Latest news with #FrontRow
Yahoo
13-06-2025
- Automotive
- Yahoo
McDowell, Gilliland top Cup Series practice sessions in Mexico City
For the first time in history, NASCAR Cup Series drivers turned laps at Autódromo Hermanos Rodríguez in Mexico City in two practice sessions. Front Row Motorsports' Todd Gilliland was quickest in Practice 2 at 93.180 mph over Ross Chastain (93.041 mph) and Ty Gibbs (92.864 mph). Advertisement RELATED: Practice 2 results | At-track photos: Mexico City Ryan Blaney (92.836 mph) and Chris Buescher (92.726 mph) rounded out the top five. Ryan Preece (92.669 mph), Austin Cindric (92.651 mph), Joey Logano (92.641 mph), Daniel Suárez (92.632 mph) and Shane van Gisbergen (92.601 mph) completed out the top 1o. After posting the fastest time in Practice 1, Michael McDowell (92.163 mph) was 25th-fastest in the second session. Noah Gragson was the only driver who did not turn a lap in Practice 2, as Front Row confirmed on social media that he will go to a backup car for Sunday's race. Practice 1 Spire Motorsports driver Michael McDowell topped the leaderboard in Practice 1 at 92.657 mph, besting Joe Gibbs Racing drivers Chase Briscoe (92.547 mph) and Ty Gibbs (92.542 mph). Advertisement Austin Cindric (92.528 mph) and Kyle Larson (92.439 mph) rounded out the top five. Chris Buescher (92.427 mph), Joey Logano (92.401 mph), Ross Chastain (92.349 mph), Shane van Gisbergen (92.330 mph) and Todd Gilliland (92.276 mph) completed the top 10. MORE: Practice 1 results After being called up by JGR to replace Denny Hamlin for the weekend, Ryan Truex finished his first session in the No. 11 Toyota 36th-fastest with a speed of 90.946 mph. As the learning process got underway, the 15-turn, 2.42-mile Mexico City circuit proved to be tricky for the drivers. Turn 4 was one of the most challenging spots as Cindric missed his braking point and Noah Gragson contacted the wall in the same area. Others had trouble slowing their cars down in time to make the corner. Cup Series drivers get back on track Saturday at 2:05 p.m. ET for qualifying (Prime Video, MRN Radio, SiriusXM NASCAR Radio). This story will be updated.
Yahoo
11-06-2025
- Business
- Yahoo
Former BK Racing owner pleads guilty to failure to pay payroll taxes in latest legal troubles
CHARLOTTE, N.C. (QUEEN CITY NEWS) – Former NASCAR team owner Ron Devine pleaded guilty Wednesday to failure to pay payroll taxes, announced Russ Ferguson, U.S. Attorney for the Western District of North Carolina. According to the plea documents and other court records, Devine, 68, was the owner and President of BK Racing, LLC (BK Racing), which operated a NASCAR team and owned two charters. As the owner, Devine was discovered to have exercised control over the team's financial affairs, including authorizing the filing and payment of its trust fund taxes, commonly referred to as payroll taxes. Federal judges rule in favor of NASCAR in lawsuit filed by Jordan-owned 23XI and Front Row Payroll taxes are withheld from employees' gross pay for income tax and to fund Social Security and Medicare. Employers are also required to make contributions to trust fund taxes matching the amounts withheld from their employees' pay, and to file and pay quarterly taxes. Court records indicate that beginning in 2012, Devine caused BK Racing to fail to account for and pay hundreds of thousands of dollars in payroll taxes. Court documents show that, between 2012 and 2017, instead of using the funds held in trust to pay for payroll taxes due, Devine allegedly transferred more than $2 million to other businesses and entities that he owned and controlled and used some of the funds to pay for BK Racing's expenses. Devine, who lives in northern Virginia, was released on bond following his guilty plea. The charge of failure to truthfully account for and pay over trust fund taxes carries a maximum penalty of five years in prison and a $250,000 fine. A sentencing date has not been set. This is just the latest in Devine's financial troubles that were taken court. In April, a federal judge approved a lawsuit from Front Row Motorsports after buying a charter for BK Racing that came with more than $9 million in debt. After Front Row settled with the bank for $2.1 million, the team asked Devine and business partner Michael DiSeveria to pay the balance, plus interest. They refused at first, thus creating the legal matter. In January, a federal appeals court upheld an order for Devine and his BK Racing associates to pay a $31 million fine, after being accused of attempting to obstruct and delay the team's bankruptcy proceedings. BK Racing last competed in the Cup Series in 2018, when they filed for Chapter 11 Bankruptcy. Assistant U.S. Attorneys Caryn Finley and Daniel Ryan of the Office in Charlotte are prosecuting the payroll tax case. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
San Francisco Chronicle
07-06-2025
- Automotive
- San Francisco Chronicle
Hamlin undeterred by ruling siding with NASCAR in lawsuit filed by Jordan-owned 23XI and Front Row
