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#51 | ||
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Join Date: May 2007
Posts: 3,211
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Quote:
As for the current parity hoopla you can't run a 4 valve motor against a two valve motor and expect anything else than the problems it has created, again it is something I said that would not work, Mercedes and Nissan proved that. The blind leading the blind seems to be an apt description of the whole debacle. Off topic but I may as well get both topics out of the way in one post as I don't come here much these days. |
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#52 | ||
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Join Date: Dec 2002
Posts: 47,102
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Go woke, Go broke… Here’s hoping a random universe works out in your favour… The meaning of life… ENJOYING THE PASSAGE OF TIME! #CANCERSUCKS ![]() |
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#53 | ||
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Article is VERY concerning!
That the business is called out as not being a going concern without the injection of further capital, and the agreement of various lenders and debt holders.. makes it complex in team land to rely on income from this mother ship when it is clearly not assured, as described in the article. Plus there is how many million in spend on wind tunnels and transient dynos that won’t turn a single dollar in income. Funny they could have to HPD in the US and these tools are all laid out. But it seems Mr Skaife and Mr Nettlefold have a plan to bring in more income.. As an aside.. there have been a LOT of comments over the years about corporates and their place at events. The article duggests a $9m revenue stream from corporates and a $12m revenue team from regular punters…. Scary.. |
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Go woke, Go broke… Here’s hoping a random universe works out in your favour… The meaning of life… ENJOYING THE PASSAGE OF TIME! #CANCERSUCKS ![]() |
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#54 | |||
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Join Date: Dec 2006
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Quote:
Quote from their own financial statement showing how bad things are. |
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#55 | ||
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Speedcafe’s Take
An interesting classification of the payments made to build Gen3 chassis. It begs some questions.. including whether the teams actually own their chassis, or the RACE mob does.. and whether the sale of same is somehow an income stream into RACE itself.. |
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Go woke, Go broke… Here’s hoping a random universe works out in your favour… The meaning of life… ENJOYING THE PASSAGE OF TIME! #CANCERSUCKS ![]() |
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#56 | |
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"RACE’s biggest expense in 2022 was ‘Administration’ at $41.4 million"
I knew it would be jobs for the boys, but come on. Does the Foxtel money even cover that? |
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#57 | ||
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Join Date: Apr 2004
Posts: 6,692
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Not sure I'd want to be Barry Rogers with ARG tanking too...
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#58 | |
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I'd say the Shahins still want it, but not just yet...
While ARG was able to offload AGT, sans the rights to GT4 (which is a whole other mess), could they convince SRO to take on TCR? |
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#59 | ||
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Shahins have not had their deal approved either.
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#60 | |||
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Join Date: Aug 2003
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I'm not surprised that they made a loss in 2022, coming off the back of Covid and after all those years of Archer underfunding, plus of course all the work on the Gen 3 car. If they can get the investment they're looking for, the real test will be 2023 & I guess 2024 financials but as the series seems to be well-sponsored generally, it's likely that getting costs under control will be a big focus, as it may not be possible to grow revenue all that much. |
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“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 ![]() |
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#61 | ||
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AA’s Podcast this week suggests that the Messrs Rogers have sold out of the shareholding of RACE, as owners of the entities operating V8Supercar.
At a significant profit apparently. No disclosure of the buyer.. One agitator off the board presumably.. |
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#62 | |||
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#63 | ||
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ARG seem to nurture the entirety of Australian Motorsport by acquiring, spitting off, choking and then dumping lots of categories?
Good job |
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#64 | ||
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#65 | |||
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I see enthusiast investor meeting the reality of 'making a quid' v. the 100% commercial operators the likes of Archer Capital i.e Private Equity. *https://speedcafe.com/rogers-sell-su...seas-investor/ I watch with interest the re-launch of Calder Park by the 2nd generation of the Jane family. |
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more torque than a climate change conference ![]() |
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#66 | |||
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https://www.libertymedia.com/news/de...ition-of-quint First test for the new AGP CEO (Victorian Government) ? |
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more torque than a climate change conference ![]() |
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#67 | |||
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#68 | |||
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Quote:
Walcott is in the mix with RACE/V8 Supercars ownership as best I understand: Supercars confirms that the Rogers family has recently concluded the sale of their shareholding in RACE at a material premium. Shareholders were duly informed of this development earlier this year. 'The Rogers shares have been sold to an international investor, Walcot LLC, that has joined the RACE ownership group effective immediately. Supercars confirms that the Rogers family has recently concluded the sale of their shareholding in RACE at a material premium. Shareholders were duly informed of this development earlier this year. 'The Rogers shares have been sold to an international investor, Walcot LLC, that has joined the RACE ownership group effective immediately.' https://www.motorsinside.com/en/f1/n...ved-in-f1.html Le 30/01, 18:42 'Liberty Media has acquired over 90% of Quint for $313 million, approximately 288 million euros. The transaction was initially concluded in September and has been finalized at the beginning of 2024. The company will be assigned to Liberty Media's Formula One group, and Formula 1 and Quint will continue to operate as separate entities.' Last edited by cavvy; 11 Mar 2024 at 04:48. Reason: added additional info |
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more torque than a climate change conference ![]() |
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#69 | ||
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#70 | |
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Well seeing that CVC weren't allowed to own both I would expect, in fairness, the same to apply to Liberty so they can move for SuperCars.
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#71 | ||
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If that was allowed, I don’t see why having F1 and MotoGP under the same roof would be an issue Ironically Liberty will have far more control of MotoGP than they do F1 |
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#72 | |||
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#73 | ||
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#74 | ||
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Interesting article in todays Aus on extra capital for the current owners before the next TV deal.
Seems RACE financials dropped last week. Sorry cant link article. |
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#75 | ||
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Is Supercars a business or a passion project? |
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