New Owner For Supercar Category? - Page 2

Mixer · 14 Aug 2023, 09:12 (Ref:4172685)

Quote:

Originally Posted by Alan52

The last 19 posts have absolutely nothing to do with the thread topic.A new record!
Meanwhile question is why haven’t the usual motor racing web sites picked up on the sale -prospective or done deal?

Am not sure why they should pick up a story about an unsolicited bid?

Alan52 · 14 Aug 2023, 09:36 (Ref:4172692)

Quote:

Originally Posted by Mixer

Am not sure why they should pick up a story about an unsolicited bid?

You have never read the Business pages of a newspaper?

Mixer · 14 Aug 2023, 10:23 (Ref:4172701)

Quote:

Originally Posted by Alan52

You have never read the Business pages of a newspaper?

This isn't a business where hostile takeovers are possible, unlike traditional business or publicly traded companies.

Mixer · 15 Aug 2023, 07:14 (Ref:4172837)

Publicity stunt?

https://www.speedcafe.com/2023/08/15...DfnsUlk83sx7ZE

Tourer · 15 Aug 2023, 08:11 (Ref:4172846)

So seems like the supposed bid (so far anyway) comprises of both smoke AND mirrors. Speedcafe has done good work in that article - thanks for sharing Mixer.

Some good investigation, clearly taking the trouble to speak to a number of stakeholders / interested parties and it appears that nothing happening at this stage or maybe ever.....

**GTRMagic** · 15 Aug 2023, 10:40 (Ref:4172852)

Quote:

Originally Posted by Mixer

Publicity stunt?

https://www.speedcafe.com/2023/08/15...DfnsUlk83sx7ZE

Where is the quote from a Shahin’s family member?
One of them was a captive audience in the QR paddock all weekend
Are they scared to ask?

Compromised · 15 Aug 2023, 19:42 (Ref:4172910)

Quote:

Originally Posted by GTRMagic

Where is the quote from a Shahin’s family member?
One of them was a captive audience in the QR paddock all weekend
Are they scared to ask?

It's funny isn't it? In most cases you'd talk up a prospective buyer and what it implies for the series (ie. desirable to buy), but for some reason not this time...

Tourer · 16 Aug 2023, 01:57 (Ref:4172937)

Quote:

Originally Posted by GTRMagic

Where is the quote from a Shahin’s family member?
One of them was a captive audience in the QR paddock all weekend
Are they scared to ask?

Given the number of "out there" statements that have come out of the Shahin stable (although to be fair, that was a while ago) with an alternate general propensity to not disclose much, maybe the thought was that there wasn't a whole lot of point approaching them, when approaching those who were spoken to would give a clear indication on whether it was "real" or not.

one five five · 16 Aug 2023, 02:23 (Ref:4172945)

I’d hardly be taking a Speedcafe article as an impartial reporting of what’s going on here.

Not too say Supercars is being sold of course, but that article comes across shockingly biased.

cavvy · 16 Aug 2023, 04:26 (Ref:4172950)

Quote:

Originally Posted by bluesport

7eleven was sold reently.

Its been for sale, I havent seen its new owner IF the deal is done.
Are you suggesting the Shahin family have bought it ?

cavvy · 16 Aug 2023, 04:49 (Ref:4172951)

Quote:

Originally Posted by Compromised

The current, uh.... situation may be causing the new owners buyers remorse.

I'm all for it, but it has to be a clean house. No Skaife advisory positions please

I had my doubts when Craig Kelly left the scene to be CE0 at AFL club Collingwood. Jeff Browne is the Chairman there & still involved with Walkinshaws.

bluesport · 16 Aug 2023, 05:48 (Ref:4172954)

Quote:

Originally Posted by cavvy

Its been for sale, I havent seen its new owner IF the deal is done.
Are you suggesting the Shahin family have bought it ?

Not at all, I just thought that it had been sold and that it might be what GTR was referring to.

bluesport · 17 Aug 2023, 23:44 (Ref:4173166)

Shahin responds to Supercars buy-out rumour

https://www.speedcafe.com/2023/08/17...uy-out-rumour/

Mixer · 19 Aug 2023, 01:57 (Ref:4173281)

Whether it's true or not I wish I had the good fortune to be born into the position they were, and the boardroom nous to grow their businesses the way they have, so I could invest so heavily into the sport I love, like they do.

We're lucky to have guys like the Shahins and Tony Quinn who do such a good job making money they can spend eye watering sums on things that we get to enjoy.

No doubt I'd love to have a beer with Tony Quinn.

Ares · 19 Aug 2023, 02:10 (Ref:4173283)

Quote:

Originally Posted by Mixer

Whether it's true or not I wish I had the good fortune to be born into the position they were, and the boardroom nous to grow their businesses the way they have, so I could invest so heavily into the sport I love, like they do.

We're lucky to have guys like the Shahins and Tony Quinn who do such a good job making money they can spend eye watering sums on things that we get to enjoy.

