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Team Kiwi Racing face tough financial hurdle

 

The sizeable ex-pat New Zealand population on the Gold Coast won’t be able to cheer on the only Kiwi-based team in the V8 Supercar Championship at the Lexmark Indy event his weekend.

Team Kiwi Racing have been given special dispensation by V8 Supercar authorities to bypass this weekend’s round of the championship after their car was destroyed in the high-speed accident at the

Supercheap Bathurst 1000 at Mt Panorama on Sunday. As a result driver Paul Radisich, who suffered a broken sternum and broken ankle, will be out of action for the rest of the season.

The $400,000 Holden race car was destroyed in the accident and is a write-off.

The team has a one meeting grace but must complete their contractual obligations for the final three rounds of the V8 Supercar Championship in Bahrain, Tasmania and Phillip Island.

The fine is A$150,000 for each round that a team does not fulfill their contract.

Team Kiwi Racing still has a club supporters tour at Surfer’s Paradise this weekend and team owner David John is also there drumming up support to keep the Kiwi team afloat.

A public appeal has been launched to find the $400,000 TKR was to receive for the sale of their car, which was the key down-payment on their new car as they join forces with Prodrive next year.

“It is a very serious situation. We will be looking at every possible option but right now this public appeal is our only serious shot.”

The ANZ has set up a Team Kiwi Racing rebuilding fund in both Australia and New Zealand for anyone who wishes to support the team with a financial donation to wards the rebuilding campaign with full bank account details available on the TKR website www.teamkiwiracing.co.nz or by visiting any ANZ branch.


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