By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sports DailySports Daily
Notification Show More
  • Home
  • Football
  • Baseball
  • Basketball
    • WNBA
  • Tennis
  • Racing
  • Golf
  • Racing
Reading: Court to Temporarily Halt Rickwear Race Amid $150 Million Sale Negotiations
Share
Sports DailySports Daily
Search
  • Home
  • Football
  • Baseball
  • Basketball
    • WNBA
  • Tennis
  • Racing
  • Golf
  • Racing
Follow US
Sports Daily > Racing > NASCAR > Court to Temporarily Halt Rickwear Race Amid $150 Million Sale Negotiations
Court will temporarily curb the Rickwear race from closing the $150 million sale
NASCAR

Court to Temporarily Halt Rickwear Race Amid $150 Million Sale Negotiations

July 31, 2025 2 Min Read
Share
SHARE

A judge in North Carolina has ruled in favor of Legacy Motor Club, granting a temporary restraining order (TRO) against Rick Ware Racing (RWR). This legal move is part of an ongoing dispute between the two NASCAR Cup teams. Legacy Motor Club alleges it has a valid charter purchase agreement with RWR dated 2026, accusing RWR of mistakenly attempting to back out of the deal.

Amidst this legal battle, it was revealed that RWR is planning to sell the entire team to TJ Puchyr in a $150 million transaction. However, the new TRO halts RWR from finalizing the sale to Puchyr for at least 10 days while a hearing for a preliminary injunction is pending, with no date set yet. Legacy is also required to post a $5 million bond.

The court has warned RWR against trying to sell the team while the charter dispute lawsuit is unresolved. Since the lawsuit’s initiation in April, RWR has responded with its own legal action, contesting the timeline of the charter sale. Additionally, Legacy has filed a separate lawsuit accusing Puchyr of an “underhanded attempt” to buy RWR and interfere with the charter purchase. Notably, Puchyr collaborated with Legacy through an Independent Contractor Agreement via the consulting firm Rucus.

Fan Take: This legal showdown over charters highlights the increasing complexities and high stakes involved in NASCAR team ownership and partnerships. For fans, the outcome could reshape team dynamics and ownership structures, potentially impacting the competitive landscape of the sport.

See also  NASCAR Overhauls Rulebook, Officially Scraps Playoffs Format

You Might Also Like

NASCAR Community Unites to Mourn Denny Hamlin Following Devastating House Fire

Carson Joséval Describes His Conversation with Ricky Stenhouse Jr. as “Productive” Amid Feud Rumors

Shane Van Gisbergen Dominates Once More, Triumphs at Sonoma to Extend Impressive Winning Streak

Chandler Smith Gears Up for Daytona 500 with Front Row Motorsports Team

NASCAR Showdown at Watkins Glen: Spotlight on the Big Winners and Surprising Losers

TAGGED:NASCAR
Share This Article
Facebook Twitter Copy Link
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular News

Download app from appStore
WNBA

Liberty Secure Thrilling 100-93 Victory in WNBA Finals Rematch Against Fall Links

10 Hall of Fame-Caliber Stars Whose Careers Were Sidetracked by Injuries
Liverpool in contract crisis with Bayern Munich, battle with Real Madrid to sign Upamecano
Chelsea & Man United boost, 45-G/A target reduces mega offers from Saudi Arabia
Kelvin Sampson Labels Houston ‘Very Poor,’ Points to Cougars’ NIL Budget Challenges
Euro 2025 Quarterfinals: Unraveling Burger’s Enigmatic Save and Forecasting the Semifinal Showdown!

About US

Your trusted source for up-to-the-minute sports news, in-depth analysis, and expert coverage across the globe’s most exciting sports.

Facebook Twitter Youtube

Categories

  • Baseball
  • Basketball
  • Football
  • Golf
  • Racing
  • Tennis

Legal Pages

  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

Subscribe US

3 Must-Sign MLB Free Agents for the Mariners: Should They Bring Back Luis Arraez and Re-sign Eugenio Suarez?
Manchester United hopes to hire Ruben Amorim as successor
Alcaraz-Raducanu Top Early Entries for Us Open Mixed Double
© 2025 All Rights reserved | Powered by Sports Daily
Welcome Back!

Sign in to your account

Lost your password?