|
||||||||||
|
||||||||||
|
14 Apr 2018, 04:57 (Ref:3815349) | #1 | |
Veteran
Join Date: Dec 2011
Posts: 7,396
|
Archer Capital Gone
|
|
|
14 Apr 2018, 09:20 (Ref:3815391) | #2 | |
Veteran
Join Date: Dec 2011
Posts: 7,396
|
The trickle-down effect on the motorsport industry in this country will be immense, if the catagory falls over.
|
|
|
14 Apr 2018, 09:37 (Ref:3815392) | #3 | ||
Veteran
Join Date: Aug 2003
Posts: 4,687
|
Archer is closing down over a 5 year period and intend to maximise returns from its current holdings (including Supercar) over that period.
Hardly "gone" but going at some time in the next 5 years. As GTR says, we shall see what that all means in due course but I can't imagine anything will happen all that quickly, unless of course the parties that were reportedly considering purchase last year reactive their interest in the short term. |
||
__________________
“We’re far from having too much horsepower…[m]y definition of too much horsepower is when all four wheels are spinning in every gear.” ― Mark Donohue |
14 Apr 2018, 10:49 (Ref:3815399) | #4 | |||
Race Official
1% Club
Join Date: Dec 2002
Posts: 47,398
|
Quote:
Supercar has many more pieces in the puzzle than that business, however the sale timeline will still assure a proper process to search for their new parent... to maximise the financial income, and potentially to manage an earn out arrangement likely to be in place. An investment of $2m or so would produce a financial prospectus capable of being listed on the ASX... so that shouldnt be discounted as a possibility. Perhaps Mr Miles can effect a sale to another partner, as he did to Archer all those years ago |
|||
__________________
Go woke, Go broke… #CANCERSUCKS #GOCHIKO Here’s hoping a random universe works out in your favour… The meaning of life… ENJOYING THE PASSAGE OF TIME! |
14 Apr 2018, 11:00 (Ref:3815402) | #5 | ||
Veteran
Join Date: Mar 2003
Posts: 3,220
|
Would Fox be a possible suitor?
|
||
__________________
The Jerk Store rang... |
14 Apr 2018, 11:14 (Ref:3815410) | #6 | ||
Race Official
1% Club
Join Date: Dec 2002
Posts: 47,398
|
|||
__________________
Go woke, Go broke… #CANCERSUCKS #GOCHIKO Here’s hoping a random universe works out in your favour… The meaning of life… ENJOYING THE PASSAGE OF TIME! |
15 Apr 2018, 01:12 (Ref:3815575) | #7 | |
Veteran
Join Date: Aug 2004
Posts: 3,356
|
If Archer couldn't get what they wanted for it a year or so a go, they probably won't even get what was offered initially in this (5 year) fire sale
|
|
|
14 Apr 2018, 11:13 (Ref:3815409) | #8 | ||
Veteran
Join Date: Feb 2005
Posts: 8,611
|
Whoever buys it from Archer gets a bargain compared to what they paid for it. The multitude of unanswered questions about the category’s future won’t have helped Archers efforts to offload up to now anyway.
|
||
__________________
Somebody asked if the McLaren F1 was going to be like the Ferrari F40, Gordon Murray replied, "I don't think so, there's no one at McLaren who can weld that badly." |
15 Apr 2018, 01:27 (Ref:3815580) | #9 | |
Veteran
Join Date: Dec 2015
Posts: 854
|
Has this just been bad management? The series seems to be doing well in regards to crowds/tv numbers, better than a lot of other series in fact (relatively speaking) so I'm missing the part were the value was lost????
|
|
|
15 Apr 2018, 02:48 (Ref:3815586) | #10 | ||
Veteran
Join Date: Dec 2006
Posts: 1,749
|
They vastly overpaid in the first place.Cochrane was like the monorail salesman in The Simpsons and they swallowed his crap.
|
||
|
15 Apr 2018, 03:02 (Ref:3815587) | #11 | |
Rookie
Join Date: Apr 2016
Posts: 37
|
Heh heh, love your work, Alan. And he destroyed Pukekohe and Wanneroo for all spectators and other track users in the name of what Supercars couldn't live without. Not exactly setting the world afire on the GC, either. Appalling man.
|
|
|
17 Apr 2018, 02:12 (Ref:3816091) | #12 | ||
Veteran
Join Date: Apr 2004
Posts: 6,783
|
Be interesting to see who the bidders are and whether the teams themselves might buy back the farm.
|
||
|
18 Apr 2018, 12:22 (Ref:3816344) | #13 | ||
Veteran
Join Date: Mar 2005
Posts: 2,572
|
|||
|
18 Apr 2018, 12:38 (Ref:3816349) | #14 | ||
Veteran
Join Date: Apr 2004
Posts: 6,783
|
|||
|
15 Apr 2018, 01:39 (Ref:3815582) | #15 | |
Veteran
Join Date: Dec 2011
Posts: 7,396
|
I reckon post-2019 will be very different.
