Kyle Busch KBM Sale: Over two months have passed since the surprising announcement of Kyle Busch’s NASCAR Truck Series team, KBM, and Rowdy Manufacturing’s sale to Spire Motorsports. Recent reports confirm the completion of this deal, which involved the Mooresville, North Carolina facilities.
Sources reveal that Spire Motorsports secured the assets from Busch for approximately $14.5 million. According to records from Iredell County real estate, an entity linked to Kyle Busch finalized the sale of the 77,000 square feet facility at 351 Mazeppa Road to Spire. The purchase encompassed Rowdy Manufacturing’s chassis building operation and the CNC machine shop.
Back in 2010, Kyle Busch kickstarted the team when he was 25. Under his leadership, the team evolved into a championship-winning unit. KBM boasts the record for the most wins in the Truck Series (100), with Busch contributing 48 victories.
Among KBM’s standout achievements in the Truck Series are the two championships secured by Erik Jones in 2015 and Christopher Bell in 2017. These drivers later moved up to Joe Gibbs Racing and shared the track with Kyle Busch. The team has also served as a breeding ground for numerous drivers who progressed to the Cup Series.
Expressing mixed emotions, Busch remarked in a team press release, Leaving behind the incredible facility we built will be difficult. I’ll miss the camaraderie on the shop floor, hosting fan days, and investing countless hours to ensure its success. Yet, I believe this decision aligns with this stage of my career and life.”
In their expansion to a three-car team in the Cup Series for 2024, Spire Motorsports will take charge of the Mooresville race shop, incorporating KBM’s two entries.
Reflecting on his inaugural season with Richard Childress Racing in 2023, Kyle Busch began with notable momentum, claiming victory early in his second race with the team. However, despite gathering two more wins, Busch and the team faced challenges as the playoffs unfolded.
With three wins, 10 top-fives, 17 top-10s, and leading 241 laps this season, Busch evaluated his 2023 performance, grading it a B-minus.
“I’d probably say a B-minus,” Busch told . “We started strongly, definitely in the middle-A range for the first 10-12 races. But the latter part of the season, we fell into the C range, so averaging it out, I’d say a B-minus.”
Heading into the upcoming season, the #8 Chevy driver is aiming for increased consistency in his performances.
ALSO READ: Kyle Busch Evolution: From Divisive Figure to Fan Favorite in NASCAR
Our Reader’s Queries
Why did Kyle sell KBM?
As my family has expanded and my Cup Series team has undergone changes this year, my son’s racing schedule has become just as demanding as my own. Spending quality time with my loved ones and my No. 8 team at Richard Childress Racing is a top priority for me. Although it will be difficult to leave behind the incredible facility we’ve created, I am committed to making the necessary adjustments to ensure a healthy work-life balance.
How much did KBM sell for?
Shortly after KBM’s $25 million sale, an insider has disclosed a significant shift in Kyle Busch’s truck career.
Is Kyle Busch Motorsports being sold?
Spire Motorsports has acquired Kyle Busch Motorsports and Rowdy Manufacturing for a significant sum. The purchase includes Kyle Busch’s Craftsman Truck Series team and manufacturing assets.
How much did Spire pay for KBM?
While the shop alone was purchased for a certain amount, it’s likely that the total price of $20-25 million was driven up by the acquisition of other assets such as Rowdy Manufacturing, various vehicles, and advanced technology.
