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10 Sep 2021, 11:44 (Ref:4072926) | #301 | |
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Now we will see what the real price is when the number crunchers who are going to front the money really get involved. It won't be what Skaife and cohorts want to pay it will be what the lenders want to give them after having a good look at the deal. No finance = no deal.
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10 Sep 2021, 12:12 (Ref:4072931) | #302 | |
Racer
Join Date: Aug 2007
Posts: 150
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Will the teams still own their REC's if their stake is bought as part of the sellout?
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11 Sep 2021, 06:24 (Ref:4073033) | #303 | |||
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getting closer ....
Quote:
https://bruincptl.com/team/ The locals involved are Barclay Nettlefold and Craig Kelly, neither lightweights in a business sense. Skaife is a figure head for the bid, important to the fans, the spin, no more. I sense this bid does not require the teams to sell their 35% interest as the Adderton bid did. |
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more torque than a climate change conference |
12 Sep 2021, 09:24 (Ref:4073219) | #304 | ||
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A bid hasn't been this exciting since Sir Speedy Thexalot danced the dance to extract himself and his Aussie partner in the Kiwi Rio Beverages business to Coca Cola in 2012.
A star was born that day... although we didn't know it a the time.. What will we see here? |
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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, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods |
12 Sep 2021, 23:20 (Ref:4073496) | #305 | |||
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Quote:
Speedy did well from the sale, and also the ongoing royalties |
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Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car. |
13 Sep 2021, 08:44 (Ref:4073575) | #306 | ||
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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, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods |
15 Sep 2021, 23:07 (Ref:4074147) | #307 | |
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Interesting interview with Peter Smith in Auto Action and his views on the bid for Supercars.
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16 Sep 2021, 03:44 (Ref:4074169) | #308 | |||
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Quote:
Edit: Just went to read the article I found / posted the link to.... sadly it is just a tease intro with a "click to subscribe and read the full article"..... Apologies Last edited by E.B; 16 Sep 2021 at 03:53. |
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22 Sep 2021, 07:17 (Ref:4074996) | #309 | ||
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more torque than a climate change conference |
10 Oct 2021, 03:35 (Ref:4077717) | #310 | ||
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Suggestion that Troy Bundy is to join the new Supercars management team following his departure from his role working on the Porsche Motorsport programme in Australia.
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more torque than a climate change conference |
10 Oct 2021, 14:01 (Ref:4077801) | #311 | ||
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I rather preferred the body of work consistently brought by his older brother Al.. with Peg, Bud & Kelly in tow… paging Dr Shoe…
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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, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods |
10 Oct 2021, 21:37 (Ref:4077906) | #312 | ||
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“We’re far from having too much horsepower…[m]y definition of too much horsepower is when all four wheels are spinning in every gear.” ― Mark Donohue |
10 Oct 2021, 22:26 (Ref:4077911) | #313 | ||
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13 Oct 2021, 23:29 (Ref:4078367) | #314 | ||
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Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car. |
14 Oct 2021, 13:39 (Ref:4078436) | #315 | ||
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The Aus reporting a new ownership group set to take control in a deal representing less than one-third of its previous sale value.
https://www.theaustralian.com.au/bus...3297f51f2cac78 In a transaction set to be announced as soon as Friday, Supercars will be sold in a $100.3m deal to The Australian Racing Group consortium and the TGI Sport consortium, which have joined forces to form one proposal after earlier competing against each other. ..... Supercars recorded “EBITDA before appearance and grid fees” of $23.8m from $118m revenue in 2019, the last completed year of racing that was not interrupted by Covid-19.' More detail around profitability (ebitda) & the new owners & the expertise they bring to the business they are purchasing. Well worth a read. |
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more torque than a climate change conference |
14 Oct 2021, 13:44 (Ref:4078437) | #316 | |
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So looks like there’ll be some more investment in the series, which should be nice. At least we keep most of the current team on board by the sounds of it. It’s taken time, but glad it’s come good.
