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Post Info TOPIC: Contractors claim Kyle Busch owes them money?


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Contractors claim Kyle Busch owes them money?


From Jayski.com:

Conractors say Kyle Busch owes them: A subcontractor who helped build NASCAR driver Kyle Busch's new multi-million-dollar headquarters has filed a lien against the project, and four others also say they're owed money. Collectively, the contractors say they are owed hundreds of thousands of dollars by the building's owner and general contractor. As small business owners, they said, they can't afford to go for months without being paid. Paul Davis of Creative Carpets LLC said he filed a mechanic's lien against the general contractor Friday. Davis said he is owed $60,000 for installing roughly 18,000 square feet of carpet and flooring. "As a business, I can't function," he said, adding his suppliers won't give him more materials until he pays them. "I'm spending more of my time chasing my money than making it. And in this economy, I can't do that." Davis said he filed the lien because he'd grown worried that he might not get paid the full amount he is owed. He said Busch's attorney told him "one group was going to walk away unhappy." The building is owned by L.B. Builders Construction Group, which also is overseeing construction. It is being built for KB Investments, a Kyle Busch-related entity. The subcontractors said they've been told by L.B. Builders that they haven't been paid because Kyle Busch owes nearly $3 million. On Friday, a blue tarp was taped over a sign outside the building that says KBM. Attorneys representing Busch and L.B. Builders confirmed a "construction dispute" over the building's cost, and said the groups are working to resolve it. A meeting to discuss the issue is set for mid-May, they said.(See full story at the Charlotte Observer)(5-1-2010)



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Wonder how his sponsors are liking this?

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More from Jayski.com:

Financial burden has Kyle Busch wishing he never started truck team: For [Kyle] Busch, his pending nuptials and bride to be are the least of his financial worries. The price of owning a truck team is making Busch seriously reconsider if he should've ever become a NASCAR truck team owner. "The wedding, she's got a budget, so she's done a good job with that," Busch said of his fiancée Samantha Sarcinella. "It's all the truck team. They seem to not know what budgets mean." Running a NASCAR truck team is an expensive proposition that many have tried and failed at. Busch knew starting a truck team would take a significant capital investment, but he didn't realize just how expensive it would be. Had he known what he knows now, Busch didn't hesitate to say he wouldn't have done it. "No," Busch said quickly, speaking during a break in a test at Daytona International Speedway. "No, I wouldn't do it. Bad idea. I was kind of misled on some things and didn't understand the financial burden of getting started," Busch said. "The getting started costs have been way over what expectations were, so that set us back." Recently contractors hired to work on a new building for the team filed a lien against KBM, saying they were owed hundreds of thousands of dollars by the company, according to a report in the Charlotte Observer. [See past news on the May News Archives Page.] It's all part of a headache Busch wishes he avoided completely.(Orlando Sentinel)(5-19-2010)


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