Home Mobile Forum News Cookbook FaceBook Us T-Shirts etc.: Europe/Worldwide. eBay Motorsport Links Advertising  
Site Partners: SpotterGuides Veloce Books  
Related Sites: Your Link Here  

Go Back   TenTenths Motorsport Forum > Saloon & Sportscar Racing > Australasian Touring Cars.


Reply
 
Thread Tools Display Modes
Old 21 Apr 2020, 00:28 (Ref:3971946)   #1
Kingair
Veteran
 
Join Date: Oct 2008
Posts: 737
Kingair should be qualifying in the top 10 on the gridKingair should be qualifying in the top 10 on the grid
Virgin Australia in Administration

Supercars sponsor has just gone into administration, announcement on the ASX.

Interesting to see what happens with sponsorship dollars for the rest of the season.
Kingair is offline  
Quote
Old 21 Apr 2020, 02:10 (Ref:3971964)   #2
Jack65
Racer
 
Join Date: Mar 2016
Posts: 138
Jack65 should be qualifying in the top 10 on the grid
Dead and buried. Even though there is a contract, the administrator has the power to decide which will and won't be honoured. Will add to costs too with teams having to pay for their flights which I believe was contra.
Jack65 is offline  
Quote
Old 21 Apr 2020, 02:41 (Ref:3971968)   #3
Armco Bender
Llama Assassin and Sheep Botherer
Veteran
 
Armco Bender's Avatar
 
Join Date: Sep 2002
New Zealand
International Sheep Ambassador
Posts: 4,192
Armco Bender is going for a new world record!Armco Bender is going for a new world record!Armco Bender is going for a new world record!Armco Bender is going for a new world record!Armco Bender is going for a new world record!Armco Bender is going for a new world record!Armco Bender is going for a new world record!
Virgin has been going down the gurgler for ages,the sponsorship cant have involved much ca$h...they didn't have any to spare.
Armco Bender is online now  
Quote
Old 21 Apr 2020, 04:26 (Ref:3971974)   #4
D.R.T.
Veteran
 
D.R.T.'s Avatar
 
Join Date: Jun 2001
Location:
Sydeny
Posts: 8,962
D.R.T. should be qualifying in the top 5 on the gridD.R.T. should be qualifying in the top 5 on the grid
Quote:
Originally Posted by Armco Bender View Post
Virgin has been going down the gurgler for ages,the sponsorship cant have involved much ca$h...they didn't have any to spare.
But didnt VASC trumpet the partnership as highly lucrative and representative of their strong value to the corporate world?
D.R.T. is offline  
__________________
Upon entry into the Bathurst 1000, it should be mandatory to view the compelling "Moffat - Man and the Mountain" film
Quote
Old 21 Apr 2020, 05:18 (Ref:3971977)   #5
Jack65
Racer
 
Join Date: Mar 2016
Posts: 138
Jack65 should be qualifying in the top 10 on the grid
Quote:
Originally Posted by Armco Bender View Post
Virgin has been going down the gurgler for ages,the sponsorship cant have involved much ca$h...they didn't have any to spare.
Speedcafe is reporting it was a $1.5 million contra deal. Some large frequent flyer points balances and a few VIP lounge memberships may have just become worthless.
Quote:
Originally Posted by D.R.T. View Post
But didnt VASC trumpet the partnership as highly lucrative and representative of their strong value to the corporate world?
All relative, it had been many years since the series had a naming rights sponsor, so anything was better than nothing.
Jack65 is offline  
Quote
Old 21 Apr 2020, 09:26 (Ref:3972002)   #6
blaarg
Racer
 
Join Date: Jun 2003
Posts: 295
blaarg should be qualifying in the top 10 on the grid
Quote:
Originally Posted by D.R.T. View Post
But didnt VASC trumpet the partnership as highly lucrative and representative of their strong value to the corporate world?
Yes, it was a lucrative deal for head office, flying themselves around the country can get awfully expensive! I don't know if anyone can really say how the deal contributed to the overall health of the sport.
blaarg is offline  
Quote
Old 21 Apr 2020, 10:56 (Ref:3972019)   #7
Tourer
Veteran
 
