The possible takeover of Dick Johnson Racing could be finalised in the next two weeks, with the American-based Team Penske empire set to make a final decision on taking a majority stake in the V8 Supercars Championship’s oldest team.

Roger Penske and the team’s president Tim Cindric were in attendance at last weekend’s SkyCity Triple Crown round at Darwin’s Hidden Valley, prompting speculation that the deal – which has been rumoured since the end of last year – had been all but signed. Penske is well known to be exploring a foothold in the Australian racing market, having recently expanded its trucking and haulage business into Australia.

It is believed that DJR’s current owners, Dick Johnson, Steve Brabeck and Ryan Story, will retain a minority shareholding in the team, while the DJR name will remain in some form. A ‘DJR Team Penske’ moniker is the most likely rebranding.

Penske is known to be keen to lure former V8 Supercars series champion Marcos Ambrose – who currently races in the NASCAR Sprint Cup for Richard Petty Motorsports – back to Australia should a buy-out agreement be reached.

But Penske’s isn’t the only American racing team looking to get into the V8 Supercars Championship.

Leading NASCAR team owner Richard Childress confirmed over the weekend that he too is looking to buy into an existing team.

Childress’ portfolio includes three NASCAR teams, an advanced engine building facility and a number of corporate alliances which include the likes of Dow, Chevrolet and Lucas Oils (a minor sponsor of the Tekno Autosports team).

Image via Dick Johnson Racing

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Geoff Burke

Journalist at MotorsportM8
Site co-founder. Social Media guru. All-round trouble-maker.
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