Quote:
Originally Posted by T-star
Cmon GTR.
Selling for less than they bought for says that they either overpaid or that it is worth less now.
No amount of powder covers that up.
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Not really T-Star, consider this they already would've been very close to breaking even thanks to the Foxtel agreement and as well from REC fees, category sponsorship, money payed from tracks etc accumulated over the years. So they're likely in profit and they're a private equity firm, Private equity firms have a tendency to not hold onto investments for the long term. It's not an ominous sign of demise, Supercars is part of a portfolio of their investments their selling currently
17 May 2017, 10:57 (Ref:3734042)
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