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20 Apr 2013, 11:14 (Ref:3236995) | #26 | ||
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20 Apr 2013, 16:28 (Ref:3237059) | #27 | ||
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If I was Archer, I would be ****ed off!... If I was a licence holder I would also be a bit peeved! Some say that TC lifted the sport to the current level.... But... at what price. |
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21 Apr 2013, 02:47 (Ref:3237225) | #28 | |||
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Pecky has it fairly right in the post above yours, so I'm told from several people I know still working in the main game. The feeling is that Archer has dramatically dropped the ball since they bought the majority shareholding - poor structure, wrong people employed in wrong roles, not enough attention / interaction on sponsors etc. It takes a fair while to build up a business but it can be knocked over VERY quickly by poor management - two years is plenty of time to do that. Sure, the sport wasn't perfect when they took over but what business ever is? There were definitely challenges but a whole raft of positive things as well. Many of the poor structure / wrong people issues are now being addressed - Friday was a good example of that but jeez it should have happened well over a year ago (getting the structure right I mean). There is plenty of work to do for Archer but in all honesty, some adjustment was to be expected when an organisation is moving from an entrepreneur driven mindset to more of a corporate one - it's a big change - let's hope that they get it right this time. |
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21 Apr 2013, 02:52 (Ref:3237226) | #29 | ||
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D.R.T. and dirtymacca. They get it.
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22 Apr 2013, 01:40 (Ref:3237644) | #30 | |
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so let me ask a question. We can all sprout TC's name and inititials because he was the face of the series and off the major shareholder. he was committed and passionate.
Who is the face of Archer and major shareholder. Do Archer even attend racers? Who has the skin on the line who is committed and passionate? That in my opinion is why the series is struggling. We no longer have the figure head. I've argued the same about HRT also (in the appropriate place) |
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22 Apr 2013, 06:34 (Ref:3237707) | #31 | ||
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Dare I ask, who are you asking?
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22 Apr 2013, 09:08 (Ref:3237780) | #32 | |
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22 Apr 2013, 09:49 (Ref:3237794) | #33 | |
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Why?
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22 Apr 2013, 09:53 (Ref:3237797) | #34 | |
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Why what?
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22 Apr 2013, 23:25 (Ref:3238173) | #35 | |||
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Our friends at the Fin Review are still looking for answers..
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24 Apr 2013, 04:53 (Ref:3238713) | #36 | ||
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Mr Fogarty has an 'interesting' solution to the leadership 'crisis' at V8Supercar in AA this week...
To paraphrase... '... Sack the lot of 'em... The Archer guys, the team owners, all of them...' It would be an interesting strategy to improve the series' leadership, by killing off ALL of the leaders... One point of interest was that Mr Dane has been on or around the group selecting the CEO the last 3 times.. and if you didnt know better, you might wonder whether he sees that commonality of selector, and poor strategic personnel choice, and wonder if somehow perhaps, hypothetically of course, that they may be linked |
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26 Apr 2013, 10:12 (Ref:3239611) | #37 | ||
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26 Apr 2013, 10:20 (Ref:3239612) | #38 | ||
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interesting that he is a another recent appointment two dodgy appointments in a row Not a fun place to work at the moment |
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26 Apr 2013, 12:15 (Ref:3239638) | #39 | ||
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Also seems bizarre to have Malone on the board while choosing a new CEO, the role he has just been sacked from??? Although in reality Malone probably will never attend another board meeting, as it's simply a lame attempt at saving face. No doubt the boning of 3 CEOs and the Chairman will deter some candidates from applying for the role. |
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26 Apr 2013, 12:22 (Ref:3239639) | #40 | |
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26 Apr 2013, 13:14 (Ref:3239653) | #41 | ||
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Andrew Gray (Archer Managing Director) Brad Lancken (Archer) Roland Dane Brad Jones David Malone (former CEO) So these are the guys who booted TC... wonder if Jones and Dane voted with the Archer guys on that one!?!?! |
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26 Apr 2013, 15:33 (Ref:3239676) | #42 | |||
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I mean if you can last the 'typical' 18-24 month lifespan, and still walk away with a decent severance... A severance eating into the teams' REC income of course |
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27 Apr 2013, 05:31 (Ref:3239887) | #43 | ||
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Archer were dumb for buying V8sc. Not the best day in the company's history. I wouldnt buy food off him, even if I was a starving man.
