Dustin Long on the BK Racing bankruptcy

After spending a few dozen hours in a Charlotte courthouse covering the legal saga for NBCSports.com, NASCAR Talk editor Dustin Long provides his analysis and insight on why BK Racing filed for bankruptcy (1:30); what former owner Ron Devine’s plan was to keep control of the team (4:15); the process of appointing a trustee (6:00); what were the chances of Ron Devine getting the team back without a sale? (9:45); given the outcome, would Devine have had a better option than Chapter 11? (12:15); explaining the bidding process for BK Racing (13:30); what amount was the court hoping the team would fetch instead of a bid it called “disappointing”? (15:00); the plan ahead for BK Racing and Front Row Motorsports (18:45); reassessing where this leaves the charter system (21:00); what court filings revealed about the purse structures (23:30); can a team make money while running on a shoestring budget under the charter system? (27:00); the challenge of balancing income with performance (31:00).

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