Author Topic: Archer nas now sold Supercars  (Read 5471 times)

Offline stevo qld

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Archer nas now sold Supercars
« on: June 21, 2021, 08:36:26 AM »
The earlier Supercars sale threads may have been lost in the kerfuffle.

Quote
Archer Capital in pole position for Supercars sell-off

NICK EVANS
RESOURCE WRITER

4:00PM JUNE 20, 2021

Private equity investments in sport are heating up.

At the head of the field is the Supercars motor racing competition, where private equity outfit Archer Capital is trying to offload its majority stake.

Archer has an information memorandum doing the rounds for the competition, which does roughly $20m in annual pre-tax earnings.


Four or five parties have kicked the tyres on the investment, in a process being run by Miles Advisory.

But the glory days are well and truly over in terms of Archer’s value.

It paid $180m for its 65 per cent shareholding back in 2011.

Archer is winding up the fund that contains its Supercars investment.

One source said it might only get $30m-$35m, but another thought it could double that.

As always, complicating matters are the owners of the Supercars teams themselves, who own just about all of the remaining 35 per cent of shares.

There are said to be “drag and tag along” provisions in the contract between Archer and the teams, effectively meaning the teams may have to be bought out at the same value that Archer would theoretically sell its shareholding at.

That is said to have proven to be a stumbling block in previous attempts by Archer to sell out.


Meanwhile, soccer’s A-league is also moving closer to a deal to sell up to 25 per cent of its competition to private equity.

Some of the funds, which could be up to $100m, would be earmarked for a soccer-specific digital platform that could telecast matches and provide highlights and other content directly to consumers.

Rugby Australia has also expressed its keen interest in selling some of the sport’s commercial properties to private equity.


https://www.theaustralian.com.au/business/dataroom/archer-capital-in-pole-position-for-supercars-selloff/news-story/36466ae18b8c27481441e9ee32aa6e50

May be behind a paywall.
« Last Edit: October 28, 2021, 02:31:45 PM by stevo qld »
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Offline Troy01505

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Re: Archer still trying to sell Supercars
« Reply #1 on: June 21, 2021, 08:41:11 AM »
Teams need to buy it out as cheap as possible and take over full control

Offline CP

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Re: Archer still trying to sell Supercars
« Reply #2 on: June 21, 2021, 11:41:11 AM »
Teams need to buy it out as cheap as possible and take over full control


No. They need someone independent to buy it as they need extra dollars for the new cars.

Offline Roadways6

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Re: Archer still trying to sell Supercars
« Reply #3 on: June 21, 2021, 04:21:47 PM »
Teams need to buy it out as cheap as possible and take over full control

Why would they buy it back, they sold it for a reason?

CAMS should be given it back for free

Offline skaifeman

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Re: Archer still trying to sell Supercars
« Reply #4 on: June 23, 2021, 09:01:27 PM »
Speedcafe catching the wind now too:
https://www.speedcafe.com/2021/06/23/momentum-building-for-sale-of-supercars/

Morris? Adderton? What was the rumour recently too - the Quinn's?

Don't see the teams buying it, they're struggling to fork out the money for a GenIII car, they wouldn't be able to split $30mil (assuming tha's best case).
"Ford’s Bathurst winning bonus didn’t even cover the cost of the after-party" - Allan Moffat, 1977

Offline brighty08

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Re: Archer still trying to sell Supercars
« Reply #5 on: June 23, 2021, 09:46:49 PM »
Need Roger Penske to buy it!

Offline SetonFan

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Re: Archer still trying to sell Supercars
« Reply #6 on: June 23, 2021, 11:16:46 PM »
Good deal for Tim Miles to be involved in both ends of the sale

Offline stevo qld

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Re: Archer still trying to sell Supercars
« Reply #7 on: June 24, 2021, 11:41:12 AM »
Speedcafe catching the wind now too:
https://www.speedcafe.com/2021/06/23/momentum-building-for-sale-of-supercars/

Morris? Adderton? What was the rumour recently too - the Quinn's?

Don't see the teams buying it, they're struggling to fork out the money for a GenIII car, they wouldn't be able to split $30mil (assuming tha's best case).

Not ALL teams are struggling for money and Morris, Adderton, Taylor and Quinn seem to have heaps for a start.
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Offline LG

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Re: Archer still trying to sell Supercars
« Reply #8 on: June 24, 2021, 12:04:51 PM »
Speedcafe catching the wind now too:
https://www.speedcafe.com/2021/06/23/momentum-building-for-sale-of-supercars/

Morris? Adderton? What was the rumour recently too - the Quinn's?

