According to Mecklenburg County court documents dated Aug. 8, a settlement has been reached in the lawsuit filed by Kyle Busch Motorsports against Rev Racing. KBM received $105,000. The former NASCAR Truck Series team filed a lawsuit against its partner Rev Racing in February 2024.
Rev Racing was accused of breach of contract and unjust enrichment. KBM’s original complaint said Rev Racing failed to make timely payments, missing several installments under a non-compete agreement. The deal established Nick Sanchez as a full-time Truck Series driver through the 2023 season with a contract valued at $2.9 million. KBM had sought $325,000 plus interest and legal fees for unpaid amounts related to its 2023 NASCAR Craftsman Truck Series partnership.
However, in the court’s final decision, KBM ultimately won a judgment of $105,000. According to the Charlotte Business Journal, KBM attorney Adam Ross noted that the sentence was upheld because Rev Racing delayed settlement payments. He explained that under the terms of his agreement, KBM would receive a total of $380,000 if the agreed payment of $350,000 was not met on time. The lawsuit was initially dismissed in late April, with Adam Ross indicating at the time that the dispute had been resolved. However, the failed settlement agreement subsequently prompted KBM to take further legal action.
According to court documents, earlier this year, the parties agreed to a $350,000 settlement to end the lawsuit. Rev Racing was able to pay $275,000 of that amount, but missed the rest of the $75,000 payment, which was due on June 19. The court granted summary judgment, confirming that KBM was entitled to $380,000, the amount of the $105,000 judgment. Kyle Busch previously sold the assets of the KBM truck team to Spire Motorsports last year.
NASCAR veteran weighs in on rumors Kyle Busch could join Spire Motorsports
Kyle Busch has had a rough couple of seasons in his career, failing to get a single win at first. This year, however, has been particularly difficult, and with only four races remaining, he has a few of the last chances to qualify for the playoffs. Despite the slim odds and Kyle Busch’s recent comments to the press about the slowness of RCR’s cars, all eyes are on what his next move with RCR might be. Also, Spire Motorsports made a lot of news with two big announcements: Rodney Childers has signed on as crew chief for the no. 7 and Corey LaJoie left the team. Now that a spot is vacant, the question is whether Kyle Busch can be tapped to fill it. During a recent episode of the Charlie Marlow podcast, Kenny Wallace said:
“I really don’t know who’s going to go to Speyer. I mean, if I trust people, so far, here’s what I’m going to say […] It would be shocking news if Kyle Busch went. to the Spire just because he knows that Richard Childress is a player [at 0:38]
Currently ranked 18th with 440 points, two top 5s and six top 10s, Kyle Busch has a solid average at the following tracks: 7.4 at Richmond, 17.5 at Michigan, 18.5 at Daytona and 13.9 at Darlington. It remains to be seen if he can find his rhythm over these four finals of the regular season.
