Front Row Submits Winning Bid Of $2M For BK Racing Assets

Front Row Motorsports "submitted the winning bid" of $2.08M for bankrupt NASCAR team BK Racing's "charter, most of the assets and titled vehicles." The trustee overseeing BK Racing "agreed to sell some secondary assets to Obaika Racing for $265,000 and a tractor to Rick Ware Racing for $35,000." U.S. Bankruptcy Court Judge J. Craig Whitley "set a Thursday hearing to determine whether the sale is in the best interest of the estate." GMS Racing, which had bid $1.8M, "didn't attempt to match Front Row's bid" (ESPN.com, 8/21).

Sources said GMS is in discussions to secure a different charter now in order to enter into the Monster Energy Cup Series in '19 (Adam Stern, Staff Writer).