Australian Racing Legend Bob Jane Dead At 88

Australian racing legend Bob Jane has died aged 88. 

The star racer and businessman's family confirmed he passed away on Friday evening after losing his battle with prostate cancer.

Jane is known for his role in the Australia V8 Supercar racing scene. He was the four-time winner of the Armstrong 500, the race which eventually became the famous Bathurst 1000. He was also four-time Australian Touring Car Champion.

In 2000, Jane was inducted into the V8 Supercars Hall of Fame.

Car racing champion Bob Jane has died aged 88. Image: AAP.

Jane was also well known for his tyre manufacturing business, Bob Jane T-Mart. He opened his first store in Melbourne in 1965 and the company remains independent and family owned.

Bob's son, Rodney Jane, is the current CEO of the business. In 2011, the 82-yer-old Bob resigned as chairman of T-Marts due to difficulties with his relationship with his son.

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In 2013, Bob Jane took his son Rodney to court in a move to reclaim $2.9 million he said he lent the business to purchase two Melbourne properties.

The court investigated if $520,000 had been a gift or a loan from Bob to Rodney and whether another $2.4 million was repaid to Bob from the company.

Rodney Jane is the current CEO of Bob Jane T-Marts. Image: AAP.

Bob Jane accused his son of robbing him and taking advantage of him while he has been recovering from a stroke he suffered in 2006, but the judge threw out the claim they he was owed any money.

Following the case, Bob Jane told Fairfax Media that there would be no chance of reconciling with his son.

Jane is survived by his four children, Rodney, Robert, Courtney and Charlotte.

Jane was also know for his tyre business, Bob Jane T-Marts. Image: AAP.
Australians React To Bob Jane's Passing

Just minutes after news broke that Bob Jane had died, Australians from across the country posted to social media, paying tribute to the racing champion.

Supercars Australia released a statement recognising Jane as one of the greatest talents Australian Racing has ever seen.

“Bob was one of the greatest race car drivers the Australian Touring Car Championship has seen," Supercars CEO Sean Seamer said in the statement.

"Driving in one of Australian motorsport’s greatest eras, his accomplishments on and off the track will long be remembered. Few will ever win four Championships and Bathurst crowns, let alone four 1000 titles a row, the first two of those coming when the Great Race was first held at Phillip Island."

Contact Siobhan at  skenna@networkten.com.au