KEY POINTS:
Embattled Team Kiwi Racing principal David John says he is willing to open his accounts to anyone doubting his claims that the team does not owe any money to Ford Performance Racing (FPR).
John also said today he was continuing to work on getting a car onto the startline of this weekend's round of the Australian V8 Supercar championship at Eastern Creek despite having no confirmed driver or car yet.
Driver Paul Radisich yesterday quit John's one-car team following the team's fallout with FPR that ran the car on behalf of TKR.
"TKR is in breach of contract and I have therefore terminated my contract with immediate effect," Radisich said in a statement yesterday without further comment.
However, John told Radio Sport today that he maintains he does not owe any money to FPR.
"I'm ready to open my books," he said.
The matter was in the hands of lawyers but he was looking at preparing another car with another driver to take the start line at Eastern Creek.
Under the series rules, TKR face a A$150,000 ($169,491) fine if they do not turn up at a round with a viable race car and under a "two strikes and you are out" policy, lose their licence if they miss a second round.
TKR have been in a financial bind since last year's Bathurst 1000 when Radisich was injured and wrote off the team's Holden Commodore in a 200km/h crash into a tyre wall.
FPR said on Monday it had terminated its contract because TKR had failed to meet its obligations.
- NZPA
