BK Racing

BK Racing's logo until 2015
BK Racing was owned by a couple of investors who were formerly involved in the ownership of TRG Motorsports Sprint Cup Series team, which closed after the 2011 season. Burger King franchise owner Ron Devine and tomato grower Wayne Press joined Thomas Uberall, former race director of the Red Bull Racing Team, to acquire the assets and race shop of the former Red Bull operation, which also closed after the 2011 season, for around $10 million.

Like Front Row Motorsports owner Bob Jenkins, principal owner Devine's many Burger King franchises allow him to advertise the brand on the cars when there is no outside sponsor. Prior to the 2012 Daytona 500, Burger King announced a "licensing agreement" with the team, authenticating the paint schemes of the 83 and 93 and the usage of the company's logos, though it is unclear whether or not the company and/or franchisee Devine funds the team. According to a 2013 Autoweek article, the partnership is limited to the licensing agreement, with Burger King not sponsoring the team. The Burger King partnership includes the branding of Dr Pepper, a soft drink served at Burger King restaurants. Dr Pepper has appeared as the primary sponsor of the team on various occasions (typically the 93 car), and expanded to a newly renumbered 23 car for 2014 (signifying the drink's 23 flavors).

In May 2014, the team expanded to three cars and added another owner and investor in Anthony Marlowe, who purchased a ten percent stake in the team. Formerly a partner in the recently exited Swan Racing, Marlowe founded outsourcing company TMone, and is currently the managing partner in Iowa City Capital Partners and its subsidiary Marlowe Companies Inc. After the 2015 season, Marlowe began the process of selling his stake in the team.

The team used engines from Triad Racing Technologies upon inception. In 2014, the team started an in-house engine program while using Triad engines on occasion. For 2016, the team purchased equipment from the recently closed Michael Waltrip Racing, and hired several former MWR employees, with increased manufacturer support from Toyota.

The team operated out of a facility in Charlotte, North Carolina, which housed former Cup Series team BAM Racing and was the base of GMS Racing until 2015.

In August 2018, BK Racing was liquidated, with most of its assets acquired by Front Row Motorsports (FRM). Other teams, including Obaika Racing and Rick Ware Racing, also received portions of the team's assets. FRM won the bankruptcy auction with a bid of US$2.08 million, surpassing GMS Racing's offer of US$1.8 million. Previously, FRM had purchased a charter from BK Racing after the 2016 season for US$2 million. This transaction is the subject of a lawsuit filed by Union Bank & Trust Company, which claims ownership of the charter due to a lien at the time of sale. On December 20, 2022, team owner Devine was ordered to pay US$31 million to the trust managing BK Racing's bankruptcy. On October 18, 2023, Devine was indicted on four counts of failing to pay payroll taxes by the U.S. Attorney's Office. Investigations revealed that some of the misused funds were used to finance the team. On January 17, 2025, an appeals court upheld the US$31 million judgment, finding that Devine used multiple corporations and family trusts as alter egos to divert approximately US$6.4 million from the team. On April 29, 2025, another appeals court upheld a separate US$2.5 million judgment. On June 11, 2025, Devine pleaded guilty to federal charges related to the 2023 payroll tax case.

^ Cain, Holly (May 20, 2014). "Expanding BK Racing Banks on Independence". NASCAR. Retrieved May 17, 2015.

^ Team Release (February 18, 2012). "Multi-car Start-up Team to Be Known as BK Racing". Statesville, North Carolina: NASCAR. Retrieved June 28, 2015.

^ Smith, Chris (February 17, 2015). "BK Racing Plans To Kick Things Into High Gear For 2016 Nascar Season". Forbes. Retrieved March 8, 2016.

^ Gluck, Jeff (Feb