Archer cashing out?

mayhem · 16 Dec 2015, 20:59 (Ref:3598220)

Seems Auto Action are suggesting that Archer capital are testing the waters of selling their 65% share of V8 Supercars. They reportedly rejected a recent offer of $40 million for their original investment of $165 million.
STORY HERE

**GTRMagic** · 16 Dec 2015, 21:38 (Ref:3598225)

Quote:

Originally Posted by mayhem

Seems Auto Action are suggesting that Archer capital are testing the waters of selling their 65% share of V8 Supercars. They reportedly rejected a recent offer of $40 million for their original investment of $165 million.
STORY HERE

Mrs Klimenko could have bought it with her Erebus spend... Oops...

too soon?

mayhem · 16 Dec 2015, 21:56 (Ref:3598227)

It'd be more ironic if Mercedes bought the series...

Umai Naa · 16 Dec 2015, 22:08 (Ref:3598229)

Quote:

Originally Posted by GTRMagic

Mrs Klimenko could have bought it with her Erebus spend... Oops...

too soon?

After seeing what she's achieved with a race team, imagine what she could with an entire series...

Chappelli · 17 Dec 2015, 00:34 (Ref:3598258)

Quote:

Originally Posted by GTRMagic

Mrs Klimenko could have bought it with her Erebus spend... Oops...

too soon?

Imagine that.... The format would have changed to V8 Super Formula 1 because a friend of her Dad's once hired a corporate box at the Grand Prix. Naturally Bernie wouldn't have been interested in an Australia F1 franchise, so it would have strictly bee a customer deal. Due to a lack of turn around time no one will understand what's going on and attendances will drop 90% in the first season.... this will have obviously been due to it being a brand new sport, someone in the series starting a terrible rumour that the series was changing to F1 cars and the general feeling that the days of average citizens being able to run a sports series being over.... Overall though, none of this will be in any way related to the owner making ridiculously bad business decisions and apparently being incapable of owning those decisions......

Forda · 18 Dec 2015, 21:48 (Ref:3598667)

Quote:

Originally Posted by mayhem

Seems Auto Action are suggesting that Archer capital are testing the waters of selling their 65% share of V8 Supercars. They reportedly rejected a recent offer of $40 million for their original investment of $165 million.
STORY HERE

$165m in, and maybe $40m back.

Someone was sold a pup.

peckstar · 18 Dec 2015, 22:38 (Ref:3598676)

Quote:

Originally Posted by Forda

$165m in, and maybe $40m back.

Someone was sold a pup.

Do you own a car, I'll give you $50 for it.

Does that mean your car is now valued at $50 and you've been sold a pup?

Umai Naa · 18 Dec 2015, 23:41 (Ref:3598684)

Where did the offer come from, Tony Quinn?

Juarez Jed · 19 Dec 2015, 01:25 (Ref:3598693)

Todays daily fish wrapper is claiming Mr Warburton is looking at a $10m windfall for his 5% share of the sport. Maybe he was sold the pup !
It also says his wife got $15m when Austar sold to Foxtel so he doesn't exactly need the money for school uniforms or anything.

D.R.T. · 20 Dec 2015, 04:28 (Ref:3598896)

Quote:

Originally Posted by peckstar

Do you own a car, I'll give you $50 for it.

Does that mean your car is now valued at $50 and you've been sold a pup?

When $50 is the highest offer and no one else if offering - I think it does.

peckstar · 20 Dec 2015, 05:03 (Ref:3598898)

Quote:

Originally Posted by D.R.T.

When $50 is the highest offer and no one else if offering - I think it does.

clearly not a salesmen

mayhem · 20 Dec 2015, 06:22 (Ref:3598900)

Of more concern I would have thought is AA's inference that there hasn't been any real clamouring to buy Archer Capital's share. Its felt currently that investment into any sport (probably outside of the two major ball codes) is a risk, particularly with the ever-changing broadcasting platforms available to consumers these days.

I'm wondering why Archer would want to sell. Isnt the series absolutely flying, a big new TV deal securing the sports future and everything smelling like roses? Why would your major shareholder want out (at least partially)?

And obviously someone with $40m spare felt that's what Archers $160m share was worth...

Mixer · 20 Dec 2015, 23:32 (Ref:3599026)

Quote:

Originally Posted by mayhem

I'm wondering why Archer would want to sell. Isnt the series absolutely flying, a big new TV deal securing the sports future and everything smelling like roses? Why would your major shareholder want out (at least partially)?

