V8 Supercars has announced Triple Eight Race Engineering has successfully won the tender for the 26th V8 Supercars Racing Entitlements Contract, clearing its expansion to a three car line-up for 2016.
In a statement V8 Supercars confirmed its Board had approved the sale of the ex-James Rosenberg Racing license to the Triple Eight Racing outfit, which races under the Red Bull Racing Australia banner, after it beat off competition from a number of other bidders to land the Racing Entitlements Contract (REC).
“The bid process was extremely competitive amongst the bidders,” said V8 Supercars CEO James Warburton.
“It is testament to the great health and growth of the sport at all levels that a number of parties wanted the opportunity to join the Championship from next year.”
It was announced in March that Triple Eight will be expanding to three cars from next year with the signing of Shane Van Gisbergen.
V8 Supercars also confirmed that next year’s grid will be capped at 26 cars, up one from the current 25-car line-up, a number the V8 Supercars’ Board says will remain until at least the end of next year prior to the introduction of the Gen2 platform from 2017.