Walkinshaw Andretti United is searching for a new major sponsor after the collapse of MEGA Limited.
The team has today confirmed it has formally terminated its deal with MEGA, which went into receivership late last month.
MEGA joined the team as co-naming rights sponsor this season alongside Mobil 1, having previously backed Tickford Racing in 2017.
A statement from WAU stressed that the development will not impact the squad’s on-track program, which continues at the ITM Auckland SuperSprint next weekend.
“Walkinshaw Andretti United (WAU) advises that it has today terminated its sponsorship agreement with MEGA Limited as co-naming rights partner, effective immediately,” read the statement.
“The decision was made by the Team as a result of the appointment of administrators to MEGA and receivers and managers over its property; a situation completely out of the team's control.
“WAU thank MEGA for their support to this point in the 2019 Virgin Australia Supercars Championship.
“Our on-track program will continue to operate as normal, starting with the Auckland SuperSprint on September 13-15, 2019.
“The Team has commenced the process of securing replacement partner(s) for the remainder of the 2019 season, as an exciting opportunity arises for brands to have both local and international exposure through a major branding position on the car(s) at some of the biggest events on the calendar, including the upcoming Bathurst 1000.”
The MEGA sponsorship was spread across both of the team’s entries, driven by Scott Pye and James Courtney.
MEGA had used the branding of various subsidiaries on the cars at recent events.