Superstar Racing Experience Files Lawsuit Against Skip Barber Racing Over Sale Agreement

Skip Barber Racing apparently does not own the Superstar Racing Experience race series, after all.

On Monday, Superstar Racing Experience said it has filed a lawsuit in Rowan County, N.C., claiming that Anthony DeMonte, DMS Apex Holding, LLC and Skip Barber Racing failed to live up to their end of the bargain in a sale of SRX to the group this past spring.

According to the suit, the transaction was supposed to have been completed by April 30. As part of the agreement, neither side was supposed to have announced the transaction without prior consent of the other party.

"Contrary to that, and without Superstar's consent, Skip Barber Racing and DeMonte issued a press release falsely stating that they had acquired the SRX," SRX said in today in a press release. "In fact, DeMonte and Skip Barber Racing have failed to pay any amount of the purchase price or otherwise fulfill their promise to close the transaction. Consequently, contrary to their false public statements, Skip Barber Racing did not purchase and does not own SRX or any of the series' assets."

SRX was an International Race of Champions-styled all-star racing series that featured current and past drivers from different racing disciplines on short tracks. It raced from 2021 through 2023. Racing notables Tony Stewart and Ray Evernham were part of the founding group that put the series together.

Stewart won the SRX championship in 2021, while Marco Andretti won in 2022 and Ryan Newman in 2023.

SRX is not racing in 2024 and the group said it "will continue to explore strategic options as it relates to the future of the SRX."