WPS/WOW Racing team owner Craig Gore has announced that his team has withdrawn from the V8 Supercar Championship Series because of personal business and health commitments.

The Gold Coast-based businessman has sold his two Team Licence Agreements to undisclosed parties with the blessing of the Touring Car Entrants Group of Australia (TEGA) and the team's cars and equipment are to be sold separately.

Gore will remain involved in V8 Supercars, with his financial services group Wright Patton Shakespeare continuing as naming-rights sponsor of the WPS Chrysler V8 Supercar Safety Car program for the next five years.

Gore also remains committed to his Team Australia motorsport program and driver Will Power in the Champ Car World Series in the United States, where Team Australia is backed by Gore's Australian wine export company Aussie Vineyards and its Au brand. Gore also has significant involvement in the Gold Coast Indy 300 event each October as an event sponsor.

Gore has sighted two clear reasons for his decision to withdraw his V8 Supercar team from competition his increasing commitment to the continued growth of his businesses, especially the financial services group Wright Patton Shakespeare, as well as his own health.

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Australian V8 Utes UK scribe.