Tickford Is On The Market!!

[GTRMagic]

Story Here

Just about year this possibility was much rumoured, with possible suitors balking at what is usually reported to be large yet unquoted sell price.

Wonder if a change of control might invalidate drive and/or sponsor contracts.
If so.. it would probably impact the sell price… yet equally allow a marketer with a possible full budget to put his hand to any and all aspects of the operation…

Interesting times..

[Trevor]

and if the new owner will stick with Ford

[Sandgroper]

Sure Mr Adderton now has his opportunity ?

Monster Boost

[GTRMagic]

Amidst a bunch of other chat rubbish ig this article, the AA podcast, Mr Clarke in particular, reckons the only way to have the current owners exit the rented Tickford building is writing a cheque for $25 million

[Trevor]

That sounds too cheap

[one five five]

Originally Posted by Sandgroper

Sure Mr Adderton now has his opportunity ?

Monster Boost

Adderton has stated many times he’s interested in RECs to have a “Boost Mobile Racing” team if his own, like Red Bull Racing.

Co-ownership or team sales with strings attached are no good to him

[GTRMagic]

Originally Posted by Trevor

That sounds too cheap

Two RECs, 4x Gen 3 chassis, 4x Gen 2 chassis, spares for all, 2x B-double transporters, a bunch of well kept machine tools, chassis jigs and high cost CNC, a hefty dyno room, a clean room for preparing components. the brand name, and a variety of employees that know how to put a car on the track without the wheels falling off.. plus sponsor agreements to help pay for it.. but likely not the building the team is said not to own.

If the team owners are still kicking money into the operation. Every year, it has a truly dreadful ROI, and is looking for a patronage not a commercial investor.

Perhaps.

V8Supercar teams, especially non-homologating ones, are largely tuners these days. There is no need for a massive machine shop for Gen3 as all the bits rock up in a box from someone else.

[Jack65]

Originally Posted by GTRMagic

... is writing a cheque for $25 million

Knock off a zero and you get a more realistic price.

[Sandgroper]

Originally Posted by Jack65

Knock off a zero and you get a more realistic price.

Arnt the RECs worth a few mill on their own now?

Gone are the days when there were in the mid hundreds

[Jack65]

They were going for $1.5 million in the 2009 - 2012 period. But I believe some of the more recent sales have been low six figures.

[Langers]

Originally Posted by GTRMagic

Amidst a bunch of other chat rubbish ig this article, the AA podcast, Mr Clarke in particular, reckons the only way to have the current owners exit the rented Tickford building is writing a cheque for $25 million

Absurd number.

I can’t imagine that assets + earnings make it worthwhile at that price.

[Mixer]

Originally Posted by GTRMagic

If the team owners are still kicking money into the operation. Every year, it has a truly dreadful ROI, and is looking for a patronage not a commercial investor.

yeah imagine if they didn't lowball and pinch sponsors?

[GTRMagic]

Originally Posted by Mixer

yeah imagine if they didn't lowball and pinch sponsors?

Good opportunity to rifle thru the T18 portfolio.. still lots of space on each car, and some have been there before..

[Kingair]

$25 million is probably a little optimistic.

The old adage if it’s got tits or tyres, flies, floats or fornicates it will give you grief must be applied to the asking price equation.

The man from the auction house reckoned Cam Waters Mustang was valued from $100k to $200k.

[GTRMagic]

Originally Posted by Kingair

$25 million is probably a little optimistic.

The old adage if it’s got tits or tyres, flies, floats or fornicates it will give you grief must be applied to the asking price equation.

The man from the auction house reckoned Cam Waters Mustang was valued from $100k to $200k.

If you can get the crinkles out of it, and exorcise the pink paint, the Gen2 car for sale again Story Here

[Langers]

Originally Posted by Kingair

$25 million is probably a little optimistic.

The old adage if it’s got tits or tyres, flies, floats or fornicates it will give you grief must be applied to the asking price equation.

The man from the auction house reckoned Cam Waters Mustang was valued from $100k to $200k.

That price seems way off? Or do you mean from several years ago?