Months After Kyle Busch Sold KBM, Details of a $14.5 Million-Worth Deal Revealed

When Kyle Busch announced the sale of his Truck Series team on September 27th, it was enough to send shockwaves through the community. Even more incredible was the fact that Spire Motorsports, after having spent $40 million on a charter, was the team buying out Kyle Busch Motorsports. However, the amount for which Busch sold KBM, its assets, and Rowdy Manufacturing was never disclosed. Back then, it was rumored that the overall deal could fetch Busch upward of $25 million. 

Now, reports have come in regarding part of the deal that has gone down for almost $14.5 million. 2X Cup Series champion

Kyle Busch sells the KBM facility in Mooresville that was home to his Truck Series fleet

Started by Kyle Busch when he was just 25 years old, KBM boasts the most total wins (100) and most wins in a season (14) in the Truck Series, apart from 86 poles. However, the legacy will not continue. Included in the deal was the 77,000 sq ft facility at 351 Mazeppa Road, Mooresville, NC, which served as KBM Headquarters. The facility is home to KBM’s fleet of Chevrolet Silverados, many of Busch’s Cup Series trophies, as well as both his Cup championship trophies. 

It was recently disclosed by the Charlotte Business Journal that the facility was sold to Spire Motorsports through an entity affiliated with Busch on November 13th. Iredell County’s real estate records state that the land and the facility were sold for a whopping $14,485,525. 

Moreover, as per the September announcement by Busch and Spire Motorsports, the overall deal includes, “the assets of Busch’s NASCAR Craftsman Truck Series team and the assets of Rowdy Manufacturing’s chassis building operation and CNC machine shop.” This implies that the overall deal would be close to the $25 million mark that was rumored earlier.

While the news sent shockwaves through the racing community, it was apparent that Kyle Busch must have had his reasons to sell the team that he co-owned with his wife Samantha Busch. 

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Kyle Busch states his reasons for selling his brainchild

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In an official announcement, Busch had earlier cleared his reasons behind taking such a monumental step. He stated, “I’m at a different point in my life now than I was back in 2010. My family has grown, my Cup Series team changed this year and our son’s racing schedule has become as demanding as my own. It’s important to me to be able to spend more time with my family and my No. 8 team at Richard Childress Racing.

“It’ll be hard to walk away from the amazing facility that we’ve built. I’ll miss walking the shop floor talking with our employees, hosting our fan days in the lobby and spending countless hours there ensuring its success. However, I know at this point in my life and in my career that this is the correct decision.”

With the deal being stamped and closed, the facility is set to bid goodbye to the successful owner and is ready to don a new look with the name of Spire Motorsports to adorn the walls. Nevertheless, it will be interesting to see what lies ahead for Spire Motorsports after its successful venture.

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