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Old 8 May 2017, 07:28 (Ref:3732135)   #46
racer69
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Originally Posted by Alan52 View Post
There is a saying history is written by the winners and that is definitely the case here.
Most definitely


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Originally Posted by Alan52 View Post
To discount the history of any sports event any time there is a change of organiser,TVs network or even competitor base does not happen.
In this case there was a consistent organiser for 35 years. The competitor base chose not to compete in that event anymore and went off and started their own race, with the race they left continuing on for another 2 years in competition.

To me that indicates the end of one event, and the overlapping start of another one. They were two different sporting events.

The whole way the firstly IMG and now Supercars run 1000 is run is for completely different purposes to that of which the original race was run. All they shared in common was a race distance and competitor base.

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Originally Posted by Alan52 View Post
History lesson.In 94 the ARDC,7 network and Bathurst Council formed the Bathurst Consortium to promote racing at Bathurst.
The three-way collaboration in running the race went back to 1988, when ATN7 funded the purchase of the event marketing rights off Promo International, which resulted in ATN7 taking on full responsibility for all the marketing & promotion of the race from then on

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If the ARDC was not bound by the consortium they may have done a deal with AVESCO but there certainly would have been no Super Touring 1000.
Of course they could have, but in this case the ARDC/Consortium was bound by a TV deal with Channel 7 for the event that went through to 2004.
The stumbling block (publically) was played out around TV deal.... AVESCO said they'd only race on the Long Weekend with Channel 10...so basically they wanted the Bathurst 1000 to break their contract, so AVESCO didn't have to break their contract...

Of course in an interview in 2012 on V8 Insiders, Tony Cochrane made a comment about the teams laughing in 1996 when he suggested they should take over Bathurst, so did AVESCO ever really have any intention of working with the traditional event?

It would have been interesting to see what the landscape of motorsport would have been like if there was already a second successful event at Bathurst still going in the 1996/97 period (eg...had the 12hr kept on going) and there was no weekend available for the AVESCO 1000 to take place on.
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Old 8 May 2017, 11:34 (Ref:3732186)   #47
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So do we see a sale going anywhere?

What would be the benefits of a Fox Sports buy-in?

What would be the benefits of SEL buying back in (without Mr Cochrane's involvement, as peckstar has indicated he isn't with that business these days)


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Are you/or were you a member of the ARDC?
People are allowed to not criticise the ARDC without being a club member. Not everyone shares your vendetta against the club.

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Originally Posted by anthony81901
The biggest faux pas out of the whole war was allowing the NRL to flex its muscles and claim the traditional NSW October long weekend slot for its grand final.
Rugby League had their sights set on a NSW Long Weekend Sunday Night GF for a while, no matter what event was being held during the day. The 1000 being on the same day wouldn't have fazed them

The ARL was talking a night grand final on that weekend in the mid-90s, but a lot of their plans were put on the backburner due to the Super League war.

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Originally Posted by chavez
You do realise that Mr Tuckey did not write anything in that book post the chapter on the 1980 race.
And his last involvement with any individual Chevron Bathurst release was the 1988 Great Race book
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Old 8 May 2017, 11:43 (Ref:3732188)   #48
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Apart from those who still have a chip on their shoulder from a war won and run nearly 20 years ago, think most people consider the Bathurst 500/1000 to be an event that has occurred annually since 1963 with 2 events held in parallel in 97/98. I think even the most ardent ARDC supporter would agree that the 1999 500km event was just a pale imitation.

A win in either is judged equally in the history book. Jim Richards is recognised universally as a 7 times winner including his 98 Volvo win and Larry Perkins as a 6 time winner with his 97 V8 win.
Sadly, people took sides for the wrong reasons. Blaming the other side, for stealing their race, without knowing how it all came to be.

The reality is, for a time history shows that we had two races a year, and that each entity is equally entitled to the history of the concept.
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Old 16 May 2017, 11:43 (Ref:3733821)   #49
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Supercars competition up for sale for $100 million
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Old 16 May 2017, 11:52 (Ref:3733823)   #50
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Sadly, people took sides for the wrong reasons.
Who took sides for the wrong reasons?

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Originally Posted by peckstar
Supercars competition up for sale for $100 million
That reads like an advertisement

Where would Mr Warburton stand if/when Archer sell up?
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Old 16 May 2017, 12:07 (Ref:3733826)   #51
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That reads like an advertisement

Where would Mr Warburton stand if/when Archer sell up?
An advertisement by a potential buyer? Trying to sell the product to a competitor.

Might be too early to say on James. Might depend on the buyer. He seems to have done a good job pointing the business forward. But he has been linked to other jobs and the sale might be all that he needs to move on
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Old 16 May 2017, 12:32 (Ref:3733830)   #52
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Woops, did someone make an error in that article. The person said a seven year broadcast deal, rather than a six year broadcast deal.
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Old 16 May 2017, 13:37 (Ref:3733846)   #53
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65% of Supercar On The Market for $100m - CONFIRMED

Story Here

Quote:
Originally Posted by The Herald Sun Story above

Supercars competition up for sale for $100 million
May 16, 2017 8:12pm
James Phelps
The Daily Telegraph

AUSTRALIA’s third biggest sport is officially up for sale with the majority owner of Supercars slapping a $100m plus price tag on the V8 powered national icon.

Five corporations including News Corp Australia, publisher of The Daily Telegraph and parent company of Fox Sports, have already registered an interest’ in the sale of Archer Capital’s majority stake in Supercars.