Don't see the teams buying it, they're struggling to fork out the money for a GenIII car, they wouldn't be able to split $30mil (assuming tha's best case).

Not ALL teams are struggling for money and Morris, Adderton, Taylor and Quinn seem to have heaps for a start.


Just because they have "heaps" doesn't mean they should buy it...

Offline skaifeman

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Re: Archer still trying to sell Supercars
« Reply #9 on: June 24, 2021, 12:10:25 PM »
Speedcafe catching the wind now too:
https://www.speedcafe.com/2021/06/23/momentum-building-for-sale-of-supercars/

Morris? Adderton? What was the rumour recently too - the Quinn's?

Don't see the teams buying it, they're struggling to fork out the money for a GenIII car, they wouldn't be able to split $30mil (assuming tha's best case).

Not ALL teams are struggling for money and Morris, Adderton, Taylor and Quinn seem to have heaps for a start.

Then teams buying in won't work. All would need to buy in or none.
Imagine a series (for example, teams with assumed money) where Tickford, DJR, 888 and WAU owned it... would any other team really bother showing up?
"Ford’s Bathurst winning bonus didn’t even cover the cost of the after-party" - Allan Moffat, 1977

Offline mikeamerica84

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Re: Archer still trying to sell Supercars
« Reply #10 on: June 24, 2021, 01:57:43 PM »
Teams need to buy it out as cheap as possible and take over full control
A little American Open Wheel history here, men.  CART took over Indycars in the early 80s and had a good run until big $$$ and the Indianapolis Motor Speedway heir, Tony George wrecked it all in the mid 90s.

Team ownership is the way to go IMO.
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Online Sonic

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Re: Archer still trying to sell Supercars
« Reply #11 on: June 24, 2021, 02:00:52 PM »
Speedcafe catching the wind now too:
https://www.speedcafe.com/2021/06/23/momentum-building-for-sale-of-supercars/

Morris? Adderton? What was the rumour recently too - the Quinn's?

Don't see the teams buying it, they're struggling to fork out the money for a GenIII car, they wouldn't be able to split $30mil (assuming tha's best case).

Not ALL teams are struggling for money and Morris, Adderton, Taylor and Quinn seem to have heaps for a start.

Then teams buying in won't work. All would need to buy in or none.
Imagine a series (for example, teams with assumed money) where Tickford, DJR, 888 and WAU owned it... would any other team really bother showing up?

Buy out the other teams, 2 GM, 2 Ford... equal amounts of both sides on the grid...

I don't think it would happen... perhaps it really needs someone to just come in and buy out the whole kit and run the show "properly" whatever that may look like...

With so many cooks in the kitchen it can't work.
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Offline stevo qld

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Re: Archer still trying to sell Supercars
« Reply #12 on: June 24, 2021, 07:04:51 PM »
Speedcafe catching the wind now too:
https://www.speedcafe.com/2021/06/23/momentum-building-for-sale-of-supercars/

Morris? Adderton? What was the rumour recently too - the Quinn's?

Don't see the teams buying it, they're struggling to fork out the money for a GenIII car, they wouldn't be able to split $30mil (assuming tha's best case).

Not ALL teams are struggling for money and Morris, Adderton, Taylor and Quinn seem to have heaps for a start.


Just because they have "heaps" doesn't mean they should buy it...

I was not suggesting that they should LG. i was responding to skaifeman's suggestion that the teams are struggling financially (not verbatim).

Most of the Supercar teams have owners or part owners who have the financial ability to spend $30M to $49M, but would they really want to.

Regardless, the new Gen 3 would cost less than  $2M for a 2 car entry plus spares, maybe even a spare car. There are only 3 teams that appear to be stretched, BJR, MSR and TS, but appearances aren't always accurate. The last 2 have wealthy part owners, as do all the other teams.
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Offline brighty08

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Re: Archer still trying to sell Supercars
« Reply #13 on: June 25, 2021, 05:12:26 PM »
What would a new owner possibly enforce? There wouldn't be a radical make-over of Supercars. What it is it that fans want?

Full-season FTA?
30 cars on the grid?
More races on the calendar?
Door-to-door racing?
Larger audience and fan base?
New video game?
Return of 2x200km SuperSprints?
Third commentator to split Crompo and Skaife's bs?

Yes to all of the above. If the fans get these little things, regardless of who the owner is, they will be happy.

Offline SetonFan

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Re: Archer still trying to sell Supercars
« Reply #14 on: June 25, 2021, 08:53:58 PM »
I'd be more concerned with some of the names mentioned that they'd instead go down the gimmicky path rather than some of those more sensible changes.