BROOKLYN, Mich. (AP) — Denny Hamlin is unfazed that a three-judge federal appellate panel vacated an injunction that required NASCAR to recognize 23XI, which he owns with Michael Jordan, and Front Row as chartered teams as part of an antitrust lawsuit. 'That's just such a small part of the entire litigation,' Hamlin said Saturday, a day ahead of the FireKeepers Casino 400. "I'm not deterred at all. We're in good shape.' Hamlin said Jordan feels the same way. 'He just remains very confident, just like I do,' Hamiln said. NASCAR has not commented on the latest ruling. 23XI and Front Row sued NASCAR late last year after refusing to sign new agreements on charter renewals. They asked for a temporary injunction that would recognize them as chartered teams for this season, but the Fourth Circuit Court of Appeals in Richmond, Virginia, on Thursday ruled in NASCAR's favor. 'We're looking at all options right now,' Hamlin said. The teams, each winless this year, said they needed the injunction because the current charter agreement prohibits them from suing NASCAR. 23XI also argued it would be harmed because Tyler Reddick's contract would have made him a free agent if the team could not guarantee him a charter-protected car. Hamlin insisted he's not worried about losing drivers because of the uncertainty. 'I'm not focused on that particularly right this second,' he said. Reddick, who was last year's regular-season champion and competed for the Cup title in November, enters the race Sunday at Michigan ranked sixth in the Cup Series standings. The charter system is similar to franchises in other sports, but the charters are revocable by NASCAR and have expiration dates. The six teams may have to compete as 'open' cars and would have to qualify on speed each week to make the race and would receive a fraction of the money. Without a charter, Hamlin said it would cost the teams 'tens of millions,' to run three cars. 'We're committed to run this season open if we have to,' he said. 'We're going to race and fulfill all of our commitments no matter what. We're here to race. Our team is going to be here for the long haul and we're confident of that.' The antitrust case isn't scheduled to be heard until December. NASCAR has not said what it would do with the six charters held by the two organizations if they are returned to the sanctioning body. There are 36 chartered cars for a 40-car field. 'We feel like facts were on our side,' Hamlin said. 'I think if you listen to the judges, even they mentioned that we might be in pretty good shape.'
Washington Post
07-06-2025
- Sport
- Washington Post
Hamlin undeterred by ruling siding with NASCAR in lawsuit filed by Jordan-owned 23XI and Front Row
BROOKLYN, Mich. — Denny Hamlin is unfazed that a three-judge federal appellate panel vacated an injunction that required NASCAR to recognize 23XI, which he owns with Michael Jordan , and Front Row as chartered teams as part of an antitrust lawsuit. 'That's just such a small part of the entire litigation,' Hamlin said Saturday, a day ahead of the FireKeepers Casino 400. 'I'm not deterred at all. We're in good shape.'
Associated Press
07-06-2025
- Automotive
- Associated Press
Hamlin undeterred by ruling siding with NASCAR in lawsuit filed by Jordan-owned 23XI and Front Row
BROOKLYN, Mich. (AP) — Denny Hamlin is unfazed that a three-judge federal appellate panel vacated an injunction that required NASCAR to recognize 23XI, which he owns with Michael Jordan, and Front Row as chartered teams as part of an antitrust lawsuit. 'That's just such a small part of the entire litigation,' Hamlin said Saturday, a day ahead of the FireKeepers Casino 400. 'I'm not deterred at all. We're in good shape.' Hamlin said Jordan feels the same way. 'He just remains very confident, just like I do,' Hamiln said. NASCAR has not commented on the latest ruling. 23XI and Front Row sued NASCAR late last year after refusing to sign new agreements on charter renewals. They asked for a temporary injunction that would recognize them as chartered teams for this season, but the Fourth Circuit Court of Appeals in Richmond, Virginia, on Thursday ruled in NASCAR's favor. 'We're looking at all options right now,' Hamlin said. The teams, each winless this year, said they needed the injunction because the current charter agreement prohibits them from suing NASCAR. 23XI also argued it would be harmed because Tyler Reddick's contract would have made him a free agent if the team could not guarantee him a charter-protected car. Hamlin insisted he's not worried about losing drivers because of the uncertainty. 'I'm not focused on that particularly right this second,' he said. Reddick, who was last year's regular-season champion and competed for the Cup title in November, enters the race Sunday at Michigan ranked sixth in the Cup Series standings. The charter system is similar to franchises in other sports, but the charters are revocable by NASCAR and have expiration dates. The six teams may have to compete as 'open' cars and would have to qualify on speed each week to make the race and would receive a fraction of the money. Without a charter, Hamlin said it would cost the teams 'tens of millions,' to run three cars. 'We're committed to run this season open if we have to,' he said. 'We're going to race and fulfill all of our commitments no matter what. We're here to race. Our team is going to be here for the long haul and we're confident of that.' The antitrust case isn't scheduled to be heard until December. NASCAR has not said what it would do with the six charters held by the two organizations if they are returned to the sanctioning body. There are 36 chartered cars for a 40-car field. 'We feel like facts were on our side,' Hamlin said. 'I think if you listen to the judges, even they mentioned that we might be in pretty good shape.' ___ AP auto racing:
