V8Supercars AGM Points of Interest (Merged)

**GTRMagic** · 6 Nov 2007, 03:53 (Ref:2060807)

Super Thursday... 8th November...

... where the 17 franchise licence slot owners get in a room and decide the future of the sport.....

I dont think MN is overplaying this...

.. the discussions to be had allegedly include:
- An election to the TEGA/VESA boards of the teams' Ford and Holden members' (predicted to be totally new)
- A decision as to whether TEGA/VESA will become one merged entity
- A decision as to the disposition of Mr O'Reilly's very expensive contract
- Discussion around the continuation of Mr Cochrane

... plus the usual scrapes and twiddles that go on at an AGM.

MN suggests there may be blood on the carpet... I wonder where the numbers lay... it could be very interesting

Pro Racer · 6 Nov 2007, 06:32 (Ref:2060837)

would be interesting to be a fly on the wall.

Rombles1 · 6 Nov 2007, 10:23 (Ref:2060972)

Will be interesting to see which heads don't appear, and which appear bruised and bloodied, at the Clipsal 500 Launch on Friday....

mmciau · 6 Nov 2007, 10:34 (Ref:2060989)

Quote:

Originally Posted by Rombles1

Will be interesting to see which heads don't appear, and which appear bruised and bloodied, at the Clipsal 500 Launch on Friday....

I'll be there Friday too with a couple of girls from PEER VEET where I work.

They are fans of a couple of blue team drivers!!

See you there

Mike

**GTRMagic** · 6 Nov 2007, 10:34 (Ref:2060990)

They may not have a Chairman or a GM or a board....

What's Dr John doing on Friday... he might get the "none of the above" vote

bazil · 7 Nov 2007, 00:30 (Ref:2061704)

Quote:

Originally Posted by Sweet Corn

Will Michael Masi be the new head ?

Because he use to be Kev's assistant??? Please... Michael is a nice bloke but to suggest he takes the role as chairman is drawing a very long bow.

Currently he works for TC.

888_Fan · 8 Nov 2007, 02:24 (Ref:2062617)

So today is D-Day...

How long will it be until we hear some feedback from the meeting?? Hopefully not next Mon/Tues in ENews, us fans want some feedback before then...

888_Fan · 8 Nov 2007, 08:35 (Ref:2062737)

Well the meeting has been run and won, and the following has come out of it:

Tony Cochrane remains as Chairman of V8Supercars Australia, after unanimous support that he remains in the position.
TEGA Board consists of Tim Edwards (FPR), Ross Stone (SBR), Larry Perkins (JDR) and Paul Morris (PMM), with Roger Cook continuing on as Chairman of that board.
New V8Supercars/TEGA board will be finalised in the New Year.

Press Release here:

http://www.v8supercar.com.au/news/la...=&gid=32676019

pete55 · 8 Nov 2007, 08:43 (Ref:2062743)

Quote:

Originally Posted by 888_Fan

Well the meeting has been run and won, and the following has come out of it:[LIST][*]Tony Cochrane remains as Chairman of V8Supercars Australia, after unanimous support that he remains in the position.

Oh

. I thought something good may have come out of it.

Pro Racer · 8 Nov 2007, 08:43 (Ref:2062744)

[QUOTE=888_Fan]Well the meeting has been run and won, and the following has come out of it:

Tony Cochrane remains as Chairman of V8Supercars Australia, after unanimous support that he remains in the position.
TEGA Board consists of Tim Edwards (FPR), Ross Stone (SBR), Larry Perkins (JDR) and Paul Morris (PMM), with Roger Cook continuing on as Chairman of that board.
New V8Supercars/TEGA board will be finalised in the New Year.

Press Release here:

* Tony must be doing favours to everyone to get unanimous support.
*i like that board except swap PM for Geoff Grech or someone of that calebre, so the driver/teams call Morris the most dangerous man on track yet they elect him for this, interesting.

**GTRMagic** · 8 Nov 2007, 08:45 (Ref:2062745)

So... where is Unky Kelvin in all of this?

Pro Racer · 8 Nov 2007, 08:46 (Ref:2062748)

gooooooooooooonnnnnnnnneeee

**GTRMagic** · 8 Nov 2007, 08:54 (Ref:2062757)

A 3 year contract will be cheap to pay out

Pro Racer · 8 Nov 2007, 08:57 (Ref:2062759)

has TEGA/V8SA ever had to pay anyone out, maybe the KelvinMonster's little suspension (whatever the reason) was the excuse TEGA/V8SA needed to use as a breach of contract.

**GTRMagic** · 8 Nov 2007, 09:09 (Ref:2062769)

Good luck making that stand up in court

Wood-duck · 8 Nov 2007, 09:39 (Ref:2062793)

Quote:

Originally Posted by GTRMagic

A 3 year contract will be cheap to pay out

Expect the price of tickets and paddock passes to rise next year....

thetormentor · 8 Nov 2007, 10:29 (Ref:2062841)

There is a statement of www.v8supercars.com.au
Mr Cochrone unanimously unopposed to stay... for now.

**GTRMagic** · 9 Nov 2007, 04:18 (Ref:2063488)

Quote:

Originally Posted by Wood-duck

Expect the price of tickets and paddock passes to rise next year....

That will be fun

**GTRMagic** · 12 Nov 2007, 22:42 (Ref:2066076)

Meanwhile.. in MeN today... Mr O'reilly is believed to have been permanently "eliminated" from the TEGA board, and has reportedly been offered a settlement... presumably from the GM, TEGA position....

Could end up in court... like most serious disagreements within TEGA

**GTRMagic** · 14 Nov 2007, 01:23 (Ref:2067016)

So the TEGA board is now 5 strong, looking for a 6th

Ford: R.Stone (SBR), T.Edwards (FPR)
Holden: L.Perkins (JDR), P.Morris (PMM)
Independent Chair: R.Cook

Now why would you look to unbalance the board in numbers by bringing in one more? Unless at the same time this happens, S&EL gets a seat at the revised/merged TEGA/VESA table... for their GM in Mr Cattach or their chairman Mr Cochrane...

Is this today's mega announcement?

Chucky · 14 Nov 2007, 02:18 (Ref:2067029)

Quote:

Originally Posted by bazil

Because he use to be Kev's assistant??? Please... Michael is a nice bloke but to suggest he takes the role as chairman is drawing a very long bow.

Currently he works for TC.

Watch those Italians, remember what they did to Caesar.

Trevor · 14 Nov 2007, 19:46 (Ref:2067540)

If TEGA own 75% of VESA, I can't see how a combined board would work, TEGA needs to sit on the VESA board only

Used Car · 14 Nov 2007, 23:26 (Ref:2067659)

If the new crumb bum TEEGA/V8SA board has 8 places on it, there will need to be 6 from the teams, and 2 from Cocho's mob

Plus maybe an independent chair.

So TEEGA needs to pony up another 2 directors. Or maybe appoint a 3rd team player from each maker. Or leave the space free for those Japanese blokes from Altona.

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