Steven Richards is today on the verge of defecting from Holden and signing with Ford-Tickford Racing for next season.

In an extraordinary twist to the Silly Season festivities, Richards will in the next few days sign-up to replace the outgoing Neil Crompton at the Factory-backed Ford outfit.

The 28-year-old dual Bathurst winner emerged as FTR's choice pilot despite much of the speculation being centred on Queenslander Cameron McLean to claim the mount. Wayne Gardner and Cameron McConville were also believed to be in contention.

The signing leaves a high-profile vacancy at K-Mart Racing next season and beyond.

It could open the door for Craig Lowndes to remain with Holden and join the K-Mart operation, reuniting with his friend and former HRT colleague Greg Murphy.

It is believed former chief Fred Gibson has bought back the franchise and much of K-Mart Racing from Garry Dumbrell in the past few weeks, and is keen to form a partnership with the in-limbo Lowndes.

An official announcement from FTR is expected in the next few days.