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27 Apr 2013, 05:45 (Ref:3239893) | #44 | |
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does anyone remember how kerry packer sold channel 9 for a fortune and bought it back 3 years later for quarter of the price. Food for thought
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27 Apr 2013, 09:41 (Ref:3239922) | #45 | |
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Might sound good if you're earning a lot less than that, but when trying to hire a top CEO who already has a similar paying job then it doesn't sound as fun if you have to move your family interstate etc for a much less secure job.
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28 Apr 2013, 10:07 (Ref:3240191) | #46 | ||
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There's a real Ford v Holden, Liberal v Labor vibe in this thread which is odd. One side has TC as the root of all evil; the other is that everything is Archer's fault. Not sure how anyone justifies either approach (other than using blinkers on their one-eye).
It's both. Too many of TC's sales dramatically underdelivered. TV ratings, event attendance figures (the real ones as opposed to what V8SC trotted out). The problem with taking government money is the scrutiny that comes with it. And the stupidity of getting involved with Ian McDonald and his cronies defies belief. Overseas expansion has been a dismal failure in every instance (excluding NZ). Texas is really their last chance to do this because if that fails then it's all over for international expansion. It's drawn rubbish crowds everywhere else. The business model is based on taxpayer funding events, which given how much debt the states are in is a dire model indeed. It's fine if you run an event like Clipsal which actually makes money, not just 'generates economic activity', but Surfers, Homebush & Townsville are in real danger. For what it's worth, I think Surfers and Townsville actually have a sound economic rationale to them. Homebush was just a bad idea all round. Also, something that wasn't apparent to me until this year was, in one driver's words, how 'stale' the series had become in recent years. Repetitive winners, same cars, same drivers etc. Last year was, quite frankly, one of the most boring on record. That was the climate that the TV deal was done in, not to mention they had a bad timing issue. Not just the AFL, NRL & FFA deals being done, but more because Cricket has not been completed and everybody is bidding for that. C10 wants a piece of it and it won't commit much money elsewhere as it can't afford two premium sports on its roster. So no serious cash from C10 = no bidding war = current TV deal. But, with COTF, despite all its problems, is producing fantastic racing, new winners and far more interest and energy in the series. If this keeps up throughout this year and next, then the series will be offering a far better product and, hopefully, increased attendances at events. The other side of the coin - Archer. No question, they overpaid. No question, they bear a lot of responsibility for what has gone on. They are also having to deal with many legacy issues such as those listed above, but their choice of personnel has been questionable to say the least. Malone was a failure, Warburton is unlikely to do much better. They could/should bring in a Smith or Demetriou style CEO (like they intended with James Strong) and put a strong motorsport-experienced structure around him or her - as Smith has done this week with the NRL. When the V8s lost SEL with the Archer buyout, they lost a lot of marketing nous - which is obvious from the departure of sponsors. Granted, some of these are natural attrition - law of diminishing returns means sponsors leave after a while - but they haven't replaced enough of them. Fogarty has a point - there needs to be a thorough cleanout, including the board. The problem is, who chooses the board replacements? That is who has failed V8SC the most. The board should be implementing the correct structures and filling them with the right people. They've failed to do so. |
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29 Apr 2013, 09:28 (Ref:3240502) | #47 | |||
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More in the Fin Review today...
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29 Apr 2013, 09:32 (Ref:3240504) | #48 | ||
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12 May 2013, 23:18 (Ref:3246461) | #49 | ||
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Looks like Mr Warburton has been appointed... the V8SC app provided a link to the story, yet isnt on the main site
Mr Gray of Archer and Mr Dane of 888 are each quoted as saying that this is a major appointment, that Mr Warburton is a smart/capable/credentialed/love of the sport Start date.. 1 June 2013. Remember this day, and the comments in around a years time.. they may be poignant EDIT: Article Here |
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12 May 2013, 23:52 (Ref:3246466) | #50 | ||
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