TEGA to decide if HRT continue in V8 Supercar Championship Series
Release Date: 12/03/2007
The Holden Racing Team has met a deadline of providing the required paperwork to the Touring Car Entrants Group Australia (TEGA) which will now decide whether it is sufficient to allow the team to continue competing in the V8 Supercar Championship Series.

The deadline of 5pm today was met but due to the complex nature of the issues a decision is not expected immediately but prior to the second event of the 2007 season at Barbagallo Raceway in Perth next week.

The board of TEGA met over the weekend and again this afternoon to review the paperwork supplied by Skaife Sports, the nominated owner of the Holden Racing Team.

“For the benefit of all parties concerned and the Championship in general TEGA is attempting to have this matter determined as soon as possible,â€￾ TEGA Chairman Kelvin O’Reilly said today.

“As much as we would have hoped to have a decision today, the complexity of the issue remains such that it will take time to dissect the documents and determine whether they are in order or not.

“This is an extremely complex and delicate matter that TEGA needs to work through. Paperwork has been lodged but that doesn’t mean that it complies, that is for TEGA to ultimately decide.â€￾

Skaife Sports had been given a final reprieve of 14 days to evidence compliance with the Team’s Licence Agreement (TLA). That deadline was 5pm today (Monday).

The TLA is designed to ensure that every team competing in the V8 Supercar Championship Series does so on an even footing.

It requires that teams are independently owned. It prohibits a situation where there is cross ownership or control of more than one team. The benefits of ownership are personal to the legal and beneficial owner of the TLA and a controlling interest cannot be transferred to any other entity without approval of TEGA.

Those persons who are granted a licence to compete must be of good character, and undertake to compete fairly and professionally and have the appropriate knowledge and qualifications to discharge the responsibility of a team owner in the best interests of the V8 Supercar Championship Series.

Wish they would hurry up and ban them.

dont count on it molloy. i think someone should be investigating tega, probably find a heap of money transfers between holden and tega. nothing will ever hapen to holden or skaife, they seem to be above the rules

Say they do get their a*** banned. It would be pretty bittersweet. Glad to see them go but sad to see the biggest team booted out.

know what ya mean man. i dont want to see them get kicked out, i just wana see them playing by the same rules as everyone else.

And if they do get the flick then we might see Seton back in a ford for the enduro's.

Lol, how hard is it to determine ownership??? Would take a lawyer or an accountant 5 minutes - i mean, it's not like we're trying to pick apart the corporate structure of national australia bank here.

Control a bit harder to determine, but IMO if skaife is being anything less than transparent then throw the book at him.

Xscabbi, we all know the worst that will happen will be a loss of points for HRT, the least will be oh so sorry for taking up your time.
The best thing Skaife has ever done in his life, was divorce his first wife.

i dont want to see them get booted either, dont get me wrong i dont like skafe at all but without thoses teams racing wouldnt be the same

does anyone know what the result is.

hasn't been announced yet. probably will be closer to the next race.

will someone post results for everyone to know ?

roger

How about you look on the v8 supercar website or one of the news webiste? you dont need to be spoon fed!

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