage.

“So we’re going to cheat the system until they do something about it. Then we’re going to find a new way to cheat the new system.”

Watch the above video to see Wallace discuss more about how he fared during the West Coast Swing.

Updated entry lists for Cup, Truck at Martinsville

Photo by Sean Gardner/Getty Images
Leave a comment

Here are the entry lists for this weekend’s races.

Cup – STP 500 (2 p.m. ET Sunday on Fox Sports 1)

Thirty-six cars are entered for the sixth Cup race of the year. D.J. Kennington is listed in the No. 77 Spire Motorsports entry.

Jeb Burton is entered in Rick Ware Racing’s No. 52 Ford.

Click here for the entry list.

Gander Outdoors Truck – Martinsville 250 (2 p.m. ET Saturday on Fox Sports 1)

Thirty-nine trucks are entered. Those also entered in the Cup race are Kyle Busch, Austin Dillon and Ross Chastain. Bubba Wallace is entered in AM Racing’s No. 22 truck.

Click here for the entry list.

NASCAR America Motormouths at 5 p.m. ET with Bubba Wallace

NBCSN
Leave a comment

Today’s episode of NASCAR America presents Motormouths airs from 5-6 p.m. ET on NBCSN.

Rutledge Wood hosts with Kyle Petty and they’ll be joined by special guest Bubba Wallace.

Fans will have the chance to call into the show to ask questions.

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.

Indy 500 analyst role part of looking forward for Danica Patrick

Getty Images
Leave a comment

It’s been 10 months since Danica Patrick last competed in an auto racing event and she is completely fine with that.

Patrick was last seen in a cockpit in last May’s Indianapolis 500, part of her mini-retirement tour from racing that also included a run in the Daytona 500.

Now she’ll be back at the track, serving as an analyst for NBC’s broadcast of the 103rd Indy 500 on May 26.

It will be an interlude to her post-racing career.

“I really don’t miss racing,” Patrick said during a teleconference Wednesday.  “I’m really happy. I selfishly set out (with) the intention I wanted to travel a lot. I’ve definitely done that. Also working on my other businesses.”

Without racing, Patrick is able to look over her “Warrior” clothing line and her Somnium wine. She’s also been a host of ESPN’s Espy Awards show.

“I’m not a look-back kind of person, I’m a look-forward (person),” Patrick said. “This is something that’s part of looking forward. This is something totally new and different for me. It’s coming at a place where I have a lot of history, but it hasn’t been my job, which is why I’m going to work really hard to make sure I’m ready, like anything else I do that’s different.

Since retiring, Patrick said she watches racing “when I can.”

“I’m not going to lie, I’m happy doing what I’m doing,” Patrick said. “It’s allowed me new opportunities like this.”

This won’t be the first time Patrick has served in an analyst role for a race. She did the same for some Xfinity Series race broadcasts in the last few years of her NASCAR career.

“It’s very good to have had that experience,” Patrick said. “Obviously I was giving my driving experience sort of perspective and that insight, which is something I’m going to be doing again. But it was a guest spot.

“This is firm and established, part of a small team of two with Mike (Tirico) and I. I think there’s going to be a lot more preparation involved, I’m going to need to know a lot more information.”

Patrick said there will be one difference in her Indy 500 experience this year compared to the eight times she competed in the “Greatest Spectacle in Racing.”

“I didn’t purposely look at the buildup of the day,” Patrick said. “I didn’t want to see the fans rolling in, all the pomp and circumstance. I really liked to keep it quiet. I wanted to just walk out there and have it be the event, not let myself get built up too much in my head with nerves, just the platform, the iconic event that it was, the millions of people. I just wanted to stay focused and go do it.

“This time, I’m sure I will see the buildup. I’m sure I’ll see the place fill in and turn from a quiet, peaceful, magical place, (and) at the shot of a cannon it’s going to start unraveling. That will be a cool perspective for me that I purposely haven’t really watched closely.”

and on Facebook