TSM Owners File Court Papers Against Each Other

Steve Turner

Steve Turner has filed a lawsuit against co-owner Harry Scott Jr., while Scott has filed a notice of complaint against Turner. (Photo: Getty Images)

The co-owners of Turner Scott Motorsports are arguing through legal documents with Steve Turner suing Harry Scott Jr. in a Texas court, and Scott filing a notice of complaint in a North Carolina court.

While the owners of NASCAR Nationwide and Camping World Truck teams quarrel, Ron Hornaday Jr., fourth in the standings, is left without a Truck ride this weekend. The organization’s other drivers - Dylan Kwasniewski and Kyle Larson in Nationwide and Ben Kennedy and Cameron Hayley in Trucks - are racing this weekend.

Turner’s lawsuit states that he and his co-plaintiffs seek more than $3 million from Scott. Turner’s lawsuit also seeks dismissal of Scott in Turner Scott Motorsports. Scott bought 40 percent of the team from Turner in 2012.

Court documents allege that Scott’s company agreed that a $2 million debt was to be paid to Turner and his affiliates but it has not been paid.

Turner’s lawsuit also alleges that many company decisions require approval from both Turner and Scott but that “Scott has refused to approve actions that are necessary and material to the business, leaving the (team) unable to operate.’’

Court documents state that Turner and others have been forced to lend money to the team to keep it from defaulting to third-party vendors.

The Sporting News reported that Scott filed a notice of a suit Wednesday. Scott has 20 days to file a suit against Turner, according to the report.

Scott’s notice, according to The Sporting News, alleges that Turner has allowed the team’s funds to be depleted, debts have gone unpaid and Turner did not fund entries as he was obligated to do so. Scott’s notice, according to the report, alleges that Turner misapplied sponsorship funds and revenues.

In a statement Wednesday, Scott said: “My investment company, a co-owner of TSM, will continue to do all that it can to keep the team moving forward with or without our business partner Steve Turner. To all TSM employees, sponsors, partners and fans I pledge we will continue to do what we can to keep the teams racing hard each and every week of the season.’’ 

Related Topics:

NASCAR, NASCAR Nationwide Series

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