V8 Supercars On Sale For A Reported $100 Million

Under the deal V8 Supercars will receive about 32 million a year in media rights from Seven. V8 Supercars On Sale For A Reported 100 Million 9finance Jamie Whincup S Two Time Championship Winning V8 Supercar For Sale Aussie Bathurst V8 Legends Up For Sale.

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V8 Supercars on sale for a reported 100 million.

V8 supercars on sale for a reported $100 million. Archer Capitals shares in Supercars Australia went on sale during 2017. The business turns over about 100 million annually and runs events in every state and territory and New Zealand. Six years ago Sydney-based private equity company Archer Capital paid a reported 300 million for a 60 per cent shareholding in V8 Supercars and is now talking to a potential buyer for its share.

The Australian Financial Review reported this week that Archer Capital the private equity firm that bought 60 per cent of the sport in 2011 for 30 million has begun looking for potential buyers. V8 Supercars on sale for a reported 100 million. However it is record television figures a growing.

The exact figure of the portfolio remains to be seen but The Daily Telegraph reported it will be in the ballpark of around 100 million. FORD SET TO QUIT V8s the magazine that most closely covers the. Two 747 freight planes lands in Austin bring Aussie racing to the USA.

On May 16th the Daily Telegraph reported Although Archer. That endeavour was shelved a month later with bids understood to be below the reported 100 million asking price. Professional racing is expensive.

28 million all-electric supercar unveiled by Ferraris old rival. The company is said to return about 24 million before interest and tax. In return Seven gets exclusive free-to-air.

Assessing what money V8 Supercars might contribute is just as difficult. Although Archer Capital has put a 100m price tag on its stake it is believed 70m-80m was a more realistic valuation. Tumbling Australian property prices finding solid ground.

James Phelps 2 min read. Supercars owner Archer Capital is waiting on the new TV deal to activate its long-planned sale of the business giving it tangible value. Rent prices on the rise depending on where you live.

V8 Supercars on sale for a reported 100. James Warburton CEO of Supercars said its business as. Archer Capital bought its 65 share in 2011 for a reported 180m from Sports Entertainment Limited and Supercars team owners.

Archer Capital bought a 65 per cent share in 2011 for a reported 180 million from Sports Entertainment Limited and Supercars teams owners. The Battista is being touted as the most powerful street-legal vehicle of all. Supercars is owned 65 per cent by Archer Capital and 35 per cent by the teams.

Sydney-based equity firm Archer Capital is selling its 65 percent share in the business. It is understood indicative offers were tabled but the report suggests that these were below the 100 million reported. FPR co-owner denies Ford notice and talks with BMW Fords future in V8 Supercar racing is suddenly in the spotlight.

However even then informed observers reckon a Supercars sell-off will still only reap 30 million-35 million way less than the 134 million Archer paid in 2012. Australian V8 Supercars majority share up for sale. Home Misc Featured News Archer Capital shelves Supercars sale.

More than 220000 lbs of racecars and equipment valued in excess of 100 million has arrived from Australia in Texas in. Now despite the hundred-million price tag Archer reckon between 70 and 80 million is more realistic. V8 Supercars has done a mega new media deal with pay television and the Ten Network to start from 2015.

Todays shock announcement puts the value of the six-year deal which includes telecasts and all digitial rights at 241 million -- 196 million in cash almost 33 million a season and 45 million in advertising. AUSTRALIAs third biggest sport is officially up for sale with the majority owner of Supercars slapping a 100m plus price tag on the V8 powered national icon. V8 Supercars on sale for a reported 100 million.

According to newspaper reports it was unlikely to achieve the 180 million it paid for its shareholdings in 2011 valued at 300 million in total at that time despite the Foxtel contract signed in 2014. Cochrane was suitably vague and said his company plans to contribute in the vicinity of 10 million to 115 million a year.

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