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24 Nov 2013, 05:53 (Ref:3335892) | #1 | ||
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V8Supercars To Return To Private Ownership??
Story Here
Makes sense.. if the will & dollars are available.. But can the people named here get on with one another long enough to get a deal done ?? |
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24 Nov 2013, 07:01 (Ref:3335902) | #2 | ||
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Rumours about this were circulating of course a few months ago. Will have to see how it all pans out.
The question of getting along is a good one - they've all managed to do it as TEGA but once various parties are tipping in hard cash, things may change. |
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“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 |
24 Nov 2013, 09:05 (Ref:3335932) | #3 | ||
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The James Phelps agenda push continues.
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Upon entry into the Bathurst 1000, it should be mandatory to view the compelling "Moffat - Man and the Mountain" film |
24 Nov 2013, 10:09 (Ref:3335955) | #4 | |
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I find it hard to believe that Dick Johnson has enough financial wedge to be able to weigh in on it.
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24 Nov 2013, 10:20 (Ref:3335960) | #5 | |
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24 Nov 2013, 12:12 (Ref:3335987) | #6 | |
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24 Nov 2013, 18:19 (Ref:3336082) | #7 | |
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Archer Capital was supposed to network a bunch of brands for sponsorship and bring in a lot more revenue. Instead somewhat mysteriously it all disappeared. How the franchise holders went from nearly a million in income a year to nothing is a mystery. Yes the TV deal went down some, but not that much.
Since they took over, it's been bumbling around so hopefully the team owners can buy it back because they'll do a better job running it. |
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Wolverines! |
24 Nov 2013, 19:04 (Ref:3336109) | #8 | ||
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Would this allow more than 28 starters? If so, I'm all for it.
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24 Nov 2013, 19:28 (Ref:3336121) | #9 | ||
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"The Great Race" 22 November 1960 - 21 July 1999 |
24 Nov 2013, 20:35 (Ref:3336159) | #10 | |
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Bring back Tony Cochran!!!
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24 Nov 2013, 21:45 (Ref:3336188) | #11 | ||
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Go woke, Go broke… Here’s hoping a random universe works out in your favour… The meaning of life… ENJOYING THE PASSAGE OF TIME! #CANCERSUCKS |
25 Nov 2013, 00:22 (Ref:3336282) | #12 | ||
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25 Nov 2013, 00:28 (Ref:3336286) | #13 | |
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I was hoping that was the case, but you can never be sure.
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25 Nov 2013, 03:01 (Ref:3336327) | #14 | ||
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Perhaps Betty could have a word to Frank, as he is into Soccer, Maybe Westfield can buy it ?
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25 Nov 2013, 03:07 (Ref:3336328) | #15 | |
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team owners are planning to buy back their sport
http://www.foxsports.com.au/motor-sp...-1226767033402 http://www.dailytelegraph.com.au/spo...-1226767033402 Last edited by TWRv12; 25 Nov 2013 at 03:12. |
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Cromley: "With the margin Gareth has, he doesn't need to play for sheep stations" |
25 Nov 2013, 07:25 (Ref:3336372) | #16 | ||
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Thanks TWR - those are both the same story linked in the first post by the look of them.
Interesting quote from the story: "The talks have not been escalated to the entire group, with the most powerful team owner and a person essential to any bid claiming he had not been included in any discussion." Wonder who "the most powerful team owner" is meant to be? Roland is part of the group, Betty too. Surely the author doesn't seriously consider a Kelly to be "the most powerful team owner"? |
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“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 |
25 Nov 2013, 08:41 (Ref:3336386) | #17 | |
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Mr R. Walkinshaw, I'd say.
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25 Nov 2013, 11:12 (Ref:3336439) | #18 | ||
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Go woke, Go broke… Here’s hoping a random universe works out in your favour… The meaning of life… ENJOYING THE PASSAGE OF TIME! #CANCERSUCKS |
25 Nov 2013, 11:20 (Ref:3336445) | #19 | |||
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Our friends at the Fin Review have cottoned on to this story as well... in today's paper...
Quote:
It is likely they will need a sponsor, another private equity player, with access to cash, and actual management expertise to bring to the table. Having worked with a number of private equity-owed businesses, I am amazed at the lack of day to day operational input and visibility the Archer Capital crowd seem to have with the sport... |
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Go woke, Go broke… Here’s hoping a random universe works out in your favour… The meaning of life… ENJOYING THE PASSAGE OF TIME! #CANCERSUCKS |
25 Nov 2013, 13:42 (Ref:3336498) | #20 | ||
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“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 |
25 Nov 2013, 13:50 (Ref:3336503) | #21 | |
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Most of V8s woes have not been created by Archer, but it's pretty hard to come up with anything positive they've done. No new sponsors/markets/partners to be seen?
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25 Nov 2013, 14:53 (Ref:3336527) | #22 | |
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I only see it from the outside, but ever since they took over it's looked like a ship adrift at sea, which is kind of curious considering the massive sum paid.
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25 Nov 2013, 20:24 (Ref:3336661) | #23 | |||
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Quote:
Merchant Bankers/Private Equity firms are not in the business of actualy running them, they are more aligned to dress them up like a christmas dinner , whilst reduce spending , to show nice bank balance and cash flow etc to sell for a tidy profit. They are similar to Govts, there for a few years, not the best ppl to have running a business forever as it is not in their interests. They are there to make money nothing more nothing less. |
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25 Nov 2013, 20:29 (Ref:3336665) | #24 | |||
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Quote:
Most suffer from "short arm -long pocket disease", just cant get to the wallet to get the money out |
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25 Nov 2013, 22:02 (Ref:3336716) | #25 | |||
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Quote:
Where does the article say him and Betty are part of the group wanting to buy it back? All it says is they are team owners, not THE team owners concerned in the buy back |
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