Tourer's Avatar
 
Join Date: Aug 2003
Australia
Sideways
Posts: 3,149
Tourer has a real shot at the podium!Tourer has a real shot at the podium!Tourer has a real shot at the podium!Tourer has a real shot at the podium!
Quote:
Originally Posted by blaarg View Post
Yes, it was a lucrative deal for head office, flying themselves around the country can get awfully expensive! I don't know if anyone can really say how the deal contributed to the overall health of the sport.
You do know that the teams fly themselves around as well don't you? those costs can be significant when multiplied by number of team personnel and number of races.

If the suggestion that it was a contra deal is correct, it would have saved teams a lot of money to spend on other things or to keep budgets workable - either way good for the health of the sport.
Tourer is offline  
__________________
“We’re far from having too much horsepower…[m]y definition of too much horsepower is when all four wheels are spinning in every gear.” ― Mark Donohue
Quote
Old 21 Apr 2020, 12:36 (Ref:3972034)   #8
blaarg
Racer
 
Join Date: Jun 2003
Posts: 295
blaarg should be qualifying in the top 10 on the grid
Quote:
Originally Posted by Tourer View Post
You do know that the teams fly themselves around as well don't you? those costs can be significant when multiplied by number of team personnel and number of races.

If the suggestion that it was a contra deal is correct, it would have saved teams a lot of money to spend on other things or to keep budgets workable - either way good for the health of the sport.
Well, it's being reported that the teams benefited (contra) to the tune of 35k per car, per annum plus discounted flights and other bits and pieces.

How long do you feel 35k might last? (or 70k for a two car operation?)
blaarg is offline  
Quote
Old 21 Apr 2020, 13:40 (Ref:3972046)   #9
Jack65
Racer
 
Join Date: Mar 2016
Posts: 138
Jack65 should be qualifying in the top 10 on the grid
Quote:
Originally Posted by blaarg View Post
How long do you feel 35k might last? (or 70k for a two car operation?)
Had the 2020 season progressed as planned, teams would have had 11 or 12 interstate races. So divide that by $35k and comes out at $3k per meeting, probably a fair bit short of what it actually costs to fly a team.
Jack65 is offline  
Quote
Old 22 Apr 2020, 00:04 (Ref:3972131)   #10
GTRMagic
Race Official
1% Club
 
GTRMagic's Avatar
 
Join Date: Dec 2002
Australia
Sell me this pen....
Posts: 45,392
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!
Orgasms for all the VASC series haters.
The sky is falling!!!
GTRMagic is offline  
__________________
It’s only cheating if you get caught
And even then, the finest silks in the land can create enough doubt to get you leniency
Quote
Old 22 Apr 2020, 03:38 (Ref:3972140)   #11
D.R.T.
Veteran
 
D.R.T.'s Avatar
 
Join Date: Jun 2001
Location:
Sydeny
Posts: 8,962
D.R.T. should be qualifying in the top 5 on the gridD.R.T. should be qualifying in the top 5 on the grid
Quote:
Originally Posted by GTRMagic View Post
Orgasms for all the VASC series haters.
The sky is falling!!!
Understand you want to keep your head in the sand but how is the below situation not worthy of discussion?

- Main manufacturer gone
- No long term television deal in place
- The calendar a mess with government restrictions
- No event revenue because of no events
- Teams not making any money either
- Team budgets screaming for cost containment anyway
- Series sponsor in administration

Your first reaction might to be deflect and ignore GTR but those without blinkers can have a mature discussion around the current situation
D.R.T. is offline  
__________________
Upon entry into the Bathurst 1000, it should be mandatory to view the compelling "Moffat - Man and the Mountain" film
Quote
Old 22 Apr 2020, 03:50 (Ref:3972142)   #12
rich07
Veteran
 
rich07's Avatar
 
Join Date: Feb 2005
Australia
Victoria
Posts: 8,579
rich07 has a real shot at the podium!rich07 has a real shot at the podium!rich07 has a real shot at the podium!rich07 has a real shot at the podium!
Quote:
Originally Posted by GTRMagic View Post
Orgasms for all the VASC series haters.
The sky is falling!!!

