US EditionJudge Halts Sale of Rick Ware Racing’s NASCAR Team Amid Legal Battle with Legacy Motor Club
NORTH CAROLINA, JUL 31 – A legal dispute over NASCAR charter sale timing and ownership rights has paused the transaction, with Legacy Motor Club required to post a $5 million bond to maintain the order.
- On Thursday, North Carolina Judge Clifton Smith issued a temporary restraining order preventing Rick Ware Racing from selling to T.J. Puchyr, blocking sale for 10 days.
- Two charters are at the center of a dispute, with Legacy Motor Club alleging RWR agreed to sell in 2027, but RWR and Puchyr claim it was a lease for 2026.
- Mark Henriques argued an RFK lease for 2026 prevents fulfilling the charter purchase, while Legacy alleged Ware showed a willingness to be untruthful about the 'backdoor transaction,' according to Legacy's claims.
- Under the order, Legacy Motor Club must post a $5 million bond by Friday, and the temporary restraining order remains in place for 10 days.
- In 2027, Rick Ware Racing planned to sell a NASCAR charter to Legacy Motor Club backed by Knighthead Capital Management worth over $13 billion.
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Judge halts sale of Rick Ware Racing’s NASCAR team amid legal battle with Legacy Motor Club
CHARLOTTE, N.C. (AP) — A North Carolina judge on Thursday issued a temporary restraining order preventing Rick Ware Racing from selling its NASCAR team to T.J.
·Washington, United States
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Total News Sources14
Leaning Left5Leaning Right1Center4Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 40%
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