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[V8SC] Walkinshaw and Skaife statement
pic: HSV Media
Tom Walkinshaw and Mark Skaife today reached agreement after several weeks of discussions on arrangements for Walkinshaw to assume full ownership and running of the Holden Racing Team.
The decision, which is subject to approval by V8 Supercars Australia, is effective immediately.
Walkinshaw has requested Skaife to remain as an ambassador for the Holden Racing Team, reflecting his achievements for the team and the sport.
In addition, Skaife will remain as a major ambassador for the Holden brand and its products.
While the details of the agreement will remain confidential, no debt or other outstanding financial commitments will remain in relation to Skaife's team involvement.
It follows Skaife's announcement on 29 October that he intended to retire at the end of the 2008 season to explore opportunities inside and outside of motor racing.
The decision will leave Skaife free to concentrate on his final round of full-time racing at Oran Park in Sydney this weekend after a 21-year driving career.
Walkinshaw today said that he welcomed the resolution and that he and Skaife looked forward to an exciting future for HRT.
Skaife said: "Tom and I have been working together on this for several weeks. It's disappointing that our negotiations were inaccurately reported just as we were reaching agreement in the best interests of Holden Racing Team."
Holden Chairman and Managing Director, Mark Reuss, said the outcome would help to keep HRT as a benchmark racing team while ensuring Skaife retained involvement with the brands he had represented for so long.
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