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Old 9 Jan 2017, 03:34 (Ref:3701170)   #1
GTRMagic
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65% of Supercar On The Market for $100m - CONFIRMED & STALLED

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Originally Posted by street talk, AFR Jan 9 2017 at 12:15 AM, Sarah Thompson, Anthony Macdonald, Joyce Moullakis

New name drives into V8s; board yet to push button on sale

It's a big year for Archer Capital-backed V8 Supercars.

Archer bought its 60 per cent stake in May 2011 and has put plenty of thought into running the motorsport business, and its eventual exit.

The V8s board now has to decide whether to push ahead with a sale process, following a round of talks with interested parties.

The matter is said to be on the board's radar, although no decision has been made to formalise talks or mandate a bank to run an auction.

Interesting, one of the parties hovering around the hoop is understood to be businessman Bart Campbell.

Campbell is well known in the sports entertainment industry globally and is a co-owner and chairman of local rugby league club Melbourne Storm.

He also founded UK-listed TLA Worldwide, which is a sports marketing and management company focused on major league baseball.

While V8s would be a big step up for Campbell - remember Archer's investment six years ago valued V8s at $300 million - it's indicative of the type of buyer the franchise rights owner could attract.

Other interested parties are said to include broadcasters, rival sports entertainment companies and private equity firms.

While Archer has a controlling stake at V8s, other investors include touring car team owners and current and former management.

Deliberations around the potential exit come as V8 Supercars enters the third year of a six-year media rights deal with Ten Network Holdings and Fox Sports. The pair paid a combined $241 million for the rights, which sees Ten show the six most popular races.

The 2017 V8s season starts in Adelaide in March.

Story Here
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Old 9 Jan 2017, 04:01 (Ref:3701174)   #2
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Bound to happen one day. Good time to sell too i reckon
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Old 9 Jan 2017, 07:09 (Ref:3701191)   #3
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Any chance of a team buy-back as was rumoured in the past?
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Old 9 Jan 2017, 08:47 (Ref:3701205)   #4
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Any chance of a team buy-back as was rumoured in the past?
Id say that would be pretty low now. from memory that was back in the channel 7 days when there were financial issues going on and the price was low.

But i guess it depends how much certain teams owners want to spend
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Old 9 Jan 2017, 12:31 (Ref:3701255)   #5
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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
Sell it to Foxtel?
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Old 9 Jan 2017, 18:01 (Ref:3701348)   #6
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Sell it to Foxtel?
A stake for News Ltd would be a great kick... and the sport may then be in every city's newspaper, on Fox Sports, on a predictably regular basis, ala AFL or NRL.

Win win win
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Old 9 Jan 2017, 18:46 (Ref:3701363)   #7
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Sell it to Foxtel?
They already sold out to Foxtel from the start of 2015....
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Old 9 Jan 2017, 19:45 (Ref:3701373)   #8
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Just Do It! should be qualifying in the top 5 on the gridJust Do It! should be qualifying in the top 5 on the gridJust Do It! should be qualifying in the top 5 on the grid
If a broadcaster took a stake, wouldn't that see a reduction in REC income?

You're hardly going to pay to show off what you own
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Old 9 Jan 2017, 19:49 (Ref:3701375)   #9
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If a broadcaster took a stake, wouldn't that see a reduction in REC income?

You're hardly going to pay to show off what you own
Only partial owner, so would still have to pay

Its only when you gain full ownership that you can stop paying.

But maybe its a reduced fee to gurantee a payment to the teams
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Old 9 Jan 2017, 21:15 (Ref:3701394)   #10
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If a broadcaster took a stake, wouldn't that see a reduction in REC income?

You're hardly going to pay to show off what you own
Why would it change the income spread?

If the pot is 100, and the major shareholder today is entitled to 60 out of that 100, and tomorrow they are still entitled to that 60, regardless of who holds the share certificates

Where it could get complicated is around the renewal of the broadcast rights... and that can be handled by the broadcaster not voting on who to sign with for the ongoing teev & digital arrangements....
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Old 10 Jan 2017, 04:05 (Ref:3701506)   #11
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Where it could get complicated is around the renewal of the broadcast rights... and that can be handled by the broadcaster not voting on who to sign with for the ongoing teev & digital arrangements....
Would any broadcaster (eg.. Seven West) be interested in buying at the moment, given the long-term deal in place with Foxtel and Ten?

