Archer Capital Gone

[Alan52]

Like people said statistics can be manipulated to say anything.The best indication that the networks must be happy with figures is that Foxtel signed up for a new 5 year contract at around the previous amount at a time they were slashing and burning a lot of their rights deals because the numbers didn’t add up.Also that 7 are rumoured to be part of the ARG deal to buy the category.
I say this as someone who gave up watching Supercars on tv years back-and I have Foxtel- because I find the Skaife/Crompton old mates commentary unwatchable.

[Backagain]

Originally Posted by Alan52

Also that 7 are rumoured to be part of the ARG deal to buy the category.

That's a very scary thought, Seamer and Warburton both involved, the end is near.

[Tourer]

Originally Posted by Backagain

That's a very scary thought, Seamer and Warburton both involved, the end is near.

Don't forget Mr Braid - that might just add up to the unholy trinity - lots of egos at play!

[cavvy]

Originally Posted by Backagain

That's a very scary thought, Seamer and Warburton both involved, the end is near.

Warburton has done a great job at 7 to date. Cant see them being involved directly.

Down to 4 so The Aus reported:
https://www.theaustralian.com.au/bus...87fcfefd58411d

or there is Auto Action
https://autoaction.com.au/2021/07/19...-for-supercars

[Umai Naa]

Originally Posted by cavvy

Warburton has done a great job at 7 to date.

Has he though?

Seems as though people working under him are playing fast and loose with the so-called ethics the network stands for.

[S griffin]

Each to their own. For some it's about getting results, even if the way they do it is not to be desired

[cavvy]

Originally Posted by S griffin

Each to their own. For some it's about getting results, even if the way they do it is not to be desired

Warburton was appointed by Stokes & effectively works for him. The FTA industry is reshaping to survive, its not the 1990s.

[one five five]

Laughable that IMG and Ch7 are said to be involved in different bids.

One could have owned it if they wanted for a song, one started the current system and got out low…

Originally Posted by banksie

Yes, very reputable. Richard Craill has been analysing the TV ratings for motorsport for sometime. The figures used are the official oztam numbers.

I assume you didn't read the article. The article includes comments such as Race 15 saw channel 7 more than double the ratings compared to 10's coverage last year.

I did read the article

Stats can be shaped however you like them. The author commentates on Supercars Media produced telecasts.

[cavvy]

Originally Posted by one five five

Laughable that IMG and Ch7 are said to be involved in different bids.

One could have owned it if they wanted for a song, one started the current system and got out low…

Only the names remain the same.

[cavvy]

Adderton bid confirmed as OUT of the running:
https://www.theaustralian.com.au/bus...0defe6020fe0a3

[2 litre Touring Car Star]

It's just as well for Adderton. I was listening to him being interviewed on the radio this morning. It's the first time I can remember listening to him directly.

He came across nowhere near as offensive as how I've read quotes from him in articles in the past. He comes across pretty well, and I wouldn't begrudge him any success or good aspiration.

But he's better off missing out on owning supercars as his view is inherently flawed.

His view of the teams not having a good business model and that no good business would invest in a team is flawed because race teams are not a business. They're racing teams. They might have an ABN and be subject to business laws and workplace agreements. But they're not genuine businesses.

Teams have to survive on their own without help. That's a part of the 'racing jungle". The point of racing is winning (And the glory from that), and ideally would come at so much of a cost that eventual mediocrity becomes inevitable. At which point other teams could create the opportunity to win.

If he has a wonderful plan to increase the revenue to teams and capital of the rear-end teams, then the reality wouldn't have hit him until it's too late, when his idea fails.

All his idea would do is increase the overall cost of competing in the series and particularly running at the back. It's what's occurred in the series since Cochrane joined.

Adderton, for all his enthusiasm, hasn't yet understood that the ATCC (supercars) should effectively be a top-tier Improved Production. A class where you can spend your way to success but becoming a bit lame/embarrassing if you continue to do so. Despite the weakness of Improved Production, the strength is that it's the least expensive class to enter (You can take your time and work your way up to competitiveness).

[Casper]

Originally Posted by cavvy

Adderton bid confirmed as OUT of the running:
https://www.theaustralian.com.au/bus...0defe6020fe0a3

Can't be read unless I put money in Murdoch's pocket and that isn't going to happen. There does not appear to be any other sources for confirmation yet.

