Sale of BK Racing set for next month

The trustee in charge of BK Racing has asked the bankruptcy court to set an Aug. 21 hearing for the approval of the sale of the team and its charter. In a legal filing Friday, the trustee said a “handful” of bidders, not disclosed in the motion, could potentially serve as the stalking horse (the minimum bid for the team’s assets and charter). If there are competitive bids, the trustee would then meet with the bidders Aug. 20 to determine the buyer to be approved by the court Aug. 21.