Home  
Site Partners: SpotterGuides Veloce Books  
Related Sites: Your Link Here  

Go Back   TenTenths Motorsport Forum > Saloon & Sportscar Racing > Australasian Touring Cars.

Reply
 
Thread Tools Display Modes
Old 16 May 2017, 11:07 (Ref:3733826)   #51
peckstar
Veteran
 
Join Date: May 2004
Cayman Islands
Posts: 16,040
peckstar has a lot of promise if they can keep it on the circuit!
Quote:
Originally Posted by one five five View Post



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
peckstar is offline  
Quote
Old 16 May 2017, 11:32 (Ref:3733830)   #52
William5
Racer
 
Join Date: Jan 2015
Posts: 187
William5 should be qualifying in the top 10 on the grid
Woops, did someone make an error in that article. The person said a seven year broadcast deal, rather than a six year broadcast deal.
William5 is offline  
Quote
Old 16 May 2017, 12:37 (Ref:3733846)   #53
GTRMagic
Race Official
1% Club
 
GTRMagic's Avatar
 
Join Date: Dec 2002
Australia
Sell me this pen....
Posts: 46,570
GTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of Fame
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!!
GTRMagic is offline  
__________________
Happy David Thexton Day, 21st March 2003
“I am not uncertain” - Dollar Bill Stern, Billions
“Fear stimulates my imagination” - Don Draper, Mad Men
“Everybody Lies” - Dr Gregory House
Quote
Old 16 May 2017, 13:02 (Ref:3733852)   #54
D.R.T.
Veteran
 
D.R.T.'s Avatar
 
Join Date: Jun 2001
Location:
Sydeny
Posts: 8,963
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?
D.R.T. is offline  
Quote
Old 16 May 2017, 19:07 (Ref:3733917)   #55
GTRMagic
Race Official
1% Club
 
GTRMagic's Avatar
 
Join Date: Dec 2002
Australia
Sell me this pen....
Posts: 46,570
GTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of Fame
Quote:
Originally Posted by D.R.T. View Post
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?

GTRMagic is offline  
__________________
Happy David Thexton Day, 21st March 2003
“I am not uncertain” - Dollar Bill Stern, Billions
“Fear stimulates my imagination” - Don Draper, Mad Men
“Everybody Lies” - Dr Gregory House
Quote
Old 16 May 2017, 22:21 (Ref:3733952)   #56
peckstar
Veteran
 
Join Date: May 2004
Cayman Islands
Posts: 16,040
peckstar has a lot of promise if they can keep it on the circuit!
Quote:
Originally Posted by D.R.T. View Post
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
peckstar is offline  
Quote
Old 17 May 2017, 00:06 (Ref:3733962)   #57
Oldtony
Veteran
 
Oldtony's Avatar
 
Join Date: Jun 2007
Australia
Gold Coast Australia
Posts: 1,722
Oldtony should be qualifying in the top 3 on the gridOldtony should be qualifying in the top 3 on the gridOldtony should be qualifying in the top 3 on the gridOldtony should be qualifying in the top 3 on the grid
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.
Oldtony is offline  
__________________
Geting old is mandatory, acting old is optional.
Quote
Old 17 May 2017, 00:23 (Ref:3733963)   #58
GTRMagic
Race Official
1% Club
 
GTRMagic's Avatar
 
Join Date: Dec 2002
Australia
Sell me this pen....
Posts: 46,570
GTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of Fame
Confirmed At Supercar
GTRMagic is offline  
__________________
Happy David Thexton Day, 21st March 2003
“I am not uncertain” - Dollar Bill Stern, Billions
“Fear stimulates my imagination” - Don Draper, Mad Men
“Everybody Lies” - Dr Gregory House
Quote
Old 17 May 2017, 00:41 (Ref:3733966)   #59
Axeman444
Veteran
 
Axeman444's Avatar
 
Join Date: Jul 2006
Australia
Calling a spade a spade...
Posts: 4,117
Axeman444 should be qualifying in the top 10 on the gridAxeman444 should be qualifying in the top 10 on the grid
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?
Axeman444 is offline  
Quote
Old 17 May 2017, 00:48 (Ref:3733967)   #60
peckstar
Veteran
 
Join Date: May 2004
Cayman Islands
Posts: 16,040
peckstar has a lot of promise if they can keep it on the circuit!
Quote:
Originally Posted by Axeman444 View Post
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.
peckstar is offline  
Quote
Old 17 May 2017, 00:51 (Ref:3733969)   #61
chavez
Veteran
 