If News Limited bought in now, it would secure their sizeable investment made at the start of 2015 (ie... would make it far harder to be outbid at the next rights deal, or perhaps scare the others off).

Do the teams have any say in who Archer sells their share to?
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Old 10 Jan 2017, 05:13 (Ref:3701515)   #12
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An update...

Quote:
Originally Posted by street talk, AFR Jan 9 2017 at 4:35PM, Sarah Thompson, Anthony Macdonald, Joyce Moullakis

PE backing unsolicited V8 Supercars approach

The play for Archer Capital's stake in V8 Supercars motor racing circuit has a few twists and turns to take.

As revealed by Street Talk on Monday, Melbourne sports business entrepreneur Bart Campbell has been kicking the tyres of Archer's 60 per cent share of Supercars that was bought back in 2011 in a deal valuing the entire business at $300 million.

Street Talk now understands the recent approach by Campbell, the chairman of NRL club Melbourne Storm and London-listed sports marketing and management agency TLA Worldwide, was unsolicited.

The deal was said to at least involve TLA and private equity money originating from the United Kingdom, where Campbell spends some of his time.

Given TLA's market capitalisation is only 45 million, the involvement of private equity is not surprising. Campbell is said to have about €50 million of investor money behind him.

Archer is said not to be terribly interested in selling just yet, but the finishing line is surely drawing closer for the firm as it nears the sixth anniversary of its original deal. [Supercars has held talks with a number of potential suitors but the board is yet to mandate any sale process.]

Supercars boss James Warburton, who has a small stake in the business that also count team owners and former management as shareholders, has restored Supercars' annual profits to around $30 million mark, the same level as in 2011 after a dip caused by an unfavourable broadcast agreement.

But armed with a six-year $241 million TV deal with Fox Sports and Network Ten and the promise of an improved contract next time, Archer could get out while the going is good.

Other interested parties could include WME-IMG, which last year purchased the UFC mixed martial arts circuit for $US4 billion, and French sports group Lagardere.

Story Here
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Old 10 Jan 2017, 21:06 (Ref:3701676)   #13
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New Potential Supercars Buyer Surfaces

...Speedcafe catches up...
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Old 11 Jan 2017, 00:17 (Ref:3701705)   #14
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Umai Naa should be qualifying in the top 10 on the gridUmai Naa should be qualifying in the top 10 on the grid
They operate on the basis of at least one story a day. They'll hold back on something if they're expecting a slow tomorrow.
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Old 11 Jan 2017, 02:51 (Ref:3701718)   #15
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And from Mr Gover

Quote:
SUPERCARS SET TO CHANGE HANDS
By PAUL GOVER, News Limited
Supercars headquarters in Sydney is preparing the paperwork for a potential sale.
At least three consortiums are believed to be considering a bid that would take the championship away from Archer Capital.

There has been lots of talk about a sale over the past six months involving money men from various locations including Australia and Asia.

Archer is believed to be rationalising its holdings and is already moving on the sale of the two properties which are bundled in the same business division as Supercars.

The private equity company paid $300 million for the rights to Supercars more than five years ago, but subsequent write-downs mean it could accept a bid for a substantially lower figure.

But, as yet, none of the bidders have gone public with their plans.

One of the potential players, according to the Australian Financial Review newspaper, is sports entrepreneur Bart Campbell. He is a transplanted New Zealander who lives in London and has a number of sports properties including the Melbourne Storm rugby league team.

But pitlane chat says there are a number of personality clashes and potential hitches involved in any potential deal, which hinges on the approval of Archer’s supremo, Peter Wiggs.

Teams could also tip the balance on a sale, as they have ‘tag along’ rights which means they have to be offered a payout for their stake that matches any offer to Archer Capital.
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