Reports Reveal How Kyle Busch Extracted Double the Worth of His Shop From Spire Motorsports in the KBM Sale

A few things can compare to winning the NASCAR Cup Series, but doubling your investment is quite an achievement. Kyle Busch who is famous for his exploits on the race track did particularly well with the sale of his Mooresville-based Kyle Busch Motorsports outfit. It has now been reported that Busch made double what he initially paid for the team i.e. $7 million.

Busch announced the sale of his NASCAR Truck Series team to Spire Motorsports earlier this year. This deal included the entire facilities and the property of his headquarters in North Carolina. A report by Charlotte Business Journal, states that Spire Motorsports paid about $14.5 million to close the deal.

Busch offered much more than just a piece of real estate to Spire Motorsports

Kyle Busch Motorsports (KBM) marked its first appearance in the 2010 NASCAR Craftsman Truck Series. The now two-time Cup Series champion, Busch was able to establish a winning mentality with KBM in the Truck Series. 100 all-time wins and 14 wins in a single season in 2014 are some of the key milestones achieved under the 38-year-old’s leadership at KBM.

Although it is a remarkable feat by Busch to get such a value on the sale of his team, one has to remember it was more than just a piece of land. The entirety of the 77,000 square-foot race shop, as well as Rowdy Manufacturing – a chassis building company, were all part of this sale.

Spire Motorsports spokesperson Matt Klug said the county’s tax valuation doesn’t include “the contents of the property, the equipment, the assets, the intellectual property. As a part of that purchase, Spire Motorsports also bought Rowdy Manufacturing, a chassis-building company.”

Despite the sale of his entire team, Busch will not entirely walk away from his team. Instead, he will be acting as the team’s consultant, sharing all the valuable racing expertise he has gained over the years. Not only that, he will also be back on the track, acting as the man behind the wheel for five races in the Truck Series.

Perhaps a new chapter waiting to unfold in Busch’s life propelled him to take a tough call on the sale of KBM.

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Family commitments did play a part in making the tough call for Busch to hand over KBM to Spire

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At 38, Busch certainly had a lot on his hands. He is competing full-time in the NASCAR Cup Series and part-time in the NASCAR Craftsman Truck Series, not to mention his off-the-track exploits such as Rowdy Energy. The ‘Wild Thing’ has also become more of a family man while also supporting his son who has followed in his father’s footsteps.

Busch said at the time of the sale, “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.”

The KBM Motorsports was built on the foundations laid out by Xpress Motorsports from J.B. Scott (father of driver Brian Scott) in 2009. Now handing over the baton to Spire Motorsports, it seems like life has come full circle for Kyle Busch.

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