[Mixer]

Originally Posted by 2 litre Touring Car Star

Adderton, for all his enthusiasm, hasn't yet understood that the ATCC (supercars) should effectively be a top-tier Improved Production. A class where you can spend your way to success but becoming a bit lame/embarrassing if you continue to do so. Despite the weakness of Improved Production, the strength is that it's the least expensive class to enter (You can take your time and work your way up to competitiveness).

This is the last that is right now in the throes of allowing NASCAR blocks, and there is already so much difference between the haves and the have nots, it is literally an example of death by a thousand paper cuts.

From a class that was intended to be lightly modified road vehicles driven to the track... To perhaps half Supercar level spending, and allowing NASCAR engine blocks.

I love watching it, I love the variety of cars, but most of them are just there to make up the numbers.

[Mr X]

Originally Posted by Mixer

This is the last that is right now in the throes of allowing NASCAR blocks, and there is already so much difference between the haves and the have nots, it is literally an example of death by a thousand paper cuts.

From a class that was intended to be lightly modified road vehicles driven to the track... To perhaps half Supercar level spending, and allowing NASCAR engine blocks.

I love watching it, I love the variety of cars, but most of them are just there to make up the numbers.

What NASCAR blocks are allowed in 3J? There is 3 Chev Performance blocks listed, were they used in NASCAR 15+ years ago?

If you want to drive the track and race then Production Cars is the go, IPC sits between PC and Sports Sedans.

If you have talent behind the wheel and the spanners then you can beat most of the big dollar cars regularly with a modest budget. The class has been dominated over the last 10 years by someone that has talent in and around the car plus a good budget, so the team deserves respect for how they work together in and outside the car. (not just because of the engine block they used)

[cavvy]

Originally Posted by Casper

Can't be read unless I put money in Murdoch's pocket and that isn't going to happen. There does not appear to be any other sources for confirmation yet.

Interesting timing by Mr Grove & the Kellys:
https://www.supercars.com/news/champ...ake-to-groves/

[cavvy]

https://www.speedcafe.com/2021/08/08...rrows-further/

Multiple sources have indicated that the pursuit of acquiring Archer Capital’s majority share in Supercars is now an out-and-out two-horse race between the Australian Racing Group and the Mark Skaife/TLA Worldwide partnership.

[Casper]

Adderton & Doohan in the same group....that will be interesting, I wonder if they will sell tickets?

[Mixer]

Adderton, Morris, Doohan, Gow

Too many cooks?

Sent from my SM-G975F using Tapatalk

[Casper]

In the end the press can write what they like but if the money side of the equation does not stack up then the price comes down or the deal falls over. I just can't see how it is a 60 million dollar deal with the future of motor sport being as unpredictable as it is. Marke Skaife is definitely out of his league and I would have thought his past experiences would have taught him that.

[Alan52]

Originally Posted by Casper

In the end the press can write what they like but if the money side of the equation does not stack up then the price comes down or the deal falls over. I just can't see how it is a 60 million dollar deal with the future of motor sport being as unpredictable as it is. Marke Skaife is definitely out of his league and I would have thought his past experiences would have taught him that.

He’s playing with other peoples money.Surely he is just a front man not the brains.Then again if you look into the sports marketing company he is associated with they have never actually organised a sports event.Corporate hospitality and pretend beaches at the cricket hardly count.
Interesting today on Speedcafe it is noted that Murdoch is putting in a late bid.I earlier thought 7 money might be behind the ARG bid so it might be heading to battle of the tv networks.
Either way if someone is paying $60mill for 65% that is definitely overs.

[cavvy]

Originally Posted by Casper

In the end the press can write what they like but if the money side of the equation does not stack up then the price comes down or the deal falls over. I just can't see how it is a 60 million dollar deal with the future of motor sport being as unpredictable as it is. Marke Skaife is definitely out of his league and I would have thought his past experiences would have taught him that.

Craig Kelly is the business grunt (TLA).

[Landcruiser Driver]

Interesting twist, maybe Adderton and Co not out of the running yet.

BRONCOS LINKED TO ADDERTON SUPERCARS BID

https://autoaction.com.au/2021/08/10...-supercars-bid

The Brisbane Broncos rugby league team is being linked with a rebooted bid by the ‘Adderton’ consortium to buy Supercars.

The consortium, which includes the Boost Mobile boss Peter Adderton, motorcycle racing hero Mick Doohan, Bathurst 1000 winner Paul Morris, BTCC supremo Alan Gow and Supercars REC holder Peter Smith, appeared to be out of the running as recently as mid-July.

But that ‘withdrawal’ is now being characterised as either an impetuous unilateral action by Adderton that’s since been countermanded by his colleagues or one of his typically brazen bluffs.