The reason Archer would want to sell, is that is what they do. Ordinarily you would buy low sell high.

Alan52 · 21 Dec 2015, 01:42 (Ref:3599050)

Archer bought very high conned by Cochrane.All the execs that signed onto the deal have been shown the door.They will take a loss and the question is how big a loss they will wear to be rid of V8SA.

Umai Naa · 21 Dec 2015, 01:45 (Ref:3599051)

No doubt they'll be hoping to offload it while it's still worth something.

peckstar · 21 Dec 2015, 02:23 (Ref:3599056)

Quote:

Originally Posted by Umai Naa

No doubt they'll be hoping to offload it while it's still worth something.

are you suggesting the 12 hour is about to go under?

profitability up 80%
Crowds up 4%
TV audience up 29%

Stram_man · 21 Dec 2015, 04:08 (Ref:3599065)

While they may be selling at a loss I would be interested as to what cash they have ripped out each year during their period of ownership. It would be substantial I would think given the general decline in money being invested back into the sport.

Alan52 · 21 Dec 2015, 04:49 (Ref:3599069)

Quote:

Originally Posted by Stram_man

While they may be selling at a loss I would be interested as to what cash they have ripped out each year during their period of ownership. It would be substantial I would think given the general decline in money being invested back into the sport.

I doubt Archer have "ripped out" much money from the business at all.Their period of ownership has coincided with the time payments to the teams-which are a proportion of profits- have dwindled to nearly nothing.This year has been more profitable due to the Foxtel money however 2 things cloud the horizon.Firstly Foxtel viewing numbers relative to how much they paid have been terrible particularly in comparison to F1 which has been a huge success for Foxtel.Unless these numbers change dramatically at the next renewal Foxtel would not pay this premium again or at least would direct their budget towards F1.Secondly Gen 2 has so much uncertainty around it-at the moment the grid could easily be 24 Commodores and 2 Volvos-that the whole thing looks about as good a long term investment as a coal mine.

Mixer · 21 Dec 2015, 04:53 (Ref:3599072)

Quote:

Originally Posted by Alan52

Firstly Foxtel viewing numbers relative to how much they paid have been terrible particularly in comparison to F1 which has been a huge success for Foxtel.Unless these numbers change dramatically at the next renewal Foxtel would not pay this premium again or at least would direct their budget towards F1.

Care you substantiate your claim?

Compromised · 21 Dec 2015, 05:44 (Ref:3599078)

Quote:

Originally Posted by Mixer

Care you substantiate your claim?

Do you want peckstar to substantiate his claims above too or do they suit your argument and are thus deemed not worthy of your beacon of truth, which you shine on the world's great injustices

Umai Naa · 21 Dec 2015, 05:48 (Ref:3599079)

Here we go again...

Terry S · 21 Dec 2015, 06:51 (Ref:3599088)

Quote:

Originally Posted by Compromised

Do you want peckstar to substantiate his claims above too or do they suit your argument and are thus deemed not worthy of your beacon of truth, which you shine on the world's great injustices

Is peckstar really Ray Bell in disguise?

Seems to have the same negative tones as Bell, and I understand Bell is banned from this forum.

Compromised · 21 Dec 2015, 07:49 (Ref:3599094)

Quote:

Originally Posted by Terry S

Is peckstar really Ray Bell in disguise?

Seems to have the same negative tones as Bell, and I understand Bell is banned from this forum.

Hmmm... He was more into historics yeah? Don't really remember him having glowing praise for all things super

DAVID PATERSON · 21 Dec 2015, 07:59 (Ref:3599096)

Pecky is a Victorian, Ray lives just up the road from me and he's no fan of V8SC. He's all about Historics, Sports Cars and single seaters.

peckstar · 21 Dec 2015, 08:59 (Ref:3599106)

Quote:

Originally Posted by Terry S

Is peckstar really Ray Bell in disguise?

Seems to have the same negative tones as Bell, and I understand Bell is banned from this forum.

there's a first. Never been called negative in the v8 supercars forum, Normally its the opposite, been called TC a number of times in this forum or asked if I work for V8S or for foxtel?

I guess i must be balanced then

and for the record "Compromised", yes I can substantiate my claims, All of them have a source from someone well connected with the series

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