V8 Supercars has commenced a market tender of three surrendered Racing Entitlements Contracts (RECs) ahead of the 2015 Championship season.

As arguably one of the most revered and professional motorsport categories in the world, V8 Supercars has already had interest from numerous parties in Australia and overseas.

Registrations of interest to participate in the tender, being managed by independent auditing firm Ernst & Young, must be submitted to V8 Supercars by no later than 5.00pm (AEST) on 8 July 2014.

“This is a fantastic opportunity to compete in one of the most successful categories in world motorsport and we believe there will be significant interest,” V8 Supercars CEO James Warburton said.

The three available RECs are available for purchase by parties to compete from the 2015 season. Each REC entitles a party to race once car in each Championship event. The RECs can be purchased as single entries or in any combination.

In the past two seasons V8 Supercars’ enormously successful New Generation V8 Supercar has led to entries by Nissan, Volvo and Erebus Motorsport which runs two Mercedes-Benz AMG E63s.

The platform enables new brands to enter and compete in the Championship.

V8 Supercars’ reputation as one of the most competitive forms of motorsport in the world. In 19 races so far this season there has been 10 different winners and all brands separated by just 18 metres across qualifying in the opening six events.

Only parties that have submitted completed Registration of Interest Forms by this time will be eligible to submit an offer for the available Racing Entitlement Contracts.