V8Supercar Garage Sale?

[GTRMagic]

Mr Whitaker has explained a plan today Here regarding the clearance of the soon-to-be redundant V8Supercars to a hitherto unidentified export market when CotF comes on board in 2013

Interesting that the category's Export expert is proposing such a solution.

You might have thought that as part of the process of developing the CotF architecture, that an exit plan for existing gear would have been identified, nurtured, ripened and signed off such that the chassis would be able to be absorbed sooner rather than later in the process.

When the sale of the shareholding to Archer Capital was completed, the REC holders were paid an amount of money, reportedly as pseudo compensation for reduction in value of their existing equipment, and to fund a brace of replacement CotF compliant hardware for future running. So anything the teams make out of the sale of this equipment is a bonus.. or they could hang onto it..

A few issues arise.. not the least of which is that the teams own the chassis, the IP and all of the components that belong to a particular V8Supercar chassis. So any sale by V8Supercar would likely be on an agency basis, where cars can be sold on behalf of various preparers and owners. i.e. V8SA cannot compulsorily acquire & then resell anything..

Presumably the sale of these cars might build up a demand for spare parts, in engine, chassis or otherwise (tuning services?) that means the race teams are a parts exporter to other parts of the globe. Are they geared for this, or merely happy cars arent cluttering up their workshops any more?

Or is there a more sinister plot at work.. is the plan to enable hardware to enter other markets a way of starting up other offshoots of V8SA in the likes of China or the UAE or elsewhere, without needing the existing team base to execute the operating structure in those markets?

If you think about it, if 60 V8Supercars rock up on a country's doorstep, it creates a ready made race series, needing only operating budget to see the cars on the grid somewhere or other...

Wonder how the minority shareholder REC holders view such things, presuming any of this actually happened

[St00ge]

I remember reading an interview with Dickie a while back suggesting such a thing to sell the old cars as a race ready series..

[rik]

Originally Posted by GTRMagic

If you think about it, if 60 V8Supercars rock up on a country's doorstep, it creates a ready made race series, needing only operating budget to see the cars on the grid somewhere or other...

Will the main game teams really have 60 spare working cars by 2013?

Presumably there are quite a few parts they could/would want to keep? Engines? ECU? Dash/data loggers? Seats? Radios? Some suspension parts?

Then take into account a few sales of Fujitsu/Dev series teams. Plus a few more kept for collectors items. Not to mention the chassis that are probably too old and tired to be useful for anyone?

[GTRMagic]

If we are talking current model FGs and VEs...

888 - 4x
BJR - 4x
GRM - 5x
HRT - 4x (At least..)
KR - 6x
LDM - 1x
PMM - 5x (3x 888, 2x PMM)

DJR - 3x
FFF - 1x
FPR - 5x
SBR - 5x
TDR - 2x (1x VE, 1x FG)
Tekno - 1x

... by that count it is 46... while there will likely be a couple of new cars likely to debut next year, if only to soak up the bits... and placate an ego or two

[rik]

Originally Posted by GTRMagic

888 - 4x
HRT - 4x (At least..)
KR - 6x
PMM - 5x (3x 888, 2x PMM)
FPR - 5x
SBR - 5x
TDR - 2x (1x VE, 1x FG)

... by that count it is 46...

Although 7 of those were actually running in the Fujitsu series today!?

Anyhow, flogging old chassis overseas is probably better for the teams than Archer Capital? As a flood of discounted cars might actually be beneficial to the Fujitsu series.

Unless Archer can squeeze some sort of licensing fees for another series. But I don't really see the Middle Eastern circuits being up for that at this point in time.

[SilverSpeed]

Doubt we will see an overseas series any time in the future tbh. Not even in Aarb land. I'd view this as a chance to seriously stengthen the local 2nd and 3rd tier Fujitsu and Kumho Series.

[cavvy]

Originally Posted by rik

Although 7 of those were actually running in the Fujitsu series today!?

Anyhow, flogging old chassis overseas is probably better for the teams than Archer Capital? As a flood of discounted cars might actually be beneficial to the Fujitsu series.

Unless Archer can squeeze some sort of licensing fees for another series. But I don't really see the Middle Eastern circuits being up for that at this point in time.

Its not an Archer Capital run issue, its a V8 Supercar problem:
V8 Supercars’ international director Martin Whitaker says that establishing an overseas market for the current cars is the ideal solution.

V8 Supercars have their own management structure - Archer Capital have their own business to run e.g:
Since 1996, Archer Capital’s Partners and executives have closed over 25 acquisitions involving total aggregate funding in excess of $4 billion.

Australian private equity firm Archer Capital, has acquired Quick Service Restaurant (QSR), the Australia-based fast food operator, from Quadrant Private Equity for $474 million. The acquisition marks Archer's third deal in a span of six weeks. It bought motor sport race company V8 Supercars Australia and private hospital operator Healthe Care.
http://www.investinaustralia.com/new...et-equity-98k6

You are correct to say its the teams that hold the investment in the gear & it is the teams that have the excess baggage.

[GTRMagic]

Originally Posted by rik

Although 7 of those were actually running in the Fujitsu series today!?

Actually it doesnt include the 2nd Fiore VE, or the Sonic 888 FG, or Mr Zukanovic's PMM VE... there are others around not in that list...

[Gaz170]

Didn't many of the old British/European 2 litre cars find retirement homes here?
If it works, go for it.

[Axeman444]

BNT NZV8's 2012/13 anyone?

[Bevan-L]

Originally Posted by Gaz170

Didn't many of the old British/European 2 litre cars find retirement homes here?
If it works, go for it.

Not many.... only a handful, of which some have gone back to Europe and new owners..

The ones that are left here are pretty much garaged and dont seem to see the light of day for whatever reason.