Kelly's funding is secure

The financial company went into voluntary administration last week as the Australian Securities and Investments Commission launched an investigation into its actions.

Company director Anthony Blumberg is a passionate motor-racing supporter and has invested millions of dollars into the sport both locally and internationally.

Kelly's HSV Dealer Team Holden Commodore was one of 12 cars to carry Opes Prime sponsorship.

In addition to the Championship Series V8 Supercar, the company also backed Marcus Zukanovic's Development Series entry, a Porsche in the Carrera Cup, a Formula Ford and an entry in the Renault V6 Asia series.

Blumberg also bought five Formula Three cars and sponsored the local championship. He also invested in the Conquest Racing Indycar team in America.

HSVDT said it was unaffected by the company's problems, but was likely to ditch its Opes Prime branding before the next round of the series.

“Opes Prime is up to date with its contractual sponsorship obligations to the HSV Dealer Team at this time,” the HSVDT statement said.

“The HSV Dealer Team will compete at the next round of the V8 Supercar Championship in Hamilton, New Zealand, and subsequent rounds for the remainder of 2008. The team is examining its contractual obligations to continue to display Opes Prime branding.”

It is believed HSVDT's deal was the only sponsorship arranged officially through the company. The rest of the deals were done personally by Blumberg.

The Australian Formula Three Series also issued a statement, saying everything would continue as normal despite Opes Prime's significant involvement in the championship. Blumberg reportedly spent $120,000 on the series' annual prize fund.