Holden will go. Nissan will extend their existing deal to the end of 2019, and leave as well. |
|
|
15 Apr 2018, 02:07 (Ref:3815584) | #16 | ||
Veteran
Join Date: Mar 2003
Posts: 3,220
|
And I know this has been spoken of in a bunch of threads here, but then what?
|
||
__________________
The Jerk Store rang... |
17 Apr 2018, 02:16 (Ref:3816092) | #17 | |
Racer
Join Date: Feb 2005
Posts: 226
|
well todays news of Fords recommiting should help the sale price
|
|
|
17 Apr 2018, 11:02 (Ref:3816141) | #18 | ||
Veteran
Join Date: Aug 2004
Posts: 3,356
|
Quote:
To the general public, Ford were never out of the series, they were still racing and winning. To the great unwashed, is the body shape change to a Mustang really much different to the change from an FG to the FGX? |
||
|
17 Apr 2018, 11:47 (Ref:3816154) | #19 | ||
Veteran
Join Date: May 2004
Posts: 16,040
|
Quote:
however to the buyers of the series having Ford back in would be a winner, how much of a winner is unknown and up to the buyer |
||
|
17 Apr 2018, 13:09 (Ref:3816170) | #20 | ||
Veteran
Join Date: Aug 2003
Posts: 4,687
|
Ford adding a sponsorship to the commercial portfolio would make a small improvement but having a previous "deserter" manufacturer rejoin the series would give it a lot more credibility for a potential purchaser but might also mean a higher purchase price so double edged sword - at the least give them reason to not walk away but maintain an interest to see where it leads.
|
||
__________________
“We’re far from having too much horsepower…[m]y definition of too much horsepower is when all four wheels are spinning in every gear.” ― Mark Donohue |
18 Apr 2018, 01:28 (Ref:3816278) | #21 | ||
Racer
Join Date: Feb 2005
Posts: 226
|
Quote:
Its more about that there seems to be a future for the series....a potential buyer needs to know theres a future. Having Ford come back in provides for a little more secure future |
||
|
18 Apr 2018, 02:29 (Ref:3816285) | #22 | ||
Racer
Join Date: Feb 2005
Posts: 226
|
Quote:
https://www.smh.com.au/business/comp...13-p4z9gs.html |
||
|
18 Apr 2018, 08:35 (Ref:3816309) | #23 | ||
Veteran
Join Date: Aug 2004
Posts: 3,356
|
Public interest in the product and the popularity of the product surely has an effect on the sale price doesn't it?
Quote:
CART had hugely popular events, four major motor manufacturers backing it, professional teams and big sponsors, and look at where it was in 2003. Having Ford back involved is great, but it hardly secures the future of the series in any way, shape or form. |
||
|
18 Apr 2018, 09:06 (Ref:3816315) | #24 | |||
Veteran
Join Date: Aug 2003
Posts: 4,687
|
Quote:
Having Ford back in doesn't secure the future of the series, I agree with you there but it does strengthen the series and if the series is properly managed the return of Ford could well be something of a watershed moment. |
|||
__________________
“We’re far from having too much horsepower…[m]y definition of too much horsepower is when all four wheels are spinning in every gear.” ― Mark Donohue |
18 Apr 2018, 22:22 (Ref:3816431) | #25 | ||
Racer
Join Date: Feb 2005
Posts: 226
|
Quote:
add to that the the yanks love their cars racing ie more 300k to a race day. then you can see the payback of getting a depressed asset going again in the states will give a much greater return. The issue here is that a racing series with one marque will not have any following. But again...the public arent the people purchasing....it will be business people and business people are looking for a return on their investment |
||
|
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Archer Capital Sets The Price! | GTRMagic | Australasian Touring Cars. | 1 | 16 Feb 2017 23:54 |
[Rumours] CVC Capital Partners to sell FOM to Abu Dhabi Sovereign Wealth Fund??? | duke_toaster | Formula One | 1 | 8 Jan 2011 03:32 |
Tommy Archer on Windbag Tonight | Liz | Sportscar & GT Racing | 12 | 26 Aug 2004 23:16 |