●Aaron Hickmann is a millionaire entrepreneur who founded the company Vailo.123●He moved from South Australia to Queensland earlier in the year.14●Vailo is the naming sponsor for the Adelaide 500 race.5●Mr. Hickmann is facing several lawsuits and debts in both Queensland and South Australia.3●Lenders are suing Mr. Hickmann over defaulted property and jet ski loans totaling at least $614,000.3●He has lost control of two vineyards in the Adelaide Hills and McLaren Vale due to unpaid debts to lenders.6●External receivers have also seized control of a warehouse property in Parkside over claims of a defaulted loan.6●Bizcap, a Victorian small business lender, has taken control of Hickmann’s Blackwood vineyard, The Range property, and Parkside property due to more than $2.5 million in unpaid debts.678●Mr. Hickmann is involved in two separate land tax debt disputes, one involving a Glenelg home and the other involving the Parkside property.910●Additionally, Mr. Hickmann is being sued by Australian Motorcycle and Marine Finance Pty Ltd over defaulted loans on two jet skis.411●Mr. Hickmann maintains that all claims against him are being dealt with and disputes any outstanding debts.910●Despite the financial troubles surrounding Mr. Hickmann and his companies, the CEO of SA Motorsport, Mark Warren, stated that Vailo is on track to meet its sponsorship obligations for the Adelaide 500 race.12●Mr. Warren expressed satisfaction with Vailo as a sponsor and indicated openness to extending the sponsorship contract.12●Mr. Hickmann's lawyer, Greg Griffin, acknowledges a matter with the Australian Taxation Office but asserts that it is unrelated to Vailo and that Mr. Hickmann has been compliant.13copy_allthumb_upthumb_downkeep_pinSave to note

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