23Red Racing has today confirmed the team will no longer continue its participation in the Supercars championship following the exit of title sponsor Milwaukee.
A statement issued from the team pointed to the decision being made due to an “unpredictable return to the track.”
“Over the years we have experienced an amazing journey with everyone involved,” read the statement.
“But unfortunately, we are faced with an unprecedented time, a time in which we now need to reassess our operational structure.
“As we do not foresee the ability to race again in 2020 we have brought forward our completion date and will be closing operations prior to June 2020.”
The decision now leaves two-time Bathurst 1000 winner Will Davison with no drive for the remainder of 2020.
Ultimately, the exit of 23Red Racing has opened the door for Boost Mobile to field James Courtney in the fourth Tickford Mustang
“I’ve been in motorsport my entire working career and since the inception of 23Red Racing I’ve been nothing short of committed to building a front running team,” said team owner Phil Munday.
“The start to the 2020 season showed signs we were in contention of consistent podiums, the results any team owner would want.
“The uncertainty and unprecedented times have forced some tough decisions.
“It is deeply saddening to exit the sport earlier than planned however we are certainly proud of our achievements.”
The team joined the series back in 2018 and last year saw Davison secure his best finish yet with eighth in the standings, including podium finishes at Tailem Bend and Queensland Raceway..
The season-opening Adelaide 500 was yet another strong round for Davison and the outfit, securing two top-five results.