Former NASCAR team owner hit with $31 million fine in bankruptcy fallout

Former NASCAR team owner hit with $31 million fine in bankruptcy fallout

Former NASCAR team owner Ronald Devine faces a $31 million fine for failure to cooperate with court orders during bankruptcy proceedings. Devine owned BK Racing.

NASCAR: Former Cup owner Ron Devine indicted

The US Court of Appeals has ruled that former NASCAR team owner Ron Devine must pay $31M in back wages. Devine was the owner of BK Racing that raced in … Read More The post NASCAR: Former Cup owner Ron Devine indicted (Update) appeared first on AutoRacing1.com.

US Court of Appeals rules former NASCAR team owner pay $31M

The ruling is related to the bankruptcy of BK Racing Ron Devine was the owner of BK Racing who raced in the NASCAR Cup Series. The team went bankrupt following the 2018 season. NASCAR team files for bankruptcy ahead of Daytona 500 (February 15) The owner was indicted in 2023 with four counts of failure to pay payroll taxes. The team sold their charter to Front Row Motorsports. However, Union Bank & Trust Company claimed that they owned the chart…