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SBD Global/January 28, 2013/Franchises
V8 Team Dick Johnson Racing In Doubt For Season Opener, Needs $2.08M
Published January 28, 2013
Dick Johnson's V8 Supercars team "faces an uncertain future after plunging into another financial crisis just a month before the start of the season," according to Mark Fogarty of THE AGE. Without major sponsorship and having lost a key investor, Dick Johnson Racing -- the longest established and one of the most popular teams in V8 racing -- "is on the brink amid claims that it doesn't have enough funding" to make the first event in Adelaide, Australia from Feb. 28 to March 3. An emergency meeting of the team's board of directors "will be held on Tuesday afternoon to decide how -- and if -- DJR can survive." The team must attract the minimum A$2M ($2.08M) in sponsorship or investment needed to field two Ford Falcons in the 14-event V8 championship (THE AGE, 1/28).
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