Supercars 2.7M loss (and profit for next year ???)

[AlbertM]

The website is now mired in google ads and multiple pop ups. That's probably where the revenue is coming from.

[mikeamerica84]

It references the Supercars website as to a potential increase in revenue, which is an absolute dumpster fire. Never been harder to navigate and requires way too much scrolling for the information at hand. The app isn't much different.

I will say this about that:  For the FIRST TIME EVER the Supercars website is actually reflecting the extra five bonus points scored by the individual drivers in the sprint races.

It's only been what......?  Four years?

[skaifeman]

The website is now mired in google ads and multiple pop ups. That's probably where the revenue is coming from.

That clearly must be it, because I avoid it otherwise.

It references the Supercars website as to a potential increase in revenue, which is an absolute dumpster fire. Never been harder to navigate and requires way too much scrolling for the information at hand. The app isn't much different.

I will say this about that:  For the FIRST TIME EVER the Supercars website is actually reflecting the extra five bonus points scored by the individual drivers in the sprint races.

It's only been what......?  Four years?

About time, I generally stick to Wikipedia for historical seasons/points breakdowns.

[murph_fan51]

The website is now mired in google ads and multiple pop ups. That's probably where the revenue is coming from.

The website is horrible.
I also noticed they finally killed v8supercars.com.au
Has anyone signed up to MySupercars+?

[Mechz]

The website is now mired in google ads and multiple pop ups. That's probably where the revenue is coming from.

The website is horrible.
I also noticed they finally killed v8supercars.com.au
Has anyone signed up to MySupercars+?

How will the F1 paddock fins them now?

[fordman]

Seems they may have turned things around???
https://speedcafe.com/supercars-reports-increased-revenue-and-earnings/

[SetonFan]

While it's good that revenue is up the article does not provide a profit/loss figure so hard to fully compare.

[stevo qld]

Supercars wants new investors to fund expansion to as many as 15 races after posting $19.9m operating loss

The private owners of Supercars want to expand its season
By JOHN STENSHOLT
EDITOR, THE LIST
UPDATED 8:08AM JUNE 3, 2024, FIRST PUBLISHED AT 5:00AM JUNE 3, 2024

The privately owned Supercars series is poised to raise tens of millions from new investors as part of a plan to expand its racing calendar in time for its next television broadcast deal.

Management and the board of Supercars, the popular motor racing circuit which includes the iconic annual Bathurst 1000 race in October, has had discussions about raising new funds as it plots a path towards a 14 or 15 race season and a potential return of an international race.

Supercars is owned by Racing Australia Consolidated Enterprises (RACE), a consortium led by QMS Media chairman and now Supercars chairman Barclay Nettlefold and also including the Domazet family, the Canberra-based owners of hotel and property business Doma Group, and other investors and motorsports enthusiasts.

RACE last week released its 2023 financial results, including a 12.5 per cent increase in revenue to $126.6m, and a 16.2 per cent increase in normalised earnings before interest, tax, depreciation and amortisation (EBITDA) to $6.82m.

In statutory terms though, RACE posted a $19.9m operating loss before an almost $3.5m tax benefit led to a net loss of $16.4m.

The 2023 statutory results were affected by $20.5m of one-off items, RACE said, including $9.6m Gen-3 payments to the racing teams, almost $5m of team racing contract and event asset write-offs and a $6m "share based payment reserve" expense.

https://www.theaustralian.com.au/business/supercars-wants-new-investors-to-fund-expansion-to-as-many-as-15-races-after-posting-199m-operating-loss/news-story/e4467342a5409552ca757388397078e7

[skaifeman]

$19.9m. A little more substantial than the 2.7m, and worryingly now a downward trend.
I do get the feeling that RACE are bleeding this thing dry.

Makes sense as to why they're selling the prototypes, and have it openly advertised to the public - usually these types of things would happen behind closed doors. Clearly no one at that level wants them.