The consortium is understood to be in there pitching against the Skaife/TLA and Australian Racing Group to acquire at least Archer Capital’s majority stake (a little over 60 percent) in Supercars racing.

The Adderton consortium had stood out from other bidders originally because it wanted to buy out the teams (who own 35 percent) as well, and not just Archer.

It is understood Archer boss Peter Wiggs is pressing for the sale process to be wrapped up within weeks, perhaps in September and certainly well before the rescheduled Bathurst 1000 in November.

As previously reported by AUTO ACTION, a $60 million price tag is understood to have been put on the Archer share. The sale is being brokered by Miles Advisory, the business headed by former (Triple 8 & Tasman Motorsport) Supercars team owner Tim Miles.

The unusual ploy to woo in the Broncos is apparently being made to bolster the sports marketing credibility of the Adderton bid.

It’s also potentially significant that the Broncos are majority-owned by media giant News Corp, which also has a controlling stake in the primary broadcaster of Supercars, Fox Sports.

Intriguingly, Seven boss James Warburton is a Supercars shareholder, and also an ARG non-executive director.

AA understands the connection between the consortium and one of the most famous rugby league clubs on the planet has been facilitated by Paul Morris’ father Terry.

Terry Morris has a long-standing friendship and business relationship with Karl Morris (no relation), who is chairman of the Broncos.

It is understood the Broncos are yet to commit to being involved in the Supercars bid. Terry Morris also has no official involvement.

But he was a co-owner along with Adderton and Terry Morris in Australian Super Touring racing in the 1990s when it made a brief and ultimately failed bid to topple the dominance of Supercars in Australian racing.

He also backed his son’s venture in Supercars racing and team ownership.

Just how much impetus the involvement of the Broncos would give this bid is unclear. Some AA sources say it is out of the running, others that they are the front-runner or close to it.

AA is attempting to gain comment from the Broncos and will provide any updates at autoaction.com.au if successful.

Meanwhile, the Skaife/TLA and ARG bids continue to press their case.

A variety of sources insist these two groups have the inside running to get the nod from Archer, which is keen to close the capital fund in which Supercars is retained by selling off the business.

Other mooted contenders; IMG, the France family, and the Peregrine Group are all thought to be out of the process.

Initial bids have been made and prospective Supercars buyers are now conducting due diligence in a ‘data room’. The next step expected within weeks is final bids.

Archer gets the job of plucking its favoured bids, understood to be as few as two. From there Supercars team owners then get the right to select a favourite.

The teams have significant power in this process via what are called tag-along rights.

It is understood the team owners are currently in a watching brief with T8 boss Roland Dane acting as their pointman. They will become more heavily involved as the process progresses into final bids.

[cavvy]

Originally Posted by Alan52

He’s playing with other peoples money.Surely he is just a front man not the brains.Then again if you look into the sports marketing company he is associated with they have never actually organised a sports event.Corporate hospitality and pretend beaches at the cricket hardly count.
Interesting today on Speedcafe it is noted that Murdoch is putting in a late bid.I earlier thought 7 money might be behind the ARG bid so it might be heading to battle of the tv networks.
Either way if someone is paying $60mill for 65% that is definitely overs.

Here is a link from late June that might assist:
https://au.motorsport.com/v8supercar...t-bid/6622893/

[Casper]

I can see a media company buying it for the content and no other reason. The others are dreaming because no one would finance $60 million for all of it let alone a majority share. The lower the price goes the less equity the teams have to play with also which is a kick in the teeth for them. It is one thing to run a business and entirely another to finance a buy in and then use the cashflow to service the finance that got you there. I simply don't think the series can support that sort of financing but I am happy to be proven wrong. There is also the return to those who are the principles, they aren't doing something like this for nothing. If it goes to a media company then n one of the above applies, the return is from the content and how it is used.

[cavvy]

Originally Posted by Casper

I can see a media company buying it for the content and no other reason. The others are dreaming because no one would finance $60 million for all of it let alone a majority share. The lower the price goes the less equity the teams have to play with also which is a kick in the teeth for them. It is one thing to run a business and entirely another to finance a buy in and then use the cashflow to service the finance that got you there. I simply don't think the series can support that sort of financing but I am happy to be proven wrong. There is also the return to those who are the principles, they aren't doing something like this for nothing. If it goes to a media company then n one of the above applies, the return is from the content and how it is used.

Expensive way to get content, with so much uncertainty.