MEDIA RELEASE/Team 18 - Photo: supplied Team 18 has recruited multiple championship and Bathurst-winning engineer…
The Aussie Driver Search program has gone into voluntary liquidation according to the statement issued by founder Kyle Austin this morning on their Facebook page.
It will mean the program will cease and we also believe that Matt Powers run in Super 3 will end, and no entry into Super2 in 2020.
READ THE FULL STATEMENT HERE:
“It is with great sadness that I have made the decision to place Aussie Driver Search into voluntary liquidation. I am so sorry to anyone who is impacted by this decision and I take full responsibility.”
“I want to ensure that everyone understands that I did not want this to happen and have done the absolute best I could to avoid this situation. My priority during this difficult process has been to minimise the impact on as many people as possible and I sincerely apologise to anyone affected.”
“I have recorded an audio statement which explains all of the key details, I strongly urge everyone to listen to this statement before making comment to ensure they understand the facts behind what has happened. This statement is available at www.aussiedriversearch.com/statement”
“Our competitors will be most impacted as they have paid money for events which will now not be fulfilled. I apologise to each and everyone of these people and understand the magnitude of this. We have sent an email to all competitors outlining the steps they should take to try and recover their money. I am also very upset that I am no longer able to fulfil the remaining prizes for our winners and am deeply sorry to them.”
“All of our wages are up to date and our permanent staff will be receiving any owed annual leave, redundancy and any other entitlements. Our event crew are also fully paid with nothing owed. Majority of our accounts with any other businesses are also fully paid and the liquidators will sell off all of our assets and distribute any remaining funds as appropriate.”
“I want to also make it very clear that I did not make this decision for personal gain and have come away with nothing. I am a personal guarantor on all our loans and leases and it is likely that I will have to become bankrupt due to this.”
“There is a lot more to discuss so I strongly encourage everyone to please listen to the audio statement to ensure you get the whole picture. I am happy to take responsibility for my mistakes and decisions which have lead to this situation. I would like to say a big thank you to everyone who has been a part of Aussie Driver Search and once again I am very sorry to anyone impacted by this.”
Aussie Driver Search
Photo: Velocity Magazine (Darin Mandy)
For all our news keep your eyes peeled on the Velocity Magazine website and social media, Facebook, Twitter and Instagram for our daily updates and to get the latest edition of our glossy magazine subscribe here from just $55 for 12 months subscription.