Join Date: Feb 2004
Australia
The Basin, Victoria
Posts: 2,829
chavez should be qualifying in the top 3 on the gridchavez should be qualifying in the top 3 on the gridchavez should be qualifying in the top 3 on the grid
Quote:
Originally Posted by Axeman444 View Post

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?
Remember unlike other some sports the the reported TV rights fee is highly inflated.
chavez is offline  
__________________
"Your biggest auto race may one day become a Camaro playground", Chris Economaki, Bathurst 1979
Quote
Old 17 May 2017, 00:55 (Ref:3733970)   #62
peckstar
Veteran
 
Join Date: May 2004
Cayman Islands
Posts: 16,040
peckstar has a lot of promise if they can keep it on the circuit!
Quote:
Originally Posted by chavez View Post
Remember unlike other some sports the the reported TV rights fee is highly inflated.
Not inflated, just not understood by the average person, the same as otehr sports.

Media just reports the headline data and not the bottom line data
peckstar is offline  
Quote
Old 17 May 2017, 01:00 (Ref:3733971)   #63
mountainstar
Veteran
 
mountainstar's Avatar
 
Join Date: Dec 2003
United States
Posts: 6,884
mountainstar should be qualifying in the top 5 on the gridmountainstar should be qualifying in the top 5 on the gridmountainstar should be qualifying in the top 5 on the grid
Quote:
Originally Posted by Axeman444 View Post
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?
I'm sure they took a lot of money out of it over the years so you have to look beyond the final selling cost.
mountainstar is offline  
__________________
Wolverines!
Quote
Old 17 May 2017, 01:12 (Ref:3733972)   #64
GTRMagic
Race Official
1% Club
 
GTRMagic's Avatar
 
Join Date: Dec 2002
Australia
Sell me this pen....
Posts: 46,570
GTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of Fame
Quote:
Originally Posted by Axeman444 View Post
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?
It is very clear Here that Supercar is part of a portfolio of assets inside a particular Archer investment growth fund, that are offsetting any losses that may be incurred on this sale, presuming it goes ahead.
GTRMagic is offline  
__________________
Happy David Thexton Day, 21st March 2003
“I am not uncertain” - Dollar Bill Stern, Billions
“Fear stimulates my imagination” - Don Draper, Mad Men
“Everybody Lies” - Dr Gregory House
Quote
Old 17 May 2017, 03:01 (Ref:3733976)   #65
chavez
Veteran
 
Join Date: Feb 2004
Australia
The Basin, Victoria
Posts: 2,829
chavez should be qualifying in the top 3 on the gridchavez should be qualifying in the top 3 on the gridchavez should be qualifying in the top 3 on the grid
Quote:
Originally Posted by peckstar View Post
Not inflated, just not understood by the average person, the same as otehr sports.

Media just reports the headline data and not the bottom line data
Yes, perhaps not understood is more like it.

Supercars have to supply the TV rights holders with X amount of hours of program content paid for by Supercars.
chavez is offline  
__________________
"Your biggest auto race may one day become a Camaro playground", Chris Economaki, Bathurst 1979
Quote
Old 17 May 2017, 03:04 (Ref:3733977)   #66
peckstar
Veteran
 
Join Date: May 2004
Cayman Islands
Posts: 16,040
peckstar has a lot of promise if they can keep it on the circuit!
Quote:
Originally Posted by chavez View Post
Yes, perhaps not understood is more like it.

Supercars have to supply the TV rights holders with X amount of hours of program content paid for by Supercars.
Well of course. Has for many years, since the early 2000's
peckstar is offline  
Quote
Old 17 May 2017, 04:44 (Ref:3733982)   #67
chavez
Veteran
 
Join Date: Feb 2004
Australia
The Basin, Victoria
Posts: 2,829
chavez should be qualifying in the top 3 on the gridchavez should be qualifying in the top 3 on the gridchavez should be qualifying in the top 3 on the grid
Quote:
Originally Posted by peckstar View Post
Well of course. Has for many years, since the early 2000's
Either from the renewal of the contract with TEN or the first contract with Seven.

It is a little disingenuous on Supercars behalf.
chavez is offline  
__________________
"Your biggest auto race may one day become a Camaro playground", Chris Economaki, Bathurst 1979
Quote
Old 17 May 2017, 04:48 (Ref:3733983)   #68
peckstar
Veteran
 
Join Date: May 2004
Cayman Islands
Posts: 16,040
peckstar has a lot of promise if they can keep it on the circuit!
Quote:
Originally Posted by chavez View Post
Either from the renewal of the contract with TEN or the first contract with Seven.

