http://www.heraldsun.com.au/sport/m...k-johnson-racing/story-e6frfgb6-1226567385907
FORD legend Dick Johnson has vowed to "'fight until the death" after confirming a cash crisis is threatening to end his 48-year motor racing career.
Johnson admitted the future of his seven-time championship-winning team and his ties to the sport, which began in 1968, were in grave doubt.
In what would be a devastating blow for V8 Supercars, he said Dick Johnson Racing (DJR) would be unable to complete the season unless new sponsors were found.
Johnson is a legend of V8 racing, becoming Ford's most successful and famous driver with three Bathurst wins and a record five championships.
"We are going to fight until the death," Johnson said. "We are in a bit of a hole at the moment but we are doing our best to dig our way out. We are currently talking to a number of people and doing everything we can to replace the sponsors we have lost."
Johnson's team has been crippled by major sponsor Jim Beam opting not to renew its deal and an investor backing out of a proposed co-ownership agreement at the 11th hour.
Johnson mortgaged his house in 1979 to begin the race team that would go on to become the most successful Ford outfit in V8 racing.
He became a household name when his Tru-Blu Falcon smashed into a rock at Bathurst in 1980, with the public donating almost $80,000 so he could rebuild his car and save his team. He is hoping for a similar miracle.
"I am not going to run over another rock but we need some help," Johnson said. "Sponsors aren't that easy to find even though we can provide a huge amount of value for them. We are going to be very fast this year and competitive and just need to get someone on board.
"We need to fill the gap that we have. Our team has an extremely high profile and there are plenty of benefits for sponsors. We can give them so much value.
"We have won seven championships and three Bathursts. We are the longest-standing team and need to be part of the act. V8 Supercars would lose a lot of history if we weren't around and we hope there is a sponsor out there for us."
Johnson said his team would be on the grid for the first race, with the outfit risking a $150,000 fine for a no-show. He addressed his staff last Thursday, telling them of his financial position.
"We have an obligation under the V8 Supercars franchise holding agreement that it has to run," Johnson said. "There is a hefty fine involved if we don't. We need to find a way to get there.
"I have to run the cars at Adelaide for the simple reason that I need to protect the licence. We are going to make every effort to get there. It is a must for us to be there, one way or another."
V8 Supercars said they could not offer Johnson any financial assistance.
"Under the Racing Entitlements Agreement (REC) each team is its own entity, responsible for its business and financial affairs. Under these agreements there are well-defined boundaries regarding what assistance V8 Supercars can offer," the sport's chief executive David Malone said.
"Dick Johnson Racing is an iconic part of the Australian sporting landscape. In more than 30 years Dick has become part of sporting folklore. It would be a very sad day should the dynasty come to an end."
Finance Ezi owner Maurice Pickering stepped away from a partnership with Johnson and Crim Safe's Steve Braeback two weeks ago.
"We had a heads of agreement with Maurice but he decided not to go through with it," Johnson said.