Supercars: the new owners

[cavvy]

Now Brian Boyd allegedly wants out - I for one have had trouble ascertaining where he sat in the whole transaction

https://www.speedcafe.com/2022/08/03...r-selling-out/


I keep looking out for the financier behind the Nettleford camp Bruin Capital.

https://www.sportspromedia.com/news/...ort-interview/

[Mixer]

Originally Posted by cavvy

Now Brian Boyd allegedly wants out - I for one have had trouble ascertaining where he sat in the whole transaction

PAYCE is a property developer and that sector at the moment is in crisis with massive delays and cost increases, and a number of players going to the wall.

I'd suggest Mr Boyd just needs cash for his business. The interesting thing is who will take up this ownership.

To be honest Boyd (PAYCE) and John Mclellan (Wilson Security) were the big money behind ARG and pretty much during the pandemic the music stopped, Mclellan exited (with the Rogers taking up his shares) and the underwriting of category entries and broadcast agreements stopped totally.

So perhaps we shouldn't be that surprised about Boyd wanting out when he has other things he needs his money for.

[cavvy]

Originally Posted by Mixer

PAYCE is a property developer and that sector at the moment is in crisis with massive delays and cost increases, and a number of players going to the wall.

I'd suggest Mr Boyd just needs cash for his business. The interesting thing is who will take up this ownership.

To be honest Boyd (PAYCE) and John Mclellan (Wilson Security) were the big money behind ARG and pretty much during the pandemic the music stopped, Mclellan exited (with the Rogers taking up his shares) and the underwriting of category entries and broadcast agreements stopped totally.

So perhaps we shouldn't be that surprised about Boyd wanting out when he has other things he needs his money for.

You make a lot of sense of it.

[Mixer]

Originally Posted by cavvy

You make a lot of sense of it.

****, we can't have that kind of thing around here can we!

I'm peripherally involved in property development and anybody with exposure to that segment is shitting bricks.

It's a time where a developer would want to re-capitalise and take advantage of the weakness of competitors.

At the end of the day this sport involves big money and the people with that money often face risks. I'd expect GT racing to be significantly affected by this.

https://www.v8sleuth.com.au/supercar...uNVeb2QmDcHa8s

So despite Sleuth reporting Barry Rogers comments which were wrong:

ARG itself owns no shares in RACE
Barry and Garry Rogers and Brian Boyd held shares in RACE separately to their ARG holding.
Brian Boyd has sold his to Henslow, and it is thought to be 15% share in the RACE business.

[Mr X]

Originally Posted by Denosaur

I think the old "Confederation Against Motor Sport" has something to do with this....you can change the name, but can't change the attitude.

It was CAMS of old in WA last month, with reports the boss put considerable effort into stopping 12 amateurs enjoying their TA2 cars in a series over the last couple of weekends. Stories suggest that any mention of TA2 or TransAm would have the approved race permits for Wanneroo and Collie withdrawn at the last minute, despite them already being approved. Permits mentioned 3TA log booked cars being raced in their own West Coast series.

Series went ahead under the cone of silence.

[Denosaur]

Originally Posted by Mr X

It was CAMS of old in WA last month, with reports the boss put considerable effort into stopping 12 amateurs enjoying their TA2 cars in a series over the last couple of weekends. Stories suggest that any mention of TA2 or TransAm would have the approved race permits for Wanneroo and Collie withdrawn at the last minute, despite them already being approved. Permits mentioned 3TA log booked cars being raced in their own West Coast series.

Series went ahead under the cone of silence.

Totally not surprised by this story.
They're like those lawyers in The Simpson that close down the kids lemonade stand....

[Denosaur]

Originally Posted by Casper

No, it is a generational change from when we as kids enjoyed mucking around with cars in a totally different way to our children and I think it would make a good study as to why that change happened because no one seems to have looked at it seriously. Karting was not the kindergarten of motor sport then as it is today, nearly all the talent came out of car clubs. Maybe it happened because we enjoyed driving totally unfettered by legislation that clamps down on drivers of today.

CAMS/MA have been on a mission to stamp out anything which pretty much doesn't get covered by a FIA sticker, badge, or set of rules. You should have seen how hard it was for them to work with Champcar/Indycar back in the day at Surfers Paradise.

There's been no change, the same attitude is passed down from one generation to other and anyone who dare's question anything is shunned. And for what, to protect the brand? In the name of safety? Hell no, it's about protecting their jobs (for those employed) whilst on the volunteer side it's knives out on anyone who dare. They were pushed to consider trackside safety for everyone, whilst you could see this coming in with Supercars, it took them a long time to come around. Even still, have they improved it enough for those outside the vehicles? Hell no!! The solution is to cancel a category because a wheel came off and hit a trackside structure. I've seen my share of wheels come off, along with prop shafts and the like. But do you see those categories cancelled for it? No you don't, because they carry that FIA seal of approval.

Motorsport will always be an old boys club in this country, under anything that is run my MA/CAMS, period!

[cavvy]

Changes in the ownership clarified by Speedcafe, & I acknowledging reporting on this issue has not always been accurate (more generally), so refer to the detail in the quoted article:
https://www.speedcafe.com/2022/11/24...olding-in-arg/

'The change of shareholdings took place on October 28, the same day when James Boyd ceased his role as a Director of what is officially Australian Racing Group Holdings Pty Limited.

Rogers, McMellan, and James Warburton, the latter of whom retains a five percent share, are the three current directors.'