A New Era
Following the 2004 season, Walker sold a share of the team to Australian businessmen Craig Gore and John Fish, with this deal seeing the operation rebranded as Team Australia. The team signed Alex Tagliani and Marcus Marshall to run Aussie Vineyards-sponsored Lola chassis for the 2005 season, with Walker remaining at the helm of the team. In late 2005 Will Power was drafted in place of Marshall, with the Power/Tagliani combination proving a solid one as the team rises with the added stability and increased funding under the Team Australia relationship.
In 2006 Team Australia also established a Champ Car Atlantic Championship team for drivers James Davison and Simon Pagenaud. Walker is also co-owner of Formula BMW USA team Walker Haberfeld Racing, with former Walker driver Mario Haberfeld for drivers Marco Santos and David Rangel.
On 7 April 2007, Walker won his first race as a team owner since 1999. Team Australia's Will Power won the inaugural Las Vegas GP.
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“How many a man has dated a new era in his life from the reading of a book! The book exists for us, perchance, that will explain our miracles and reveal new ones. The at present unutterable things we may find somewhere uttered.”
—Henry David Thoreau (1817–1862)