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Old 28 Jun 2019, 09:19 (Ref:3914572)   #16
Compromised
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Compromised should be qualifying in the top 10 on the grid
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Originally Posted by mayhem View Post
How is the team selling all the Holden bits and bobs only breaking even?
The bits and bobs are (in some cases) made by the "customers"...
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Old 28 Jun 2019, 11:54 (Ref:3914591)   #17
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Forda should be qualifying in the top 10 on the grid
Race teams aren't supposed to be "profitable" per se; rather their expenditure should match, or be less than, their incoming sponsorship income per annum.

888 are different in that they act as the official "factory" supplier of components and parts. The income from that, less the applicable expenditure, should be for keeps.
As should be any merchandise profits.

That the whole thing is sinking into the red is a worry, particularly given the above, plus the recent sale of the state-of-art transporter; as well as a chunk of equity in the operation, and a former race-winning chassis as well.

Sceptics might well ask: "where has all the money gone?".
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Old 28 Jun 2019, 12:36 (Ref:3914594)   #18
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Or maybe someone is talking down the series financially so the price is better for them and their mates come buyout time? (Shrugs)
Given that Archer Capital has opened a 6th investment fund, the first new issue since 2011, they dont seem to be showing signs of wanting to dump & run..
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Old 28 Jun 2019, 12:39 (Ref:3914596)   #19
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Speedy400 should be qualifying in the top 10 on the grid
Reckon Rich07 is on the money
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Old 29 Jun 2019, 00:48 (Ref:3914699)   #20
UncleMurphy
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Originally Posted by Forda View Post

That the whole thing is sinking into the red is a worry, particularly given the above, plus the recent sale of the state-of-art transporter; as well as a chunk of equity in the operation, and a former race-winning chassis as well.

Sceptics might well ask: "where has all the money gone?".

They still use their state-of-art transporter for their Super 2 team. Only reason it's not used in the main game is that it does not have enough usable storage space (the upper level lounge/briefing room).
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Old 29 Jun 2019, 14:12 (Ref:3914770)   #21
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Race teams aren't supposed to be "profitable" per se; rather their expenditure should match, or be less than, their incoming sponsorship income per annum.
Whether it is by being on a salary or taking a dividend, team owners need to be taking something out of the business. Sure they probably need to have a reasonably sized asset base to enter the series in the first place, but it isn't a bottomless pit for most and losses can't be sustained forever.
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Old 1 Jul 2019, 17:59 (Ref:3915372)   #22
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TWRv12 should be qualifying in the top 10 on the gridTWRv12 should be qualifying in the top 10 on the grid
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Race teams aren't supposed to be "profitable" per se; rather their expenditure should match, or be less than, their incoming sponsorship income per annum.

".

Usually it should break even, or at worst the business model supporting the team should.

This was the main reason Larko sold up.

Surely if they are all hurting, they would vote thru cost saving measures.
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Old 2 Jul 2019, 04:36 (Ref:3915444)   #23
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chavez should be qualifying in the top 5 on the gridchavez should be qualifying in the top 5 on the gridchavez should be qualifying in the top 5 on the grid
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Originally Posted by TWRv12 View Post

Surely if they are all hurting, they would vote thru cost saving measures.
I've always thought that the top teams, not just in Supercars, but other series too, always believe that they will find the necessary funding, and therefore are reluctant to adopt any kind of cost saving measure which my even up the spend across the field.
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Old 2 Jul 2019, 05:17 (Ref:3915446)   #24
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Every business owner will never say there business is profitable.

I donít!
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Old 2 Jul 2019, 16:33 (Ref:3915508)   #25
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Casper should be qualifying in the top 10 on the gridCasper should be qualifying in the top 10 on the grid
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Every business owner will never say there business is profitable.

I donít!
I once said to my accountant if I make a profit you are fired.
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Old 2 Jul 2019, 23:45 (Ref:3915575)   #26
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Mixer should be qualifying in the top 3 on the gridMixer should be qualifying in the top 3 on the gridMixer should be qualifying in the top 3 on the gridMixer should be qualifying in the top 3 on the grid
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I once said to my accountant if I make a profit you are fired.
..until you want to go borrow money
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Old 3 Jul 2019, 09:27 (Ref:3915620)   #27
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Casper should be qualifying in the top 10 on the gridCasper should be qualifying in the top 10 on the grid
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..until you want to go borrow money
I don't borrow money.
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Old 3 Jul 2019, 10:21 (Ref:3915633)   #28
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Gaz170 should be qualifying in the top 5 on the gridGaz170 should be qualifying in the top 5 on the gridGaz170 should be qualifying in the top 5 on the grid
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Originally Posted by mayhem View Post
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.
Sounds like 888 Engineering is making money, but Red Bull Racing Australia isn't.
Shareholders are still doing ok, but there must be concern.
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Old 21 Jul 2019, 05:28 (Ref:3918690)   #29
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cavvy should be qualifying in the top 10 on the grid
Has PD sold his interest, unlikely to hold unless he gets a return.

Where did Whincups interest come from?
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Old 22 Jul 2019, 07:53 (Ref:3918790)   #30
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Where did Whincups interest come from?
Roland, IIRC he now has a tad over 50%.
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