PremiAir Racing and Erebus Motorsport have declined to sign the revised Teams Racing Charter (TRC) following recent negotiations between Supercars owner RACE and the competing teams. The standoff follows a period of uncertainty regarding the 2027 calendar.
RACE required a 75 percent supermajority to implement changes to the TRC, which ensures a 14-round calendar moving forward. While the threshold was met to enact the agreement, owners Peter Xiberras of PremiAir and Betty Klimenko of Erebus have withheld their support.
The revised TRC includes two separate side agreements designed to address financial concerns. One offer provides an increase to annual base payments for five teams, while the other provides an equity bonus for the remaining seven squads upon a future business sale.
Xiberras expressed dissatisfaction with the terms, stating that further negotiations are required to reach a fair outcome. He noted that he remains in dialogue with RACE to resolve the impasse and reach an amicable agreement.
Klimenko stated that she would not commit to an agreement she does not believe in. She highlighted concerns regarding the requirement for teams to relinquish certain entitlements within the TRC, arguing that teams are consistently asked to make concessions.
RACE chief executive Barclay Nettlefold confirmed that discussions with both teams are ongoing. He expressed a desire for the teams to eventually sign the charter, noting that the decision ultimately rests with the individual team owners.
The new TRC structure, which resets the base number of rounds to 14 indefinitely, was negotiated by a group of team owners including Ryan Walkinshaw, Brett Ralph, Matt Stone, and Brad Jones. It has been described as a significant development for the sport.
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