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From an interview with Dane:
After his early efforts in motorcycle racing, Dane switched to cars and — with retired F1 racer Derek Warwick as one of his partners — jumped into the BTCC with an outfit that would become the official Vauxhall (the British cousin of Holden) team.
“When we started Triple Eight in England in the mid-1990s we needed a name to do the presentation to Honda, because that was the first target though Derek’s connections as a dealer.
“We needed a name which wasn’t same-same, something racing, and that people would remember. Given all the business I’d done in Asia, in Hong Kong and Singapore, I knew eight is lucky and triple eight is three times as lucky.”
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