Former Long-Time NASCAR Cup Series Owner Pleads Guilty to Financial Crime

What’s Happening?

Ron Devine, the former owner of NASCAR Cup Series Team BK Racing, pleaded guilty for failure to pay payroll taxes in federal court Wednesday. Devine has yet to be sentenced.

• Devine, who owned NASCAR Cup Series team BK Racing, was accused of not paying payroll taxes and instead transferring over $2 million to other businesses under his control.
• This is just the latest blow to the former NASCAR team owner, who has spent a lot of time in court since his team was closed in 2018. In January, an appeals court upheld a 2022 ruling that Devine must pay $31 million to the trustee who manages BK Racing’s bankruptcy proceedings.
• Though the team supplied recognizable names like Corey LaJoie, Matt DiBenedetto, and Alex Bowman, with some of their first starts in the Cup Series, BK Racing is mostly remembered as a disappointment to fans. Throughout its history, BK Racing has failed to achieve lofty goals in the NASCAR Cup Series.
• The team mostly fielded underdogs and drivers past their prime, only scraping together three top-ten finishes in 520 starts, finishing no better than sixth. This poor performance came to a head in 2018, and it shuttered its operation during the season. Its assets and Charter were sold to Bob Jenkins’ Front Row Motorsports.

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