Dustin Long on the BK Racing bankruptcy

After spending a few dozen hours in a Charlotte courthouse covering the legal saga for NBCSports.com, NASCAR Talk editor Dustin Long provides his analysis and insight on why BK Racing filed for bankruptcy (1:30); what former owner Ron Devine’s plan was to keep control of the team (4:15); the process of appointing a trustee (6:00); what were the chances of Ron Devine getting the team back without a sale? (9:45); given the outcome, would Devine have had a better option than Chapter 11? (12:15); explaining the bidding process for BK Racing (13:30); what amount was the court hoping the team would fetch instead of a bid it called “disappointing”? (15:00); the plan ahead for BK Racing and Front Row Motorsports (18:45); reassessing where this leaves the charter system (21:00); what court filings revealed about the purse structures (23:30); can a team make money while running on a shoestring budget under the charter system? (27:00); the challenge of balancing income with performance (31:00). Visit www.nbcsports.com/nascar and www.nbcsports.com/motors for more NASCAR and motorsports coverage from NBC Sports. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.See omnystudio.com/listener for privacy information.