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Penrite Oil extends deal with Grove Racing

Penrite Oil to continue as naming-rights sponsor of Grove Racing’s two Ford Mustangs.

22 November 2023

Penrite Oil and Grove Racing have agreed on an extended naming-rights deal for the next two seasons.

Penrite Oil will remain with the Ford team that will field Matt Payne and Richie Stanaway in 2024, with the latter replacing the Team 18-bound David Reynolds.

Team owner Stephen Grove said: “I’m excited to bring together two proudly Australian companies as we pursue excellence in the most competitive Touring car series in the world. I’m looking forward to further building our relationship and achieving success both on and off the track.”

Penrite Racing team principal David Cauchi, added: “It’s fantastic to be renewing our partnership with Penrite Oil. We are proud to represent such an iconic Australian brand who have a rich history in Australian motorsport. We look forward to this next chapter in our partnership where we can build on our strong foundations developed over the past two years.”

Penrite Oil has been a regularly sponsor of Supercars, backing Erebus Motorsport before moving to Kelly Racing/Grove Racing.

“We’re really pleased to continue our relationship with Grove Racing,” said Penrite Oil chief executive officer, Toby Dymond.

“It’s exciting to see the building blocks in place with David Cauchi and the entire team, and the building renovations are complete after our first win together at the Gold Coast.”

“It was only fitting that Reynolds, who has been a fantastic brand ambassador for us across eight years, was behind the wheel for the win and we wish him continued success at his new team. But first we want one more in Adelaide to send him off in style.

“For 2024 onwards we wanted naming rights on two cars and a multi-year term to demonstrate our intentions to be here for the long term in Supercars. We love our shared vision for victory with the Grove family and look forward to achieving great results together.”