V8Supercars To Return To Private Ownership??

[Tourer]

Originally Posted by Axeman444

I'm calling RD.

Where does the article say him and Betty are part of the group wanting to buy it back? All it says is they are team owners, not THE team owners concerned in the buy back

The article specifically names RD & Betty as members of the group of team owners "hatching the plan"

[GTRMagic]

Originally Posted by fomoco

Merchant Bankers/Private Equity firms are not in the business of actualy running them, they are more aligned to dress them up like a christmas dinner , whilst reduce spending , to show nice bank balance and cash flow etc to sell for a tidy profit.

They are similar to Govts, there for a few years, not the best ppl to have running a business forever as it is not in their interests. They are there to make money nothing more nothing less.

Isnt the bloke from Archer appointed the 3rd one they have had on the V8SC entity?

[TWRv12]

Originally Posted by Tourer

Thanks TWR - those are both the same story linked in the first post by the look of them.

Interesting quote from the story: "The talks have not been escalated to the entire group, with the most powerful team owner and a person essential to any bid claiming he had not been included in any discussion."

Wonder who "the most powerful team owner" is meant to be? Roland is part of the group, Betty too. Surely the author doesn't seriously consider a Kelly to be "the most powerful team owner"?

They were posted before the thread started...

[EfiOz]

http://www.speedcafe.com/2013/11/26/...eadline-looms/

Running down the numbers to drop the price? Problem, reaction, solution.

[D.R.T.]

Originally Posted by mountainstar

How the franchise holders went from nearly a million in income a year to nothing is a mystery. Yes the TV deal went down some, but not that much

No mystery.

The teams previously had 75% ownership and there 75% of the profit dividend.
When they chose to sell this reduced to 35% of profit split 28 ways. Apparently a lot of team owners failed to recognise simple mathematics and then started whinging when it became a reality, expecting to cash 2 cheques.

Added to this is the tv deal is millions and millions less per year.

[Langers]

Originally Posted by GTRMagic

I would suggest that the Dumbrell family tree has plenty of green leaves upon it too...

Perhaps, but not enough to buy spare parts for Bathurst.

[Umai Naa]

Perhaps, it was the Bathurst starter motor that let them down on the weekend?