Mike Beam, president of GMS Racing, was in court Tuesday morning, hours before he helped the NASCAR organization unveil two new paint schemes at the Hall of Fame.
Beam wasn’t having legal troubles – his presence in court was part of the group’s efforts to purchase BK Racing, the bankrupt Monster Energy NASCAR Cup Series team that’s been put up for sale.
Beam previously put in a bid of $1.8 million for the BK Racing charter as well as various other assets on behalf of GMS in what is essentially an auction-type sale.
“If it’s meant to be it will work out and if not we’ll do something else.”
Two more groups have since submitted bids, which much be approved by NASCAR. According to Beam, those groups are Front Row Motorsports and one headed up by former BK Racing owner Ron Devine.
Monday (Aug. 13) was the deadline for bids to be submitted; the winning bid will be determined Aug. 20 and a day later a hearing to approve the sale is scheduled.
— Motorsports —