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Old 27 Jun 2019, 08:51 (Ref:3914378)   #1
V8 Fireworks
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V8 Fireworks should be qualifying in the top 10 on the grid
888 not profitable?

https://autoaction.com.au/2019/06/27...not-profitable

Roland Dane says:
Quote:
I can tell you that last year and this year are break-even years for us. ... I’m neither willing nor able to subsidise the team for any length of time, so the team has to be able to stand up on its own two feet. The viability of the pit lane does concern me very much and it always has done.
It seems bizarre Dane is saying this when there are so many places he could cut costs, if he so wished:
  • They have two A-level drivers. This is expensive. They could replace the second A-level driver with a low-paid rookie or a pay driver.
  • They admit they are currently doing a "development drive". Development costs money. 888 could save money by following Kelly Racing's example and doing minimal development while racing 5-year-old cars.
  • They have expensive Bathurst-winner co-drivers, instead of using cheap rookies for co-drivers.

It's utterly bizarre for 888 to complain about costs, yet make so little effort to cut costs!!??
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Old 27 Jun 2019, 10:30 (Ref:3914400)   #2
Driver TBA
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Driver TBA should be qualifying in the top 10 on the grid
Victim of his own doing. Teams have spent more and more to catch up to 888 and 888 have just spent even more to stay ahead.

Now he's encountered someone who doesn't need a profitable team, just a team to break even.

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Old 27 Jun 2019, 10:31 (Ref:3914401)   #3
snappa
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snappa should be qualifying in the top 10 on the grid
It’s interesting that Mr Dane is talking up how far behind his race team are, when they are starting negotiations for renewal of the factory and Red Bull deals. I wonder if this is including 888 Race Engineering in the not making profit piece.
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Old 27 Jun 2019, 12:23 (Ref:3914413)   #4
Jack65
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Jack65 should be qualifying in the top 10 on the grid
All the 888 haters will no doubt say Dane is just making excuses, but if what he says is correct, and I have no reason to doubt it, then the category has a big problem. If the most successful team of the last decade is struggling to balance its books, how are the rest doing?

Sure some have wealthy owners who have other sources of income to subsidise their racing activities, but there are some for whom Supercars is their primary business. Seems to be the pay tv deal coming home to roost, for all of the spin, eyeball numbers are down and that is seemingly being reflected in the amount teams can sell sponsorship for.
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Old 27 Jun 2019, 15:06 (Ref:3914435)   #5
Speedy400
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Speedy400 should be qualifying in the top 10 on the grid
GTR?

The floor is yours...
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Old 28 Jun 2019, 00:57 (Ref:3914515)   #6
GTRMagic
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GTRMagic is going for a new world record!GTRMagic is going for a new world record!GTRMagic is going for a new world record!GTRMagic is going for a new world record!GTRMagic is going for a new world record!GTRMagic is going for a new world record!GTRMagic is going for a new world record!GTRMagic is going for a new world record!
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GTR?

The floor is yours...
Supercar is doomed?
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Shane Van Gisbergen. The first placed ‘legal’ car & team in the 2019 Virgin Australia Supercar Championship
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Old 28 Jun 2019, 01:18 (Ref:3914517)   #7
Kingair
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Kingair should be qualifying in the top 10 on the gridKingair should be qualifying in the top 10 on the grid
Must be missing the dollars from the CL merchandise sales?
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Old 28 Jun 2019, 01:37 (Ref:3914520)   #8
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Must be missing the dollars from the CL merchandise sales?
Merchandise was reported a few years ago as earning 888 ~$1.5m per annum. This apparently took the form of taking that as a fixed commission, while a 3rd party actually ran/runs the merchandise program.

This was also before 888 added the Caltex Vortex Lowndes program, separate to the Red Bull branded team. A reduction in Holden dealers, and lack of support/success of the Commodore nameplate may also have reduced the potential of sales thru the red lion network.

HRT (Walkinshaw-style) back in the day mixed it up every year, so that their followers would get the latest and greatest hat/shirt/flag/stubbie holder because it was new. That the RBHRT cars/merchandise is kinda the same year on year might not be helping either
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Shane Van Gisbergen. The first placed ‘legal’ car & team in the 2019 Virgin Australia Supercar Championship
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Old 28 Jun 2019, 02:11 (Ref:3914523)   #9
blaarg
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All roads lead to Rome, or in this case the fans.

The damage was done years ago and will be incredibly difficult to unwind, many thanks to Warbo!
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Old 28 Jun 2019, 03:17 (Ref:3914529)   #10
mayhem
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mayhem should be qualifying in the top 5 on the gridmayhem should be qualifying in the top 5 on the grid
It's tax time, every business just breaks even around June 30.

If the Camaro comes in with Walkinshaw, it'd be another huge blow to Roland.

Wonder how the shareholders like Whincup, Dumbrell Tim Miles and Trinette Schipkie feel about these statements from Dane?

How much did the V6TT program burn?

How is the team selling all the Holden bits and bobs only breaking even?

Once again I refer back to the Fox deal done all those years ago, it might have kept the wolves from the doors, but nothing substantial has been done to address the problems that existed at that time to stop the burn of cash in the sport.
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Old 28 Jun 2019, 03:31 (Ref:3914532)   #11
Just Do It!
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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
Didn't Jamie buy Trinette's shares or something like that?

Also, did I see somewhere that the Camaro nameplate ceases to exist in 2023 or 2024?
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Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car.
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Old 28 Jun 2019, 03:32 (Ref:3914533)   #12
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Racing teams do seem to spend all the dollars they can get their hands on from commercial means, and from profit on component supply.

Development continues on the next evolution of front end no doubt, and aero packages and any other ZB-specific component.... plus finding things for the ex-888 crew to do in the main or customer racing programs.
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Shane Van Gisbergen. The first placed ‘legal’ car & team in the 2019 Virgin Australia Supercar Championship
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Old 28 Jun 2019, 03:36 (Ref:3914535)   #13
mayhem
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mayhem should be qualifying in the top 5 on the gridmayhem should be qualifying in the top 5 on the grid
Anonymous sources inside GM suggest that might be true.

But thats getting away from the trials and tribulations of Roland Dane.
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Old 28 Jun 2019, 03:52 (Ref:3914536)   #14
rich07
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rich07 should be qualifying in the top 3 on the gridrich07 should be qualifying in the top 3 on the gridrich07 should be qualifying in the top 3 on the gridrich07 should be qualifying in the top 3 on the grid
Or maybe someone is talking down the series financially so the price is better for them and their mates come buyout time? (Shrugs)
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Old 28 Jun 2019, 04:42 (Ref:3914539)   #15
mayhem
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mayhem should be qualifying in the top 5 on the gridmayhem should be qualifying in the top 5 on the grid
Talking down the series wont help them negotiate that upcoming TV deal.
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