Kyle Busch Motorsports, Rev Racing agree to settle lawsuit
MECKLENBERG COUNTY, N.C. — A court ruled Rev Racing must pay $105,000 to Kyle Busch Motorsports to settle a lawsuit over payments for a technical alliance.
Attorneys for KBM filed the lawsuit February 12. In late-April, they dismissed the case and reached a $350,000 settlement. According to court documents, Rev had until June 19 to pay that – or else they’d have to pay $380,000 instead.
However, attorneys for KBM filed an affidavit June 28 showing that Rev paid $275,000. They filed a confession of judgement with Mecklenburg County court that showed the basis for KBM to recover $105,000 from Rev.
The court granted the confession of judgement July 8. Now, Rev must pay $105,000 to settle the lawsuit once and for all.
Court documents show KBM accused Rev of breach of contract, seeking around $380,000 for the violations.
The parties signed an agreement in October 2022, contracting KBM to serve as Rev’s technical partner for the 2023 NASCAR Craftsman Truck Series season. KBM’s services included covering race entry fees for Rev and providing them with trucks, personnel and equipment to race each weekend.
For these services, Rev was to pay KBM in “10 equal monthly installments of $290,000 each” on-time. KBM alleged Rev made late payments multiple times.
Discover more from The Racing Experts
Subscribe to get the latest posts sent to your email.
Jonathan Fjeld View All
Jonathan Fjeld is the co-owner of the The Racing Experts, LLC. He has been with TRE since 2010.
A Twin Valley, MN, native, Fjeld became a motorsports fan at just three years old (first race was the 2002 Pennsylvania 500). He worked as a contributor and writer for TRE from 2010-18. Since then, he has stepped up and covered 24 NASCAR race weekends and taken on a larger role with TRE. He became the co-owner and managing editor in 2023 and has guided the site to massive growth in that time.
Fjeld has covered a wide array of stories and moments over the years, including Kevin Harvick's final Cup Series season, the first NASCAR national series disqualification in over 50 years, Shane van Gisbergen's stunning win in Chicago and the first Cup Series race at Road America in 66 years – as well as up-and-coming drivers' stories and stories from inside the sport, like the tech it takes for Hendrick Motorsports to remain a top-tier team.
Currently, he resides in Albuquerque, N.M., where he works for KOB 4, an NBC station. He works as a digital producer and does on-air reports. He loves spending time with friends and family, playing and listening to music, exploring new places, being outdoors, reading books and writing among other activities. You can email him at fjeldjonathan@gmail.com