The struggling LD Motorsport Supercars team will be rebranded to 23Red Racing next year following a partial sale of the squad to businessman Phil Munday.
The team will scale back to a single-car effort and has agreed to terms to allow Prodrive Racing Australia to buy its second Racing Entitlements Contract. As part the deal 23Red Racing will replace its ageing Holden VF Commodores with a Prodrive-built Ford Falcon FGX, believed to be the chassis used to take Cam Waters and co-driver Richie Stanaway to victory at this year’s Sandown 500.
Established in 2010, LD Motorsport has largely been a backmarker outfit in the Supercars Championship, save for a fluke win by Nick Percat in the chaotic Sunday race at the Clipsal 500 Adelaide last year.
This year the team has run no less than seven different drivers over the course of the 2017 season as uncertainty surrounded its ongoing future.
Munday – whose Repair Management group sponsors the team – subsequently stepped in to shore up the team’s finances and has since acquired a 60% stake in the team. Munday has also appointed former Supercars driver Cameron McConville as part of a management restructure.
The team is expected to announce the identity of its new driver in the next week, with rumours suggesting that Will Davison, Tim Slade, Jack Le Brocq and Garry Jacobson were among the shortlisted candidates.
Image via Supercars Championship