Leading property development and investment company PAYCE has today been confirmed as the new title sponsor for the CAMS PAYCE Australian Formula 4 Championship.
The partnership is an extension of their ongoing involvement in Australian sport, where the group is also active in racing categories such as the Supercars Championship, Super2 Series, Porsche Carrera Cup and Porsche GT3 Cup Challenge.
PAYCE Chief Financial Officer Brian Bailison said the group was excited to extend its reach in Australian motor sport with Formula 4.
“We’re thrilled to support local driving talent, and we look forward to the future stars that CAMS PAYCE Australian Formula 4 will produce,” Bailison said.
“The championship has already produced some quality drivers, and we want to play a part in the start of many Australian racing careers.”
CAMS CEO Eugene Arocca welcomed PAYCE as a valued partner of both Australian Formula 4 and CAMS.
“The people behind PAYCE are passionate about their motor sport, and we’re thrilled that they are extending their support to driver development,” Arocca said.
“It is a great time to become a part of our sport with unprecedented growth in our membership and participation rates, which have been equally backed with support from corporate Australia.”
PAYCE’s arrival in Australian Formula 4 marks the end of the championship’s association with founding partner Jayco, who partnered Formula 4 and CAMS in 2015.
Arocca thanked the company, in particular Jayco chairman Gerry Ryan, for its support of the category in previous years.
“Jayco have played a crucial part in the formation of the Australian Formula 4 Championship, and they’ll forever play a part in our motor sport history,” Arocca said.
“We’re grateful for the support Gerry Ryan and his team have played in playing a helping hand in launching the careers of many young talented Australian drivers.”
PAYCE’s partnership is a further commercial boost for the championship, with the likes of Hankook Tyre, Burson Auto Parts and Famous Insurance extending their partnership with Australian Formula 4. Castrol were also welcomed in late 2017 as the category’s official oil partner.
The new look CAMS PAYCE Australian Formula 4 Championship will hit the track this week at Phillip Island, from 1-3 June.