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Old 02-12-2008, 03:13 PM
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Racer Duck Racer Duck is offline
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New ownership structure for DJR

Release Date: 07/02/2008

The future for Australia's longest-established V8 Supercar team, Dick Johnson Racing, has been secured.

Melbourne-based businessman Charlie Schwerkolt has bought into the iconic-Queensland team, establishing a new business structure with founder & former racer Dick Johnson.

"The partnership with Charlie has secured the future for Dick Johnson Racing and I am delighted," a relieved Johnson announced today.

"Despite fantastic support and assistance from our sponsor, Jim Beam, it's no secret that as a business we have been struggling financially for some time thanks to the failure of past sponsorships programs among other things.

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Old 02-12-2008, 03:16 PM
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Racer Duck Racer Duck is offline
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Re: New ownership structure for DJR

It's extremely hard for race teams today to stay afloat and getting harder...

There's an old saying in racing: "The way to make a small fortune in racing is to start with a large fortune!"
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