The U.S. Court docket of Appeals has confirmed a staggering $31 million nice in opposition to Ron Devine, the previous proprietor of BK Racing, following his indictment in 2023 for intentionally avoiding payroll taxes.
BK Racing, a NASCAR Cup Sequence staff, was operational from 2012 till its dissolution in 2018. Based by Ron Devine, who additionally ran a number of Burger King franchises, BK Racing’s origin lies within the acquisition of a constitution initially belonging to TRG Motorsports.
This acquisition, occurring round 2011, value Devine and his companions, Thomas Uberall and Wayne Press, roughly $10 million.
But, the staff’s journey was fraught with monetary instability, resulting in a Chapter 11 chapter submitting proper earlier than the 2018 Daytona 500.
James Gilbert/Getty Pictures
The authorized complexities surrounding BK Racing grew to become extra pronounced when Union Financial institution & Belief Firm laid declare to the staff’s belongings in the course of the chapter proceedings in 2018.
This chapter culminated within the appointment of a trustee, taking on BK Racing’s belongings, together with its precious NASCAR constitution and amenities.
Regardless of the choice for BK Racing to proceed racing as a non-chartered staff, monetary realities made this an impractical avenue.
The U.S. Court docket of Appeals resolutely supported the unique chapter court docket’s choice, condemning Devine’s conduct. Within the words of the presiding judge:
“The chapter court docket exhibited extraordinary persistence within the face of Appellants’ egregious conduct. This Court docket won’t condone such blatant disregard for the judicial course of.”
Devine’s authorized battles, nonetheless, lengthen past this singular judgment. From 2012 to 2017, he didn’t pay greater than $390,000 in payroll taxes to the IRS, actions that led to a number of prices and the chance of considerable fines and even imprisonment.
Ultimately, a plea deal was organized, with Devine acknowledging his willful failure to pay these important taxes.
Whilst BK Racing disbanded, the consequences of its operational points lingered. Although as soon as residence to notable drivers like Alex Bowman, Corey LaJoie, and Matt DiBenedetto, the staff struggled considerably on the observe.
Regardless of the person abilities of its drivers, BK Racing couldn’t safe significant success within the aggressive NASCAR atmosphere.
Ultimately, the staff’s belongings had been liquidated and bought to Entrance Row Motorsports for a fraction of their preliminary worth, though this didn’t instantly curtail operations.
2025 NASCAR Cup Sequence Schedule
Common Season
- Feb. 2: Winston-Salem (Conflict) – 8 p.m., FOX
- Feb. 16: Daytona 500 – 2:30 p.m., FOX
- Feb. 23: Atlanta – 3 p.m., FOX
- Mar. 2: Austin – 3:30 p.m., FOX
- Mar. 9: Phoenix – 3:30 p.m., FS1
- Mar. 16: Las Vegas – 3:30 p.m., FS1
- Mar. 23: Homestead – 3 p.m., FS1
- Mar. 30: Martinsville – 3 p.m., FS1
- Apr. 6: Darlington – 3 p.m., FS1
- Apr. 13: Bristol – 3 p.m., FS1
- Apr. 20: Off (Easter)
- Apr. 27: Talladega – 3 p.m., FOX
- Might 4: Texas – 3:30 p.m., FS1
- Might 11: Kansas – 3 p.m., FS1
- Might 18: North Wilkesboro (All-Star) – 8 p.m., FS1
- Might 25: Charlotte – 6 p.m., Prime Video
- June 1: Nashville – 7 p.m., Prime Video
- June 8: Michigan – 2 p.m., Prime Video
- June 15: Mexico Metropolis – 3 p.m., Prime Video
- June 22: Pocono – 2 p.m., Prime Video
- June 28: Atlanta – 7 p.m., TNT
- July 6: Chicago road course – 2 p.m., TNT
- July 13: Sonoma – 3:30 p.m., TNT
- July 20: Dover – 2 p.m., TNT
- July 27: Indianapolis – 2 p.m., TNT
- Aug. 3: Iowa – 3:30 p.m., USA
- Aug. 10: Watkins Glen – 2 p.m., USA
- Aug. 16: Richmond – 7:30 p.m., USA
- Aug. 23: Daytona – 7:30 p.m., NBC
Playoffs
- Aug. 31: Darlington – 6 p.m., USA
- Sept. 7: St. Louis – 3 p.m., USA
- Sept. 13: Bristol – 7:30 p.m., USA
- Sept. 21: New Hampshire – 2 p.m., USA
- Sept. 28: Kansas – 3 p.m., USA
- Oct. 5: Charlotte street course – 3 p.m., USA
- Oct. 12: Las Vegas – 5:30 p.m., USA
- Oct. 19: Talladega – 2 p.m., NBC
- Oct. 26: Martinsville – 2 p.m., NBC
- Nov. 2: Phoenix – 3 p.m., NBC
