Archer Capital Gone - Page 8

bathurst77 · 26 Jun 2021, 09:22 (Ref:4058264)

moved to other thread

cavvy · 26 Jun 2021, 12:11 (Ref:4058290)

Quote:

Originally Posted by Alan52

Why?He already bought a series that has been a financial basket case since Tony George did the great CART/IRL split and burnt through half the Hulman family fortune.Penske has an attachment to the Indy 500 race and thinks he can make the rest self sustaining.
He has left the building here largely because he could see the future and doesn’t think it looks good.
My guess is Archer is moving into the bargain basement category.The contenders seem to be a US private equity company with Skaife as the Australian front man and the Morris/Adderton bid which I think might have Roland Dane hidden in the mix.
The former might be stupid enough to bid more than it’s worth and what is Skaife doing in there?Remember he took HRT to the point of bankruptcy in the short time he ran the business.I was going to say it was the only thing he has done worse than commentary but then I had a reality check and his commentary is much worse.
Roland Dane is smart enough to run it but also smart enough not to pay any more than what it’s worth so might miss out,

If Skaifes long time manager manager Craig Kelly is involved, I could see another PE company taking out Archer.

cavvy · 27 Jun 2021, 07:30 (Ref:4058359)

the bid he’s (Skaife) part of is in conjunction with TLA Worldwide/TGI Sport.

https://www.speedcafe.com/2021/06/27...supercars-bid/

Craig (Ned) Kelly is in this up to his armpits, be amazed if they pay any more than it is worth.

**GTRMagic** · 27 Jun 2021, 09:23 (Ref:4058383)

Quote:

Originally Posted by cavvy

the bid he’s (Skaife) part of is in conjunction with TLA Worldwide/TGI Sport.

https://www.speedcafe.com/2021/06/27...supercars-bid/

Craig (Ned) Kelly is in this up to his armpits, be amazed if they pay any more than it is worth.

The difference from a cursory glance at this group, and the one with the 5 Aussie business leaders, is whether its fuelled by OPM or not...

Build it like the Broncos, and list it is one way to go... but needs patrons at the board level to provide wiggle room and strategy and vision to kick it along... a 30 or 40 year play rather than just next week..

cavvy · 27 Jun 2021, 11:18 (Ref:4058401)

OPM, pls explain.

My guess is those behind Skaife see the media value of Supercars as undervalued.

Casper · 27 Jun 2021, 15:26 (Ref:4058466)

Quote:

Originally Posted by cavvy

OPM, pls explain.

My guess is those behind Skaife see the media value of Supercars as undervalued.

We await their words of wisdom on that. The main problem is how the next owners position what used to be a Ford v's Holden series because it is not that any longer and needs a new direction. The Mercedes, Nissan and Volvo participation were just sideshows to the main thrust of the series.

**GTRMagic** · 28 Jun 2021, 23:57 (Ref:4058758)

Quote:

Originally Posted by cavvy

OPM, pls explain.

My guess is those behind Skaife see the media value of Supercars as undervalued.

O other
P people's
M money

There was a Danny DeVito/Kelly Preston movie of the same name...

cavvy · 29 Jun 2021, 14:37 (Ref:4058854)

More speculation from The Aus:
'The competition for Archer Capital’s V8 Supercars is gathering pace, with suitors told to lob their first round bids in a week’s time.

Indicative, non-binding offers are understood to be due on July 7 ....the expectation is that the bids are expected to come from Australian Racing Group, which is owned by Brian Boyd and John McMellan from Payce Property along with well known racing identities Garry and Barry Rogers.'

https://www.theaustralian.com.au/bus...7c5d24c34fea41

'However, some believe IMG Motorsport and World Sport, which specialises in sporting group tours, will also come to the table with attractive offers.'

one five five · 30 Jun 2021, 01:48 (Ref:4058961)

Quote:

Originally Posted by cavvy

More speculation from The Aus:
'The competition for Archer Capital’s V8 Supercars is gathering pace, with suitors told to lob their first round bids in a week’s time.

Indicative, non-binding offers are understood to be due on July 7 ....the expectation is that the bids are expected to come from Australian Racing Group, which is owned by Brian Boyd and John McMellan from Payce Property along with well known racing identities Garry and Barry Rogers.'

https://www.theaustralian.com.au/bus...7c5d24c34fea41

'However, some believe IMG Motorsport and World Sport, which specialises in sporting group tours, will also come to the table with attractive offers.'

IMG buying back something they had 25 years ago?

Tourer · 1 Jul 2021, 02:30 (Ref:4059108)

Quote:

Originally Posted by one five five

IMG buying back something they had 25 years ago?

Close - IMG didn't really "have" it for more than a couple of months at most (even if they did, would have been 20% at the time - not the greater share now available) back in the day due to the forming of SEL.

IMG DID of course have Bathurst, Indy, Sandown, New Zealand, Canberra events so was a big part of the series for a while there.

There's definitely an opportunity for a new owner to shake things up a bit and in reality, if things aren't shaken up, the future looks fairly mundane, maybe even bleak

cavvy · 1 Jul 2021, 03:52 (Ref:4059114)

'The bids differ markedly in that the Adderton group is proposing to purchase 100 per cent of Supercars for total control, while the TLA bid would just be for Archer’s majority share, leaving the teams with 35 per cent.'

https://autoaction.com.au/2021/07/01...plans-revealed

Mixer · 1 Jul 2021, 04:25 (Ref:4059115)

I think we need a dictator, death by committee is why the series has not been able to make timely decisions.

