Kyle Busch Milestone: Kyle Busch, widely recognized for his racing prowess, achieved a remarkable feat off the track with the sale of his Mooresville-based Kyle Busch Motorsports (KBM). The sale reported a substantial return, doubling Busch’s initial investment of $7 million for the team.
Earlier this year, Busch announced the sale of his NASCAR Truck Series team to Spire Motorsports, encompassing the entirety of the facilities and property at its headquarters in North Carolina. As per the reports, Spire Motorsports sealed the deal by paying approximately $14.5 million.
KBM made its debut in the 2010 NASCAR Craftsman Truck Series, under the leadership of the now two-time Cup Series champion, Kyle Busch. His tenure at KBM saw a prolific winning streak, marked by significant milestones such as 100 all-time wins and a record 14 wins in a single season in 2014.
The sale of KBM, however, was more than a transfer of land; it encompassed the entirety of the 77,000 square-foot race shop and Rowdy Manufacturing, a chassis-building company, contributing to its substantial value.
Matt Klug, a spokesperson for Spire Motorsports, highlighted that the county’s tax valuation didn’t encompass the property’s entire contents, including equipment, assets, and intellectual property. Notably, the purchase also included Rowdy Manufacturing, a significant addition to the acquisition.
Despite divesting his team, Busch won’t depart entirely. He will continue as the team’s consultant, sharing invaluable racing expertise gained over the years. Moreover, he’ll return to the track for five races in the Truck Series, signaling a potential new chapter in his career.
At 38, Busch juggles a packed schedule, competing full-time in the NASCAR Cup Series, part-time in the NASCAR Craftsman Truck Series, and overseeing off-the-track ventures like Rowdy Energy. His growing family, including his son following his footsteps in racing, has also added to his priorities.
Reflecting on the sale, Busch remarked, “Im at a different point in my life now than I was back in 2010.” His evolving family commitments and the changes in his Cup Series team prompted this pivotal decision.
The origins of KBM trace back to Xpress Motorsports, established by J.B. Scott (father of driver Brian Scott) in 2009. As Busch passes the reins to Spire Motorsports, it signifies a full circle in his life’s journey within the motorsports realm.
Our Reader’s Queries
How old was Kyle Busch when he started NASCAR?
At a mere 16 years old, Busch made his NASCAR debut in the NASCAR Camping World Truck Series. He was brought on as a replacement driver for Nathan Haseleu, taking over the No. 99 Roush Fenway Racing Ford. This marked the beginning of Busch’s journey in the world of NASCAR.
Why is Kyle Busch so famous?
Kyle has made history with his recent win at Auto Club Speedway on February 26, 2023. He now holds the record for the most consecutive seasons with a win, a remarkable feat that stands at 19 as of 2023. In addition, Kyle made headlines back in 2005 when he became the youngest ever pole winner in a Cup Series race at California Speedway, at just 19 years and 317 days old. His talent and determination have earned him a well-deserved place in NASCAR history.
Why was Kyle Busch rule introduced in NASCAR?
Whether you call it the Kyle Busch rule or a Bushwacker, NASCAR introduced a set of regulations to restrict top-tier drivers from the Cup Series from participating in lower ranks like Xfinity or Trucks Series. These rules aim to level the playing field and provide opportunities for up-and-coming drivers to showcase their skills.
What are some fun facts about Kyle Busch?
With an impressive 60 wins under his belt, this NASCAR Cup Series driver is a force to be reckoned with. He’s one of only two active multi-time champions, and his track record speaks for itself. Not only has he won two Cup Series championships, but he’s also the all-time wins leader in both the NASCAR Xfinity Series (with 102 wins) and the NASCAR Truck Series (with 62 wins). Hailing from Las Vegas, this driver is a true legend in the world of NASCAR.
