A North Carolina judge will conduct a hearing next Monday to determine whether to appoint a receiver selected by Union Bank to operate BK Racing and either sell or lease out the team’s charter, which would guarantee a spot for all 2018 races including the Feb. 18 Daytona 500. Having determined the bank has established that BK Racing owes it more than $8M in unpaid loans and fees, the court issued a temporary restraining order Friday that prohibits BK Racing from selling or leasing the charter or any assets until the hearing.
— ESPN —