It can be also revealed major event and entertainment companies Sports Entertainment Limited (SEL) and TEG, which owns Ticketek, are also in the race.

Archer Capital, one of Australia’s top-performing private equity firms, has contracted international investment bank UBS to sell its 65 per cent stake in the business.

Supercars’ team owners were last month told Archer Capital was pressing ahead with the sale of its majority stake in the business.

Supercars chief executive James Warburton confirmed Archer had officially began the process of selling its 65 per cent ownership. The 26 Racing Entitlement Contract (REC) owners hold the remaining 35 per cent stake in Supercars.

“Supercars is in a sustained period of high growth with a very clear vision for the next decade,’’ Warburton said.

“Our focus is the continued growth of a thriving business, renowned international motorsport category and tier-one Australian mainstream sport.

“We are well within reach of our ambition to be one of the leading three sports in this country and to expand our Championship into Asia.”

UBS has being busy conducting detailed presentations to Australian companies resulting in five submissions of interest in the sale. However, it is uncertain whether News Corp Australia and Fox Sports will make an offer to buy Archer Capital’s majority stake.

As the broadcast rights holder through its seven-year deal with Fox Sports, there is not a great imperative for News Corp to buy Supercars It is understood Channel Ten, which simulcasts several major race events in the Supercars calendar, is out of the mix.

Archer Capital bought a 65 per cent share in 2011 for a reported $180 million from Sports Entertainment Limited and Supercars team’s owners.

Although Archer Capital has put a $100m price tag on its stake, it is believed $70m-$80m was a more realistic valuation.

But record television figures, a growing audience and international expansion plans could drive the figure higher with further bidders expected to join the five.

Supercars TV cumulative audience has grown by 43 per cent over the last three years with more than 65 million viewers in 2016.

The state-of-the-art Fox Sports coverage has resulted in the Supercars championship being beamed to 263 million viewers worldwide. Fox Sports’ coverage is the pay TV provider’s third most viewed sport behind NRL and AFL.

Archer founding partner and Supercars chairman Peter Wiggs has been advising team owners, who retain a non-controlling 35 per cent stake in the sport.

Supercars team owners have not ruled out forming an alliance and making a bid to retain control of the sport after selling their majority stake to Archer in 2011.

A number of the current team owners are self-made business entrepreneurs with the financial clout to make a play to buy the sport.

Among the most influential are Triple Eight Race Engineering boss Roland Dane, Westfield’s heiress Betty Klimenko, Holden Special Vehicles owner Ryan Walkinshaw and US billionaire Roger Penske.

Archer is selling Supercars as part of a parcel of investments that has now matured and will return a significant return to its investors.
WOW!!
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Old 16 May 2017, 14:02 (Ref:3733852)   #54
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D.R.T. should be qualifying in the top 5 on the gridD.R.T. should be qualifying in the top 5 on the grid
Is there any rigor around the claim of record tv ratings and a growing audience? The 3rd biggest sport is also debatable.

Or are these records for Foxtel audiences and specific events to try and pump the tyres for a sale?
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Old 16 May 2017, 20:07 (Ref:3733917)   #55
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Is there any rigor around the claim of record tv ratings and a growing audience? The 3rd biggest sport is also debatable.

Or are these records for Foxtel audiences and specific events to try and pump the tyres for a sale?
Do you seriously believe that a single newspaper article will represent the sum total of the due diligence a purchase of somewhere between $70m & $100m will demand?

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Old 16 May 2017, 23:21 (Ref:3733952)   #56
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Is there any rigor around the claim of record tv ratings and a growing audience? The 3rd biggest sport is also debatable.

Or are these records for Foxtel audiences and specific events to try and pump the tyres for a sale?
Ha ha, One of the buyers is pumping up the series so that it can get other bidders to pay a higher price

Sorry that was the absurdity of your comment

News limited article and news limited are one of the bidders. If they pump up the numbers then other bidders will bid higher and thus News limited will miss out or have to pay more
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Old 17 May 2017, 01:06 (Ref:3733962)   #57
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Some concern stated earlier in this thread about the possible return of the Black Wiggle but surely there should be far more concern about the possible total control of the series by Rupert and his minions?
Supercars would then, if past form is any indication, move to control the politics of the sport to enable monopoly control of any and every form of competition.
Foxes have an inbuilt instinct to prey on anything weaker than themselves.
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Old 17 May 2017, 01:23 (Ref:3733963)   #58
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Confirmed At Supercar
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Old 17 May 2017, 01:41 (Ref:3733966)   #59
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So no mention here yet that Archer bought their stake for $180m, yet are selling for $100m (or $70-80m being the "more realistic valuation" as noted by Mr J Phelps).

Am I missing something here? Even DRT hasn't mentioned selling at half the cost of what they paid. Or have they recouped the delta through the TV rights?
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Old 17 May 2017, 01:48 (Ref:3733967)   #60
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So no mention here yet that Archer bought their stake for $180m, yet are selling for $100m (or $70-80m being the "more realistic valuation" as noted by Mr J Phelps).

Am I missing something here? Even DRT hasn't mentioned selling at half the cost of what they paid. Or have they recouped the delta through the TV rights?
the last line from the Phelps article (doesnt give the reasoning however)

Quote:
Archer is selling Supercars as part of a parcel of investments that has now matured and will return a significant return to its investors.
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