The sky is falling albeit slowly.

The only upside to the events of the last few months is that it might push the series to change and adapt so that the series can have a healthy long term future. But if the series can’t change when needed (and that change is a good five years overdue)don’t expect fans like us to pat them on the back and say everything is fine. Because everything is not fine.

Just because we don’t drink the Supercars Kool-Aid doesn’t mean we are haters.
rich07 is online now  
__________________
Somebody asked if the McLaren F1 was going to be like the Ferrari F40, Gordon Murray replied, "I don't think so, there's no one at McLaren who can weld that badly."
Quote
Old 22 Apr 2020, 06:17 (Ref:3972150)   #13
Langers
Veteran
 
Join Date: Oct 2000
Location:
Sydney, NSW, Australia
Posts: 653
Langers should be qualifying in the top 10 on the grid
Quote:
Originally Posted by blaarg View Post
Well, it's being reported that the teams benefited (contra) to the tune of 35k per car, per annum plus discounted flights and other bits and pieces.

How long do you feel 35k might last? (or 70k for a two car operation?)
Pays a mechanic’s salary in a 2 car team.
Langers is offline  
Quote
Old 22 Apr 2020, 08:51 (Ref:3972177)   #14
Tourer
Veteran
 
Tourer's Avatar
 
Join Date: Aug 2003
Australia
Sideways
Posts: 3,149
Tourer has a real shot at the podium!Tourer has a real shot at the podium!Tourer has a real shot at the podium!Tourer has a real shot at the podium!
Quote:
Originally Posted by blaarg View Post
Well, it's being reported that the teams benefited (contra) to the tune of 35k per car, per annum plus discounted flights and other bits and pieces.

How long do you feel 35k might last? (or 70k for a two car operation?)
Lasts long enough to assist with the costs of running the team. Plus part of the deal is heavily reduced airfares on top of the direct contra - all adds up and provides a benefit to the series overall, which is the question that was put.
Tourer is offline  
__________________
“We’re far from having too much horsepower…[m]y definition of too much horsepower is when all four wheels are spinning in every gear.” ― Mark Donohue
Quote
Old 22 Apr 2020, 08:53 (Ref:3972178)   #15
Jack65
Racer
 
Join Date: Mar 2016
Posts: 138
Jack65 should be qualifying in the top 10 on the grid
Quote:
Originally Posted by GTRMagic View Post
Orgasms for all the VASC series haters.
The sky is falling!!!
Bit melodramatic, don't think it's going to fall over tomorrow, but naive to suggest there weren't serious problems pre COVID-19.
Jack65 is offline  
Quote
Reply

Bookmarks




Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
2018 Virgin Australia Supercar Championship Calendar GTRMagic Australasian Touring Cars. 58 3 Nov 2017 07:49
2017 Virgin Australia Supercar Champion (With POLL) GTRMagic Australasian Touring Cars. 29 9 Mar 2017 04:04
2017 Virgin Australia Supercars Championship Calendar GTRMagic Australasian Touring Cars. 24 17 Oct 2016 11:46
Naming Rights Sponsor - Virgin Australia Supercars Championship anthony81901 Australasian Touring Cars. 51 3 May 2016 10:26


Powered by vBadvanced CMPS v3.2.3

All times are GMT. The time now is 05:54.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Original Website Copyright © 1998-2003 Craig Antil. All Rights Reserved.
Ten-Tenths Motorsport Forums Copyright © 2004-2018 Royalridge Computing. All Rights Reserved.