It is a little disingenuous on Supercars behalf.
Before 7. think it was the contract with ten before that one
peckstar is offline  
Quote
Old 17 May 2017, 07:34 (Ref:3734004)   #69
Axeman444
Veteran
 
Axeman444's Avatar
 
Join Date: Jul 2006
Australia
Calling a spade a spade...
Posts: 4,117
Axeman444 should be qualifying in the top 10 on the gridAxeman444 should be qualifying in the top 10 on the grid
Quote:
Originally Posted by GTRMagic View Post
It is very clear Here that Supercar is part of a portfolio of assets inside a particular Archer investment growth fund, that are offsetting any losses that may be incurred on this sale, presuming it goes ahead.
A loss from Supercars being offset by the gain on the remainder of the portfolio does not make it a gain for Supercars. It is still a loss. Its just sugarcoating that Joe Deen and Uncle Gerry would be proud of.
Axeman444 is offline  
Quote
Old 17 May 2017, 08:02 (Ref:3734010)   #70
GTRMagic
Race Official
1% Club
 
GTRMagic's Avatar
 
Join Date: Dec 2002
Australia
Sell me this pen....
Posts: 46,570
GTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of Fame
Quote:
Originally Posted by Axeman444 View Post
A loss from Supercars being offset by the gain on the remainder of the portfolio does not make it a gain for Supercars. It is still a loss. Its just sugarcoating that Joe Deen and Uncle Gerry would be proud of.
And...
GTRMagic is offline  
__________________
Happy David Thexton Day, 21st March 2003
“I am not uncertain” - Dollar Bill Stern, Billions
“Fear stimulates my imagination” - Don Draper, Mad Men
“Everybody Lies” - Dr Gregory House
Quote
Old 17 May 2017, 08:34 (Ref:3734014)   #71
peckstar
Veteran
 
Join Date: May 2004
Cayman Islands
Posts: 16,040
peckstar has a lot of promise if they can keep it on the circuit!
James Erskine emerges as driving force behind bid to buy Supercars
peckstar is offline  
Quote
Old 17 May 2017, 08:41 (Ref:3734015)   #72
GTRMagic
Race Official
1% Club
 
GTRMagic's Avatar
 
Join Date: Dec 2002
Australia
Sell me this pen....
Posts: 46,570
GTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of Fame
To paraphrase the late Mr K.Packer " "You only get one Alan Bond (Archer Capital) in your lifetime, and I've had mine".

GTRMagic is offline  
__________________
Happy David Thexton Day, 21st March 2003
“I am not uncertain” - Dollar Bill Stern, Billions
“Fear stimulates my imagination” - Don Draper, Mad Men
“Everybody Lies” - Dr Gregory House
Quote
Old 17 May 2017, 09:43 (Ref:3734028)   #73
PS2244
Veteran
 
Join Date: Dec 2016
Australia
Newcastle, NSW
Posts: 797
PS2244 should be qualifying in the top 10 on the grid
This would be the best solution SEL knows how to get it done
PS2244 is offline  
Quote
Old 17 May 2017, 10:24 (Ref:3734035)   #74
T-star
Racer
 
Join Date: May 2004
Posts: 386
T-star should be qualifying in the top 10 on the grid
Cmon GTR.
Selling for less than they bought for says that they either overpaid or that it is worth less now.

No amount of powder covers that up.
T-star is offline  
Quote
Old 17 May 2017, 10:30 (Ref:3734036)   #75
GTRMagic
Race Official
1% Club
 
GTRMagic's Avatar
 
Join Date: Dec 2002
Australia
Sell me this pen....
Posts: 46,570
GTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of Fame
Quote:
Originally Posted by T-star View Post
Cmon GTR.
Selling for less than they bought for says that they either overpaid or that it is worth less now.

No amount of powder covers that up.
And...

Those facts seem immutable aren't in dispute.
GTRMagic is offline  
__________________
Happy David Thexton Day, 21st March 2003
“I am not uncertain” - Dollar Bill Stern, Billions
“Fear stimulates my imagination” - Don Draper, Mad Men
“Everybody Lies” - Dr Gregory House
Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Penkse's combined racing budget: $100M JagtechOhio Indycar Series 4 28 May 2010 16:59
Needham Market stevebrown Marshals Forum 14 13 Feb 2003 23:24
Free Car!!!! And the state of the UK used car market paul c Road Car Forum 3 23 Apr 2001 08:21
usgp tix: a buyers market botsquad Formula One 11 23 Sep 2000 02:55


All times are GMT. The time now is 10:47.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Original Website Copyright © 1998-2003 Craig Antil. All Rights Reserved.
Ten-Tenths Motorsport Forums Copyright © 2004-2021 Royalridge Computing. All Rights Reserved.
Ten-Tenths Motorsport Forums Copyright © 2021-2022 Grant MacDonald. All Rights Reserved.