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Old 28 Feb 2011, 03:03 (Ref:2837754)   #11
Mark Petch
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Join Date: Dec 2006
Posts: 968
Mark Petch should be qualifying in the top 10 on the grid
Quote:
Originally Posted by RogerH View Post
I don't think it is as straightforward as that - I understand that quiet recently TMC/MSNZ have inadvertently lost their hold over the NZV8s. NZV8s Limited is no longer majority owned by TMC. All the TMC directors have resigned and the company is now 100% owned by VEEGA.
Roger, you are correct NZV8's Ltd is today 100% owned by VEEGA.

However the majority of the VEEGA teams/shareholders voted to enter into a contractual agreement with TMC, A/because they wanted certainty, and B/ because the word Championship means a lot to some folk.

TMC owns the promotional rights to all MSNZ motor racing championships.

60% of TMC is own by MSNZ, so its a very close relationship between the two entities, the circuit owning clubs own the rest of the shares.

So really its game set, and match, the majority rules again, which is why the current NZV8 category must run under TMC.

The V8 Supertourers Series however, is a non MSNZ sanctioned, and as such controls its own destiny. The series also run in one calendar year, with a winter break, so theoretically speaking there is room for both Series.

The public in the end will be the final arbitrator of who offers the best bang for buck.

Mark Petch,
CEO, V8 SUPERTOURERS LIMITED.

Last edited by Mark Petch; 28 Feb 2011 at 03:06. Reason: mistake
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