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Kyle Busch Motorsports Forced to Take Legal Action Against Truck Series Partner Over $325,000 in Outstanding Payments

Published 02/23/2024, 4:55 PM EST

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Kyle Busch Motorsports, the former Truck Series team owned by two-time NASCAR Cup Series Champion, Kyle Busch, has filed a legal complaint against Rev Racing. The complaint filed by KBM alleges that Rev Racing was late and missed multiple payment obligations for the 2023 season.

A report by Charlotte Business Journal states that Kyle Busch Motorsports is looking to claim $325,000. The agreed-upon deal between the two parties was to field a driver in the NASCAR Craftsman Truck Series in 2023. The two parties signed a technical alliance last season, with Nick Sanchez taking on Rev Racing’s first full-time car in the Truck Series.

Kyle Busch hoping for a quick resolution to the issue

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The alliance between KBM and Rev Racing was a successful one on the race tracks. Sanchez was awarded the Truck Series Rookie of the Year. He also won the Fresh From Florida 250 at Daytona International Speedway last week, piloting the Rev Racing No. 2 Chevy in partnership with Spire Motorsports.

However, the legal notice field by KBM states that Rev Racing has not honored to pay up the full agreed amount of $2.9 million. During the partnership, KBM overtook responsibilities such as paying entry fees and providing vehicles for the race. Adam Ross, an attorney representing KBM in the case, said Busch hopes the situation is resolved soon.

The complaint filed by KBM alleges, “On January 31, 2024, KBM, through counsel, sent a final letter to Rev Racing demanding payment of the full principal amount owed, $325,000, within one (1) week. Rev Racing has not paid and has not responded.

 

Terrance Kinnard, an attorney representing Rev Racing, provided a statement to CBJ: “At this time, we are working through some accounting as it relates to how funds are allocated between our partners. We fully anticipate the matter being amicably resolved and maintaining a fruitful and productive relationship.”

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Kyle Busch and Nick Sanchez to clash at Atlanta race

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Nick Sanchez drives for Rev Racing in partnership with Spire Motorsports, the team that took over the KBM last year. Interestingly, Kyle Busch will also be racing at Atlanta Motor Speedway this weekend. Rowdy will be piloting the Spire Motorsports truck in a total of five Truck Series races this season.

Technically, Busch and Sanchez are teammates, as Spire provides the trucks to Rev Racing as a part of their alliance. With Sanchez on a winning run from the Daytona race and Busch not able to clinch his Daytona 500 title, it will make for an interesting watch tomorrow on how the two drivers race each other on the track.

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Although Busch sold KBM to Spire last year, he has not let go of his truck series prospects. As reported, he will be taking part in 5 Truck races, namely Atlanta Motor Speedway (February 24), Las Vegas Motor Speedway (March 1), Bristol Motor Speedway (March 16), Texas Motor Speedway (April 12), and Darlington Raceway (May 10).

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Written by:

Chintan Devgania

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Chintan Mahesh Devgania is a NASCAR Writer at EssentiallySports. As someone who likes to dive deep into the sport, he often takes up less explored topics to eventually see them make their way into top stories. His report on Toyota’s young recruit, Jade Avedisian, sharing her thoughts on Late Model Racing, was an example of that.
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Edited by:

Ranvijay Singh