Kyle Busch Motorsports has recently notched a legal victory, marking a momentous occasion amidst a tumultuous racing season. The company, though no longer managing NASCAR teams, remains vigorously engaged in the racing industry, primarily focusing on vehicle preparations for partners such as Rev Racing.
At the heart of this legal battle was a dispute over financial agreements tied to KBM’s work on Truck Series vehicles for Rev Racing. Following the termination of their partnership—which coincided with KBM selling its workshop—KBM pursued legal action against Rev Racing for failing to fully settle payments agreed upon.
The original deal between the two entities required Rev Racing to pay KBM $350,000. However, Rev Racing fell short, neglecting to pay $75,000 of the agreed sum, according to Charlotte Business Journal.
As the gavel fell, the court sided decidedly with KBM, rewarding them not just the unpaid $75,000, but an additional $30,000. This extra sum accounted for the delayed payment penalties stipulated in their initial agreement, escalating the total award to $380,000.
James Gilbert/Getty Images
The judgment serves not just as a financial boost for KBM but also as funding to support the racing career of Brexton Busch, Kyle Busch’s son, in dirt racing. This extra $105,000 will likely ensure continued support and development for the young racer at KBM.
On the other side of the lawsuit, Rev Racing, known for its role in promoting diversity in motorsports through NASCAR’s Drive for Diversity program, faces this financial setback amid a successful season on the tracks. Nick Sanchez, a driver for Rev Racing, has celebrated two wins this season and is a hopeful contender for postseason glory.
This legal victory comes during a challenging period for Kyle Busch himself, who is currently with Richard Childress Racing. Busch’s season has been fraught with difficulties, marked by multiple DNFs and only a single top-10 finish across eight races. The legal win against Rev Racing shines as a rare bright spot in what has otherwise been a trying season for the seasoned driver.
Initially filed in February over a breach of contract, the litigation extended longer than parties anticipated, concluding with a court ruling that not only mandated Rev Racing to settle the original amount but also to compensate for the prolonged delay.
When is the Cook Out 400 at Richmond Raceway?
Saturday, August 10
2.30 p.m. ET: NASCAR CRAFTSMAN Truck Series Practice
3 p.m. ET: NASCAR CRAFTSMAN Truck Series Qualifying
4.30 p.m. ET: NASCAR Cup Series Practice
5.35 p.m. ET: NASCAR Cup Series Qualifying
7.30 p.m. ET: NASCAR CRAFTSMAN Truck Series Clean Harbors 250
Sunday, August 11
6 p.m. ET: NASCAR Cup Series The Cook Out 400
Kyle Busch Motorsports has recently notched a legal victory, marking a momentous occasion amidst a tumultuous racing season. The company, though no longer managing NASCAR teams, remains vigorously engaged in the racing industry, primarily focusing on vehicle preparations for partners such as Rev Racing.
At the heart of this legal battle was a dispute over financial agreements tied to KBM’s work on Truck Series vehicles for Rev Racing. Following the termination of their partnership—which coincided with KBM selling its workshop—KBM pursued legal action against Rev Racing for failing to fully settle payments agreed upon.
The original deal between the two entities required Rev Racing to pay KBM $350,000. However, Rev Racing fell short, neglecting to pay $75,000 of the agreed sum, according to Charlotte Business Journal.
As the gavel fell, the court sided decidedly with KBM, rewarding them not just the unpaid $75,000, but an additional $30,000. This extra sum accounted for the delayed payment penalties stipulated in their initial agreement, escalating the total award to $380,000.
James Gilbert/Getty Images
The judgment serves not just as a financial boost for KBM but also as funding to support the racing career of Brexton Busch, Kyle Busch’s son, in dirt racing. This extra $105,000 will likely ensure continued support and development for the young racer at KBM.
On the other side of the lawsuit, Rev Racing, known for its role in promoting diversity in motorsports through NASCAR’s Drive for Diversity program, faces this financial setback amid a successful season on the tracks. Nick Sanchez, a driver for Rev Racing, has celebrated two wins this season and is a hopeful contender for postseason glory.
This legal victory comes during a challenging period for Kyle Busch himself, who is currently with Richard Childress Racing. Busch’s season has been fraught with difficulties, marked by multiple DNFs and only a single top-10 finish across eight races. The legal win against Rev Racing shines as a rare bright spot in what has otherwise been a trying season for the seasoned driver.
Initially filed in February over a breach of contract, the litigation extended longer than parties anticipated, concluding with a court ruling that not only mandated Rev Racing to settle the original amount but also to compensate for the prolonged delay.
When is the Cook Out 400 at Richmond Raceway?
Saturday, August 10
2.30 p.m. ET: NASCAR CRAFTSMAN Truck Series Practice
3 p.m. ET: NASCAR CRAFTSMAN Truck Series Qualifying
4.30 p.m. ET: NASCAR Cup Series Practice
5.35 p.m. ET: NASCAR Cup Series Qualifying
7.30 p.m. ET: NASCAR CRAFTSMAN Truck Series Clean Harbors 250
Sunday, August 11
6 p.m. ET: NASCAR Cup Series The Cook Out 400