Obviously last year wasn’t easy, but the series should be able to be more sustainable now, at least from next year, although it might take a bit to match previous heights for a while, but it’s a good start. We’ll hear more as time goes on, but it sounds good by the sounds of it. Some outsider investing without taking over from those in the know. Thanks to the Aus for that article |
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He who dares wins! He who hesitates is lost! |
14 Oct 2021, 23:25 (Ref:4078514) | #317 | |
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How long do we give the “partnership” before it breaks down and I’ve had to buy the other out?
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15 Oct 2021, 02:24 (Ref:4078525) | #318 | ||
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This really worries me. If Supercars and TCR are now kind of owned by the same body could TCR get swept up behind the Foxtel paywall ?
I stopped watching V8s and F1 when that happened in 2014, looks like it could happen again ? |
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15 Oct 2021, 04:03 (Ref:4078528) | #319 | ||
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Quote:
Depends on the TLA/TGI side, they are the ones more likely to favour the $$ signs of pay tv over looking after the sport. I really don’t see the “partnership” lasting long term. Once they have the ownership, then they’ll battle themselves and one will buy the other out…… |
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16 Oct 2021, 03:26 (Ref:4078675) | #320 | |||
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the business side of the new ownership model
Quote:
'The new owners were also undertaking a $25m capital raising led by advisory firm Henslow, with investors taking a large slice of the raising offered board seats and personalised VIP experiences at selected Supercars events.' 'A category of “value-add” shareholders would provide $6m in services such as billboards, radio promotion and industry expertise for two years before gaining ordinary shares.' https://www.theaustralian.com.au/bus...3297f51f2cac78 Last edited by cavvy; 16 Oct 2021 at 03:27. Reason: typo |
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more torque than a climate change conference |
17 Oct 2021, 01:03 (Ref:4078816) | #321 | |||
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QMS, TLA, TGI
Quote:
https://www.mediaweek.com.au/qms-com...sport-capital/ QMS Media (QMS) has announced that it has completed its strategic partnership with Bruin Capital (Bruin). The partnership will see Bruin and Quadrant Private Equity become co-owners of global sports technology company TGI Sport which includes TLA Worldwide (Aust) Pty Ltd and TLA – ESP Limited (UK). TGI Global CEO, Barclay Nettlefold, said: “The completion of the deal forms a key component of our strategic vision as we set out to create a world leading technology led sports media business. The new partnership will build on TGI’s impressive growth, adding the strategic capabilities, capital and resources of Bruin to diversify and expand the company worldwide. “We are well positioned to drive significant growth and meet our strategic and financial objectives, particularly with our investment into leading Parallel Advertising (PADS) multiplication technology which is revolutionising the way broadcasters and sporting bodies can segment and regionalise perimeter LED advertising.” There's more thats about the business model rather than SuperCars, given it was ahead of bids closing. |
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more torque than a climate change conference |
21 Oct 2021, 05:16 (Ref:4079306) | #322 | ||
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RACE
Interesting Racing Australia Consolidated Enterprises The sale of Supercars to RACE is due to be finalised this week. Private outside investment is providing most of the funding in a partial pre-sale flotation. Under the new ownership, Supercars will be run by a high-powered board of directors, possibly chaired by retiring Triple Eight team boss – and long-time V8 powerbroker – Roland Dane. The RACE consortium will combine all of Australia’s major motor racing categories under one ownership and management group. |
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GO Hard or GO Home |
21 Oct 2021, 06:24 (Ref:4079307) | #323 | |
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Various media outlets (… and Adderton) are reporting the preferred consortium are going through a capital raising to actually get the $55M required.
Rather use others money than their own, thats how confident they are - what a mess!!! Wonder if IPRA regulations will be in for the running of the 2022 championship?? :-D Sent from my iPhone using Tapatalk |
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I want you to go back out on that track.... and hit the pace car |
21 Oct 2021, 07:02 (Ref:4079308) | #324 | ||
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21 Oct 2021, 07:15 (Ref:4079309) | #325 | ||
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Quote:
Unless you are 100% certain it has bottomed out… the capital raising suggests that might not the case :-/ Either way, its bad news Sent from my iPhone using Tapatalk |
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I want you to go back out on that track.... and hit the pace car |
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