Ron Devine plans to make bid to reacquire BK Racing, sale Aug. 20

A bankruptcy judge has approved a plan to sell BK Racing on Aug. 20 with bids due Aug. 13.

As many has 29 parties have shown interest in BK Racing according to Dustin Long of NBC Sports. One of those parties is Mike Beam, president of GMS Racing, another is BK Racing owner Ron Devine.

“It’s a fire drill …. driven by the bank,” Devine said about the sale of the team which was determined by court appointed trustee Matthew Smith.

Since Smith has taken over control of the team, BK Racing has continued to race at the Cup level. Gray Gaulding is listed as the driver for the No. 23 Toyota on the entry list for Pocono.

“My current cash forecast … does show sufficient cash if I needed to go to the end of the season,” said Smith in court on Thursday. “I do not have the ability to run much past the end of the season.”

Smith has said that BK Racing is tight on cash and lacked the cash to run past the 2018 season.

Devine formed BK Racing at the Cup level in 2012. Since that time drivers Landon Cassill, Alex Bowman, Ryan Truex, Matt DiBenedetto, David Ragan, Corey LaJoie, and Gray Gaulding have all driven for the team.

After being a multi-car team for much of it’s history at the Cup level, BK Racing is down to just one car this season in the No. 23.

The organization has three career finishes inside the top-10.