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Union Bank & Trust, which filed a lawsuit in North Carolina court in November claiming ownership of two NASCAR charters originally controlled by BK Racing (with one now controlled by Front Row Motorsports), has asked a federal court in Virginia for injunctive relief and to immediately appoint a receiver take over all the team's assets and property. The bank alleges BK Racing owes it more than $7 million in unpaid loans and fees, and already has had $210K worth of assets seized by the N.C. Department of Revenue for unpaid taxes. Classic Auctions, a North Carolina auction house, is advertising that it will auction off three BK Racing haulers and a passenger car. BK Racing also owes more than $1.59M to its engine supplier and more than $667K in federal tax liens, according to N.C. court records.

Bob Pockrass, NASCAR

NASCAR

Doug Yates said his family never saw the finished speech written by his father nor the video of it (voiced by Dale Jarrett) played during the NASCAR Hall of Fame induction ceremony. How the speech got done before Robert Yates died in October:

Bob Pockrass, NASCAR
0:53

NASCAR

Ray Evernham describes getting a standing ovation for his induction into the NASCAR Hall of Fame:

Bob Pockrass, NASCAR
0:42

NASCAR

Monster Energy has not decided whether to extend its sponsorship of the NASCAR Cup Series for 2019-20. At a business update for investors Thursday, Monster Beverage Chairman Rodney Sacks said: "We have gotten a lot more visibility, a lot more recognition for the brand through the NASCAR sponsorship. It's very expansive, it's on TV, it's appearing on talk shows. We look at the metrics that the NASCAR folk give us and it certainly does seem to have been enhanced. Now the degree is to what degree? That we don't know. ... It took us a little bit of time [in 2017] to get up to speed, to get our activation going. We think we'll see a lot clearer benefits and more benefits coming from that relationship this year."

Bob Pockrass, NASCAR

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