I wonder the cost of the wind tunnel in all this? And now transient dyno. There is a reason they were so apprehensive.

[Sonic]

$19.9m. A little more substantial than the 2.7m, and worryingly now a downward trend.
I do get the feeling that RACE are bleeding this thing dry.

Makes sense as to why they're selling the prototypes, and have it openly advertised to the public - usually these types of things would happen behind closed doors. Clearly no one at that level wants them.

I wonder the cost of the wind tunnel in all this? And now transient dyno. There is a reason they were so apprehensive.

sadly I think the only way Australian 'top level' motorsport will get back to an upward tilt is if the whole SC franchise goes under.

there are plenty of good categories out there that the fans enjoy watching (and, yes, everyone will have an opinion as to what the best mix is).

personally I think that MA should demand a minimum number of entries for a category to be considered for an accredited national championship. AASA of course will run their own alternate strategy which is fine but with MA being the main player (and supposedly for the good of all motorsports) this is something they can do.

pick a number... 30 cars? you don't have it? you're not getting listed. this gets rid of (or merges) the little categories that are still costing a bundle but going nowhere.

I enjoy TCR but, for whatever reason, it is not taking off here in Oz. So merge them with another category that keeps them as the frontline but also gives a proper gridsize that makes it worth it for fans to come to the race track to support their fave team/driver.

of course egos will never allow this to happen but we are a very small pond and there are a tonne of small fish in it and a big one that is splashing all the water out of it and everybody suffers.

[stevo qld]

[quote ...
personally I think that MA should demand a minimum number of entries for a category to be considered for an accredited national championship. AASA of course will run their own alternate strategy which is fine but with MA being the main player (and supposedly for the good of all motorsports) this is something they can do.

pick a number... 30 cars? you don't have it? you're not getting listed. this gets rid of (or merges) the little categories that are still costing a bundle but going nowhere.

I enjoy TCR but, for whatever reason, it is not taking off here in Oz. So merge them with another category that keeps them as the frontline but also gives a proper gridsize that makes it worth it for fans to come to the race track to support their fave team/driver.

of course egos will never allow this to happen but we are a very small pond and there are a tonne of small fish in it and a big one that is splashing all the water out of it and everybody suffers.

I still view Supercars as a private travelling circus, although I do like it. But then, I also liked the Harlem Globetrotters, another travelling circus.

I firmly believe that the Australian Touring Car Championship should be awarded to another less restrictive category. TA2 has fairly rigid rules with several Regional and Australian series, although the national series has a lot less numbers, considering there are allegedly 80 plus TA2 cars here. In fact, fields were racing in 2 different series last weekend.

It is wrong that ATCC competitors cannot race at local racetracks. Dick Johnson regularly raced at Surfers and Lakeside and I have the honour of regularly being lapped by Tru-Blu in the Qld TCC.

The Australian championship should be open to any driver with a regulation complying car, and even a one off in their home state.

The only other caveat is that there should be a race in every state.

But then my wife says I am a dreamer, and she must be right

[skaifeman]

[quote ...
personally I think that MA should demand a minimum number of entries for a category to be considered for an accredited national championship. AASA of course will run their own alternate strategy which is fine but with MA being the main player (and supposedly for the good of all motorsports) this is something they can do.

pick a number... 30 cars? you don't have it? you're not getting listed. this gets rid of (or merges) the little categories that are still costing a bundle but going nowhere.

I enjoy TCR but, for whatever reason, it is not taking off here in Oz. So merge them with another category that keeps them as the frontline but also gives a proper gridsize that makes it worth it for fans to come to the race track to support their fave team/driver.

of course egos will never allow this to happen but we are a very small pond and there are a tonne of small fish in it and a big one that is splashing all the water out of it and everybody suffers.

I still view Supercars as a private travelling circus, although I do like it. But then, I also liked the Harlem Globetrotters, another travelling circus.

I've said on here a few times. We're just watching rich kids play with their toys on weekends.
And every now and then we get all grumpy about it.