No doubt I'd love to have a beer with Tony Quinn.

You will be buying

Mixer · 19 Aug 2023, 04:20 (Ref:4173295)

Quote:

Originally Posted by Ares

You will be buying

You ain't wrong with that but as a business owner myself I really admire these guys.

TQ has done it again and again.

**GTRMagic** · 19 Aug 2023, 09:17 (Ref:4173313)

Quote:

Originally Posted by Mixer

You ain't wrong with that but as a business owner myself I really admire these guys.

TQ has done it again and again.

Mr Quinn & co built a whole category in chilled pet foods in supermarkets.. and brought the big retailers along on the journey to making it a strong profit centre for their retail stores.

And saved the Darrell Lea brand from extinction.

And built that beef jerky brand

Lucky 3 times.. or pretty bloody good?

Mixer · 19 Aug 2023, 10:12 (Ref:4173328)

Sold the Pet Food business for a huge profit, new owners destroyed it, bought it back cheap, fixed it up again, sold for another whopping profit.

Has done the same with pet food businesses in the US too.

Ruthless and smart.

Ares · 19 Aug 2023, 10:14 (Ref:4173330)

Quote:

Originally Posted by Mixer

You ain't wrong with that but as a business owner myself I really admire these guys.

TQ has done it again and again.

I had been around TQ a couple of times in the past. You wouldn't look twice at him in a room, you wouldn't really know he has money, not showy at all. One thing for sure, when he buys a track, getting in without a ticket or pass is a thing of the past. Everyone pays. I don't think even Jackie Stewart would get in for free, Tony would probably ask to sign a tee-shirt for him and then make him pay for it. If you are working at one of his facilities, best you treat it like it is his home. If you were to do something he didn't like, you would be sure you would hear about it. I'd say if you were to give him a pitch, you'd need to get him with the first two sentences.

I have had one conversation with TQ. That was with him screaming in my face, It's quite poetic that Scottish accent when every second word starts with F. He can string a few sentences together as well. Just the wrong place at the wrong time, considering I'd probably taken about twenty steps at his track, and been there about one minute. He spends the money, and the tracks and facilities always look top class.

Ares · 19 Aug 2023, 10:20 (Ref:4173332)

Quote:

Originally Posted by Mixer

Sold the Pet Food business for a huge profit, new owners destroyed it, bought it back cheap, fixed it up again, sold for another whopping profit.

Has done the same with pet food businesses in the US too.

Ruthless and smart.

Yes, ruthless would be a very good word. You get that vibe for sure.

Mixer · 19 Aug 2023, 10:27 (Ref:4173333)

Quote:

Originally Posted by Ares

Yes, ruthless would be a very good word. You get that vibe for sure.

The Darrell Lea story is classic. Family ran it into the ground doing everything they had always done, but the world had changed.

TQ got rid of everything that was losing money, invested in new production facilities, streamlined route to market, and sold a chunk but not all of the business for $200m.

The best bit is that I still love Darrell Lea, it didn't have to die, and now you can get it at Coles on special!

chavez · 19 Aug 2023, 11:50 (Ref:4173345)

Was there any word of this on the ten-hour telecast today?'

If there was, I didn't catch it. Perhaps the TV team ran out of time to mention it.

**GTRMagic** · 19 Aug 2023, 13:46 (Ref:4173358)

Quote:

Originally Posted by chavez

Was there any word of this on the ten-hour telecast today?'

If there was, I didn't catch it. Perhaps the TV team ran out of time to mention it.

V8Supercar Television is a business unit if the series…
Not likely…

one five five · 20 Aug 2023, 07:09 (Ref:4173435)

Quote:

Originally Posted by chavez

Was there any word of this on the ten-hour telecast today?'

If there was, I didn't catch it. Perhaps the TV team ran out of time to mention it.

When you have state owned television coverage, you only have to tell people what you want them to know.

It’s surprising, given their coverage of AFL & NRL, that FOX Sports are happy with this angle of coverage. It’s embarrassing.

Quote:

Originally Posted by GTRMagic

V8Supercar Television is a business unit if the series…
Not likely…

Is Supercars Media wholly owned by Supercars or a separate entity? Is Airtime Media a sub-contractor or have a bigger role?

Alan52 · 31 Oct 2023, 10:47 (Ref:4183830)

Sorry I can’t link it but there is an article in the business section of The Australian today that paints a very grim picture about the long and short term financial position of RACE.
Multi million dollar losses and the financial report casts a lot of doubt on their ability to service their near $50million of debt going forward.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
New V8 Touring Car Category 2008	Kerri	Australasian Touring Cars.	33	19 Jan 2008 07:22
New racing category forum?	skyblue	National & International Single Seaters	3	24 Aug 2004 18:09
New LMP Category...	Tim Northcutt	Sportscar & GT Racing	36	31 Mar 2003 12:18
New team arrives in LMP900 Category	SALEEN S7R	Sportscar & GT Racing	3	30 Dec 2002 17:23