NEW STAKEHOLDER IN EREBUS REC
By Bruce Williams
Date posted: 27 June 2019
New stakeholder in Erebus REC – Photo: InSyde Media
Erebus Motorsport’s Supercars outfit has a new stakeholder with Barry Ryan buying a share of one of the teams Racing Entitlement Contracts.
Ryan, who has spent three years at the helm of the Melbourne squad, now holds 50 percent stake in the #99 entry currently raced by second-year driver Anton De Pasquale.
“I am happy to announce Barry as my new partner and co-owner of car #99,” said Klimenko.
“I am proud of what Barry and I have achieved in Supercars over the past three and a half years.”
“We are stronger and wiser together and I couldn’t think of a better partner.”
The team confirmed at the deal was initially done in March, though it had not been made official until this week.
“We had to wait for some paperwork to be finalised, but he’s now truly joined the dark side.”
“We both believe in the direction we are heading, and it was always part of the long-term plan.”
Ryan was enlisted by Erebus to boost the Supercars teams fortunes in 2015, having already worked full-time on their GT program.
“It’s a huge leap of faith for Betty to trust and have faith in me investing into being a 50% shareholder in one of her REC’s,” said Ryan.
“Betty has been a proud sole owner of her REC’s for her whole time in Supercars and I am honoured that she has asked me to be her partner.”
“It enables me to cement myself in the Erebus Motorsport business and Supercars for the long term.”
“My day to day does not change, I have always treated Betty’s business like my own.”
“This does though put a whole new perspective on knowing I have “skin in the game” to ensure Erebus Motorsport and Supercars are stable and working on the long-term plan.”
Erebus Motorsport now heads to Townsville round eight of the championship next week.
For more of the latest Supercars news pick up the current issue of Auto Action. Also make sure you follow us on social media Facebook, Twitter, Instagram or our weekly email newsletter for all the latest updates between issues.
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