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Sandgroper · 1 Jul 2021, 04:44 (Ref:4059116)

Quote:

Originally Posted by Mixer

I think we need a dictator, death by committee is why the series has not been able to make timely decisions.

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Adderton ??

Maggo · 1 Jul 2021, 04:58 (Ref:4059117)

Quote:

Originally Posted by Mixer

I think we need a dictator, death by committee is why the series has not been able to make timely decisions.

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Agree

Mixer · 1 Jul 2021, 05:34 (Ref:4059122)

Quote:

Originally Posted by Sandgroper

Adderton ??

He is another Gore type.

Look what he did to Tander and GRM only to hire Courtney.

Ran Super touring into the ground in 2 years.

So maybe I would prefer not. But Gow knows what he is doing.

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Sandgroper · 1 Jul 2021, 06:47 (Ref:4059126)

Quote:

Originally Posted by Mixer

He is another Gore type.

Look what he did to Tander and GRM only to hire Courtney.

Ran Super touring into the ground in 2 years.

So maybe I would prefer not. But Gow knows what he is doing.

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Oh Im not suggesting him, Im just saying he wants it lock stock and barrel compared to a combined group.

cavvy · 1 Jul 2021, 08:36 (Ref:4059138)

Quote:

Originally Posted by Sandgroper

Oh Im not suggesting him, Im just saying he wants it lock stock and barrel compared to a combined group.

Do the teams want to sell?
All of them?

one five five · 1 Jul 2021, 08:44 (Ref:4059140)

One assumes if the five-person bid gets up , then Kelvin O’Reilly will be brought in to replace Mr Seamer?

Quote:

Originally Posted by Mixer

Ran Super touring into the ground in 2 years

2 years, really?

Mixer · 1 Jul 2021, 11:55 (Ref:4059156)

Quote:

Originally Posted by one five five

2 years, really?

You think it was shorter?

It really only ran from 1995 to I guess 1999, after that it was just exhibition race for Paul Morris.

Certainly 95-97 was the heyday with multiple manufacturers and star drivers.

98 was the beginning of the end.

one five five · 1 Jul 2021, 19:33 (Ref:4059245)

Quote:

Originally Posted by Tourer

Close - IMG didn't really "have" it for more than a couple of months at most (even if they did, would have been 20% at the time - not the greater share now available) back in the day due to the forming of SEL.
.

Yes that’s right about the 20-odd percent, 22.5 from memory.

SEL bought/took over IMG’s share of AVESCO at the end of 1997

Quote:

Originally Posted by Mixer

You think it was shorter?

It really only ran from 1995 to I guess 1999, after that it was just exhibition race for Paul Morris.

Certainly 95-97 was the heyday with multiple manufacturers and star drivers.

98 was the beginning of the end.

It ran from 1995 to 2001 under TOCA governance, and had multiple manufacturers backing it until the end of 1999.

More than two years, and the formula died worldwide, hardly the doing of Mr Adderton

Mixer · 2 Jul 2021, 00:02 (Ref:4059268)

Quote:

Originally Posted by one five five

More than two years, and the formula died worldwide, hardly the doing of Mr Adderton

Yet the teams & management behind Supercars seem to have evolved the ability to survive category regulations coming and going...

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Casper · 2 Jul 2021, 01:04 (Ref:4059271)

I wonder about all the supposed interest in the series now being touted through the press. They have to buy and maintain the series so that it is viable for the teams and attract me and you as a fan for a long enough period to get a decent ROI. There is a big changing world out there in motordom and Australia is being isolated from it due to current political policies and the cars that the world has traditionally raced are disappearing along with the drive trains that those cars used. Call me sceptical but I just don't see it as a good business investment but I hope I am proven wrong. I have the feeling that the next owners will be the last and they will ride it into the ground so to speak. Would you put serious money into Supercars as a serious business venture?

one five five · 2 Jul 2021, 06:34 (Ref:4059292)

Quote:

Originally Posted by Mixer

Yet the teams & management behind Supercars seem to have evolved the ability to survive category regulations coming and going...

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If the “Super Touring” formula didn’t exist anymore, what “Super Tourers” did you expect them to race?

You already complain about ‘old’ TCR cars still racing….all that’s coming through is you seem to have a vendetta against Mr Adderton and this is clouding your view

Mixer · 2 Jul 2021, 06:46 (Ref:4059294)

I don't need to have a vendetta. The guy is a big talking, self promoting blowhard and is massively unstable, and has already damaged drivers, teams and the series with his antics.

Why anybody would consider him a fitting owner is beyond me.

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one five five · 2 Jul 2021, 08:56 (Ref:4059310)

Quote:

Originally Posted by Mixer

I don't need to have a vendetta. The guy is a big talking, self promoting blowhard and is massively unstable, and has already damaged drivers, teams and the series with his antics.

Why anybody would consider him a fitting owner is beyond me.

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Boost Mobile seems to be a little successful. That doesn’t show he’s a fitting business owner?

Who has he damaged with his antics?

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