Particle.news

Download on the App Store

Judge Blocks Rick Ware Racing’s $150 Million Sale to T.J. Puchyr

Legacy Motor Club must post a $5 million bond under the 10-day order ahead of a preliminary injunction hearing

Image
Image

Overview

  • Mecklenburg Superior Court Judge Clifton Smith issued a 10-day temporary restraining order halting Rick Ware Racing’s planned $150 million sale of its NASCAR team to T.J. Puchyr
  • The order requires Legacy Motor Club to post a $5 million bond by end of business Friday to maintain the stay on the transaction
  • Legacy Motor Club sued Rick Ware Racing in April, alleging breach of a signed charter purchase agreement for the 2026 season
  • Rick Ware Racing countersued, claiming confusion over which charter and season were covered and disputing Legacy’s account of the deal
  • A preliminary injunction hearing will be held before the TRO expires and the case is set for trial in January