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17 May 2017, 10:57 (Ref:3734042) | #76 | ||
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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
Last edited by PS2244; 17 May 2017 at 11:07. |
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17 May 2017, 11:02 (Ref:3734044) | #77 | |
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"The sport’s cumulative TV audience has grown by 43 per cent over the last three years with more than 65 million viewers in 2016."
Interesting spin. I wonder if from a prospective sponsors point of view, has anyone done a comparison of the number of viewers x no. of hours watched prior to the Foxtel takeover versus the number of viewers x 1 hour highlights after. One hour "highlights" mean a hell of a lot less sponsor exposure to the majority of the audience. |
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17 May 2017, 11:45 (Ref:3734054) | #78 | ||
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Does the 65% sale include everything (ie... is Supercars Media and Supercars Events under this umbrella?)
If we are talking about when Supercars started producing their own TV production and supplying it to broadcasters, that was with the Channel 7 deal for 2007 (and only because the idea was pitched to them by Ch7 who didn't have the resources to do it themselves like Ten was doing, and 7 did before that). Channel Ten did it themselves until the end of 2006 Quote:
How anyone can spin a supposed $80 million loss as something positive is amazing, but not really surprising given the barrows that get pushed around this forum so often. Even if it's a part of a portfolio where other things cover the loss and it turns out to be a profit, the fact is that the Supercars element let that part of the portfolio down. I don't see how anyone can claim the series is in a better state now than where it was in 2011 when Archer bought in. My tip is SEL to get it back, it is their baby and will probably pay overs (compared to the other bids) to get it back. James Erskine seems pretty keen in an article posted today |
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17 May 2017, 11:59 (Ref:3734055) | #79 | |||
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18 May 2017, 04:06 (Ref:3734159) | #80 | ||
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Quote:
Who knows what the dividend was prior to the foxtel deal, that said $80m is still a long way off the $180m paid for the 65% share back in 2011. |
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18 May 2017, 05:56 (Ref:3734163) | #81 | |||
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18 May 2017, 06:13 (Ref:3734166) | #82 | |
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LD2244 you need to separate revenue from profit.
They are selling at a loss and that can not be disputed. I love Supercars also, but sometimes you need to open your eyes and accept the whole circus isn't perfect. |
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18 May 2017, 06:13 (Ref:3734167) | #83 | ||
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Go woke, Go broke… |
18 May 2017, 06:34 (Ref:3734177) | #84 | ||
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I know there's a different between them and that everything isn't perfect such as lack of manufacturer involvement for example but I just can't see how they would've run a loss on this investment. The article above seems to emphasise that
Last edited by PS2244; 18 May 2017 at 06:43. |
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18 May 2017, 07:18 (Ref:3734185) | #85 | |
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All the article shows is that the "Fourth Fund" that Supercars is a part of made money (1.5 times). It does not emphasise in any way that Supercars itself made money
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18 May 2017, 07:27 (Ref:3734186) | #86 | ||
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Emphasise was for lack of a better word for it to generate that profit form fund deposit I find it hard to believe it could've run at a loss. As I've said that's unknown, until further evidence is broght forth I have minimal reason to believe that their investment ran at a loss let's just for now agree to disagree
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18 May 2017, 07:33 (Ref:3734188) | #87 | |
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Bought at a higher price than sold = LOSS
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18 May 2017, 07:58 (Ref:3734193) | #88 | ||
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18 May 2017, 08:18 (Ref:3734196) | #89 | |
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Your mates GTR and Peckster are both money talking people. Maybe they can explain it to you.
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18 May 2017, 08:35 (Ref:3734199) | #90 | ||
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I don't need any "explaining" to me lol I get they're selling it for a lesser price that's true but Im saying that I don't believe they made an overall financial loss on their investment
Last edited by PS2244; 18 May 2017 at 08:43. |
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18 May 2017, 08:53 (Ref:3734202) | #91 | |
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Given the fact that series is plainly not in as strong a place in 2017 as it was in 2011, is the lower selling price really a surprise?
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18 May 2017, 08:56 (Ref:3734205) | #92 | ||
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Considering the profit Supercars turned over last year wouldn't necessarily say that it's fact. I think to an extent your right in some ways it was but in some ways it wasn't. However if you want to believe contrary about this that's fine I respect your right to an opinion.
Last edited by PS2244; 18 May 2017 at 09:16. |
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18 May 2017, 09:24 (Ref:3734212) | #93 | ||
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Do they throw in a free set of steak knives? Now I'm no bean counter - I wouldn't know the value of Brown Coal in Uzbekistan if a tonne of it landed on my house - but generally if something makes money year on year - it becomes more valuable when its time to sell it. Last edited by StueyB83; 18 May 2017 at 09:30. |
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18 May 2017, 09:26 (Ref:3734215) | #94 | ||
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hahaha good one but the selling price as I said isnt determining of how much money overall they've made off of Supercars since 2011.
Last edited by PS2244; 18 May 2017 at 09:35. |
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18 May 2017, 09:36 (Ref:3734217) | #95 | ||
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The Jerk Store rang... |
18 May 2017, 09:36 (Ref:3734218) | #96 | |
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I wonder if a new buyer will take the assets, ditch what we know, and come up with a show that's more appealing to the bean-counters and marketing boffins that have previously shrugged off or shunned involvement in the series?
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18 May 2017, 09:39 (Ref:3734220) | #97 | ||
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18 May 2017, 09:42 (Ref:3734222) | #98 | |
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Your opinion is wrong
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18 May 2017, 09:43 (Ref:3734223) | #99 | ||
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For the umpteenth time as I said I know that the asking price is below their purchasing price but I just don't believe after selling they will have made an overall loss. Also this is just their reserve price it could exceed that who knows until the final bid is signed that's the only period of when I'll be proven wrong and I'll admit that if that route materialises
Last edited by PS2244; 18 May 2017 at 10:02. |
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18 May 2017, 09:47 (Ref:3734224) | #100 | ||
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All the articles tell to the most punters is that VASC's change in commercial value appears to be toxic enough to warrant a $60m write off of its purchase price from 6 years ago. Last edited by StueyB83; 18 May 2017 at 10:04. |
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