Author Topic: Archer nas now sold Supercars  (Read 5470 times)

Offline Troy01505

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Re: Archer still trying to sell Supercars
« Reply #30 on: August 05, 2021, 09:40:38 PM »
Rumoured that Skaife and co leading the race to own with support from most teams.

Another rumour has the big dog coming back to rebuild his baby.

Offline skaifeman

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Re: Archer still trying to sell Supercars
« Reply #31 on: August 08, 2021, 12:27:06 PM »
Down to two: ARG and TLA
https://www.speedcafe.com/2021/08/08/supercars-sale-shortlist-narrows-further/

Seems Adderton and co were knocked back as they wanted the full 100% - buying out the teams.
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Offline stevo qld

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Re: Archer still trying to sell Supercars
« Reply #32 on: August 08, 2021, 01:51:49 PM »
The last couple of posts are based on rumours, as yet not verified by the sellers or even the potential purchasing groups.

The last two are doing due diligence.

One group, allegedly knocked out, may not need to do due diligence as they are already very familiar with the Supercars operation.

Archer are still in the "Show us the money !" situation.



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Offline skaifeman

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Re: Archer still trying to sell Supercars
« Reply #33 on: August 10, 2021, 02:40:10 PM »
"Ford’s Bathurst winning bonus didn’t even cover the cost of the after-party" - Allan Moffat, 1977

Offline stevo qld

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Re: Archer still trying to sell Supercars
« Reply #34 on: August 10, 2021, 03:25:54 PM »
Two more rumours, neither quoting alleged bidders or sellers.

Also multiple consortium versions in different media reports.
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Online LG

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Re: Archer still trying to sell Supercars
« Reply #35 on: August 10, 2021, 06:01:44 PM »
Two more rumours, neither quoting alleged bidders or sellers.

Also multiple consortium versions in different media reports.

That's all we'll get as all dealings with prospective buyers and their bids are in confidence...

Offline stevo qld

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Re: Archer still trying to sell Supercars
« Reply #36 on: August 10, 2021, 06:40:22 PM »
Two more rumours, neither quoting alleged bidders or sellers.

Also multiple consortium versions in different media reports.

That's all we'll get as all dealings with prospective buyers and their bids are in confidence...

precisely!
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Offline CP

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Re: Archer still trying to sell Supercars
« Reply #37 on: August 11, 2021, 08:12:59 AM »
News Corp join with Adderton and co?
https://www.speedcafe.com/2021/08/10/news-corp-could-join-race-for-supercars-ownership/

Hmmm. If they did buy it, would they use their creative accounting methods?

That caused quite a Storm.

Online LG

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Re: Archer still trying to sell Supercars
« Reply #38 on: August 29, 2021, 09:00:49 AM »
It's starting to look like the interested parties both want to buy the whole shebang and relieve the teams of their 35% as well.


https://www.speedcafe.com/2021/08/29/supercars-teams-set-to-relinquish-category-ownership/
« Last Edit: August 29, 2021, 09:06:03 AM by LG »

Offline CP

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Re: Archer still trying to sell Supercars
« Reply #39 on: August 29, 2021, 09:12:09 AM »
It's starting to look like the interested parties both want to buy the whole shebang and relieve the teams of their 35% as well.


https://www.speedcafe.com/2021/08/29/supercars-teams-set-to-relinquish-category-ownership/

There may be good reason for that. Its likely the changeover to the newer, cheaper cars isn't cheaper at all.

I think we've seen this episode before, as that's why it was sold off in the first place.

Offline madbugger

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Re: Archer still trying to sell Supercars
« Reply #40 on: August 29, 2021, 09:25:46 AM »
It's starting to look like the interested parties both want to buy the whole shebang and relieve the teams of their 35% as well.


https://www.speedcafe.com/2021/08/29/supercars-teams-set-to-relinquish-category-ownership/

I wonder what that will do to entry lists? Does it mean that the closed shop scenario is gone and that any one with an inspec car can turn up and try to qualify?

Hope so
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Offline stevo qld

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Re: Archer still trying to sell Supercars
« Reply #41 on: August 29, 2021, 09:29:59 AM »
It's starting to look like the interested parties both want to buy the whole shebang and relieve the teams of their 35% as well.


https://www.speedcafe.com/2021/08/29/supercars-teams-set-to-relinquish-category-ownership/

There may be good reason for that. Its likely the changeover to the newer, cheaper cars isn't cheaper at all.

I think we've seen this episode before, as that's why it was sold off in the first place.

Dearie me! :o  :-[

All this time, I was thinking that the previous owners sold it to make a substantial profit when they found a cash cow in Archer.

Even the team owners made money, plus retained a share in the business.

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Offline Joe5619

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Re: Archer still trying to sell Supercars
« Reply #42 on: August 29, 2021, 10:34:20 AM »
I don't get the whole "we need to buy the teams out to gain complete control" talk. If you buy 65% of any business you have complete control to do whatever you want, the 35% can't do jack!

Offline AlbertM

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Re: Archer still trying to sell Supercars
« Reply #43 on: August 29, 2021, 11:26:54 AM »
I don't get the whole "we need to buy the teams out to gain complete control" talk. If you buy 65% of any business you have complete control to do whatever you want, the 35% can't do jack!
The impression I get, The teams are the actual show. They must be consulted and if they don't like anything they have a leg to stand on.
FORD - The last manufacturer left standing in Supercars

Offline stevo qld

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Re: Archer still trying to sell Supercars
« Reply #44 on: August 29, 2021, 12:43:38 PM »
Just to get it into perspective, a little nostalgia.

Archer supposedly paid $300 million for 60%.

They will be lucky, on present indications to get even $100 million.

The second report (Reuters) suggests that they paid 60% of $317 million. That's closer to $190 million still looking at a big loss on sale.

Quote
THE V8 Supercars has officially sold to a Sydney-based investment firm for more than $300 million.

Archer Capital now owns 60 per cent of the V8 Supercars through its Australian Motor Racing Partners (AMRP) subsidiary, marking a significant ownership reshuffle for the Gold Coast-based motorsports brand.
https://www.businessnewsaustralia.com/articles/sydney-company-buys-v8-supercars.html

Quote
MELBOURNE, May 17 (Reuters) - Australian private equity firm Archer Capital has agreed to acquire a majority stake in V8 Supercars Australia that values the total business at more than A$300 million ($317 million), the motorsport race group said.

The terms of the deal, expected to close in late May, were confidential.

Archer will back Australian Motor Racing Partners to take a 60 percent stake in V8 Supercars. Racing teams and management will hold the remaining 40 percent equity interest.
https://www.reuters.com/article/archer-idUSS9E7G304C20110517


Everybody is a genius, but if you judge a fish by its ability to climb a tree, it will live its whole life believing it is stupid.
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