According to Mecklenburg County court records dated August 8, a verdict has been reached in the lawsuit filed by Kyle Busch Motorsports against Rev Racing. KBM has been awarded $105,000. The former NASCAR Truck Series team had taken legal action against their partner Rev Racing in February 2024.
Rev Racing were accused of breach of contract and unjust enrichment. KBM's initial complaint stated that Rev Racing had failed to make timely payments, missing several installments under a competition agreement.
The deal had placed Nick Sanchez as a full-time driver in the truck series for the 2023 season with a contract valued at $2.9 million. KBM had sought $325,000 plus interest and legal fees for the unpaid amounts related to their 2023 NASCAR Craftsman Truck Series partnership.
However, in the latest court decision, KBM has been finally granted a $105,000 judgment. As per the Charlotte Business Journal, KBM attorney Adam Ross pointed out that the judgment was pursued because Rev Racing had delayed settlement payments. He explained that under the terms of their agreement, KBM was to be paid $380,000 in total if the agreed $350,000 settlement was not met on schedule.
The lawsuit was initially dismissed in late April, with Adam Ross indicating at the time that the dispute had been resolved. However, the unraveling of the agreed settlement later prompted further legal steps by KBM.
According to court records, earlier this year, the parties had agreed to a $350,000 settlement to put the lawsuit to rest. Rev Racing managed to pay $275,000 of this amount but missed the remaining $75,000 payment due on June 19. Subsequently, the court recognized a confession of judgment, confirming KBM was entitled to $380,000 culminating in the $105,000 judgment amount.
Kyle Busch had previously sold the assets of KBM’s truck series team to Spire Motorsports last year.
NASCAR veteran weighs in on the rumors that Kyle Busch might switch to Spire Motorsports
Kyle Busch has had a few rough seasons in his career, initially failing to secure any wins. This year, though, has been particularly tough, and with just four races left, he’s got a few last chances to make the playoffs. Despite the slim odds and Kyle Busch's recent comments to the press about the slow pace of RCR's cars, it’s all eyes on what his next move might be with RCR.
In other news, Spire Motorsports has been the talk of the town with two big announcements: Rodney Childers signing on as the crew chief for the #7 car, and Corey LaJoie stepping away from the team. With a seat now open, the question is whether Kyle Busch might be tapped to fill it.
During a recent podcast episode with Charlie Marlow, Kenny Wallace chimed in, saying:
"I really don't know who's gonna go over there to Spire. I mean, if I'm to believe people, so far, here's what I'll say [...] It would be shocking news if Kyle Busch went to Spire. Just because I know Richard Childress is a gamer. He ain't gonna let nobody walk all over him." [at 0:38]
Currently ranked 18th with 440 points, two top-5s, and six top-10s, Kyle Busch shows solid average finishes at the upcoming tracks—7.4 at Richmond, 17.5 at Michigan, 18.5 at Daytona, and 13.9 at Darlington. It's left to be seen if he can find his stride in these final four races of the regular season.