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Bid obtained for sale of BK Racing

The trustee of BK Racing has obtained a bid of $1.8 million for the team charter and assets and will ask the U.S. Bankruptcy Court to set that bid, identified as being from “MBR LLC,” as the stalking horse bid. The trustee proposes any competitive bids must be at least $2.1 million. Of the purchase price, $350,000 will be designated to pay claims for past wages. The trustee proposes the deadline for competitive bids as Aug. 13, the determination of the winning bid Aug. 20 and a hearing to approve the sale Aug. 21.

ESPN