crash.net home
crash.net home
» Register or Sign-In    Email:   Password:



MENU

INDYCAR
Editorial
Columns
Media
Interactive





Add to Google
»

Home

»

IndyCar

»

News Archive

»

Walker set to launch legal action.

10-12 Nov. 2006.   Gran Premio Telmex. Autodromo Hermanos Rodriguez. Mexico City.  Derrick Walker talking to Will Power
[More Pictures]

Walker set to launch legal action.

Friday, 21st March 2008

Team Australia fall-out intensifies.

Comment on this Story

Derrick Walker has decided to pursue former Team Australia partner Craig Gore through the US legal system after the Australian failed to respond to deadlines to pay monies owing to the Scot's team.

Gore confirmed last week that he was taking the Team Australia programme - and driver Will Power - to the renamed KV Racing Technologies team owned by Kevin Kalkhoven, prompting Walker to reveal that he was owed a substantial sum arising from their three-year partnership in the Champ Car World Series.

Advertisement [Go Advertisement Free]

Walker had been the first team to commit to switching codes as talk of a merger between the US' two principal open-wheel series intensified, but now finds himself having to concentrate on a Formula Atlantic programme while trying to piece an IndyCar campaign back together. Gore had previously told Walker that their joint programme was continuing in the unified series, despite the entrepreneur having sold off his V8 Supercar interests at home to focus on business and health issues.

“I was extremely disappointed by Craig Gore's announcement to take Team Australia, our driver, and sponsors to KV Racing," Walker said in a statement issued overnight, "Contrary to Gore's recent statements, I developed the concept of Team Australia in 2005 [and], over a three-year period, Team Australia had great success in using motorsports as a marketing tool for Australian companies, including Gore's winery, Aussie Vineyards.

"Despite the success of the team, Gore defaulted on his financial obligations to Team Australia throughout the 2007 season. Walker Racing was forced to loan the team substantial funds in order to continue competing in the Champ Car World Series. Walker Racing is still owed in excess of $1,500,000 by Gore and his related entities.
< < < 1 2 > > >
Page 1 of 2
NEXT PAGE »»
Comment on this Story
AddThis Feed Button
Related Images
10-12 Nov. 2006.   Gran Premio Telmex. Autodromo Hermanos Rodriguez. Mexico City.  Derrick Walker talking to Will Power
Derrick Walker chats to Michael Valiante in Mexico City.
Alex Tagliani with Rob Edwards and Derrick Walker
Derrick Walker, Kevin Kalkhoven and Craig Gore celebrate Team Australia`s commitment to the new-look Champ Car Atlantics series
2005 champcar world series.  20-23 oct 2005. lexmark 300.  surfer`s paradise, queensland,  australia. derrick walker and craig gore.
2005 champcar world series.  20-23 oct 2005. lexmark 300.  surfer`s paradise, queensland,  australia. derrick walker, rob edwards and crew at work during practice.
Champ Car  19-21 May 2003. Tecate Grand Prix of Monterrey. Monterrey, Mexico. Derrick Walker and Kevin Kalkhoven.
Champ Car.  Grand Prix of Portland. 18 June 2006. Portland, Oregon. Alex Tagliani in debrief with Derrick Walker and engineers.
Champ Car World Series.  7-9 July 2006. Molson Grand Prix. Toronto, Canada. Derrick Walker instructing Will Power.
Champ Car World Series. 18-20 Sept. 2006. Grand Prix of Road America.  Elkhart Lake, Wisconsin.  Derrick Walker talking to Will Power.
10-12 Nov. 2006.   Gran Premio Telmex. Autodromo Hermanos Rodriguez. Mexico City.  Derrick Walker talking to Will Power
2007 ChampCar World Series.  9-10 March 2007. Spring Training. Laguna Seca Raceway. Monterey, Ca. Will Power explaining to Simon Pagenaud, Derrick Walker and Rob Edwards.
ChampCar World Series.  1-3 April 2007. Las Vegas Grand Prix. Las Vegas, Nv. Derrick Walker, Will Power and Rob Edwards with pole award.
ChampCar World Series.  1-3 April 2007. Las Vegas Grand Prix. Las Vegas, Nv. Derrick Walker, Will Power and Rob Edwards with pole award.
2007 ChampCar World Series. 6-8 April 2007. Las Vegas Grand Prix.  Las Vegas, Nevada. Derrick Walker with owner`s trophy.
2007 ChampCar World Series. 6-8 April 2007. Las Vegas Grand Prix.  Las Vegas, Nevada. Derrick Walker with owner`s trophy.
2007 ChampCar World Series. 6-8 April 2007. Las Vegas Grand Prix.  Las Vegas, Nevada. Victory podium with Derrick Walker and owner`s trophy.
2007 ChampCar World Series. 6-8 April 2007. Las Vegas Grand Prix.  Las Vegas, Nevada. Aussdie Vineyards wine traphy with Will Power and Derrick Walker.
2007 ChampCar World Series. 6-8 April 2007. Las Vegas Grand Prix.  Las Vegas, Nevada. Aussie Vineyards wine with Winner Will Power and Derrick Walker.
ChampCar World Series. 20-22 April 2007. Grand Prix of Houston. Reliant Park. Houston, Texas. Derrick Walker, Will Power and Simon Pagenaud.
ChampCar World Series. 20-22 April 2007. Grand Prix of Houston. Reliant Park. Houston, Texas. Derrick Walker, Will Power and Simon Pagenaud.
Champ Car World Series. 27-29 July 2007. San Jose Grand Prix. San Jose, California.  Sebastien Bourdais. Derrick Walker and Rob Edwards with Simon Pagenaud.
Simon Pagenaud, Will Power and Team Australia boss Derrick Walker at Champ Car awards banquet 2007   [pic credit: BAM Media]
[Top of Article]

Related News Stories

Related Audio

Event Results

Event Reports