Ford is no stranger to building and racing V8 engines. Tony Cochrane (V8 Chairman), Roland Dane (team owner), Ross Stone (team owner), James Erskine (SEL) and Archer Capital’s Andrew Gray were the five members who fronted the press conference that was streamed live on V8 Supercars’ website. The key criteria for acceptance into the supercar class is engine power output. The announcement was held in the Orient Room at the Observatory Hotel in Sydney. Miles Advisory Partners acted as corporate advisors to the V8 Supercars teams and SEL. Further details on the Commission will be provided in June. The Commission will be an advisory body with a particular focus on racing rules, regulations and formats, and will be an additional resource to the board and management team. Tony Cochrane will become the Chairman.Ī new V8 Supercars Commission will also be constituted. V8 Supercars Australia 2 also eschews the arcade sensibilities of other PSP racing titles to focus more on simulation. The current V8 Supercars management team will remain in place, but a new board of directors will be installed, comprising two representatives of the teams and two representatives of AMRP. V8 Supercars is indebted to SEL for its enduring contribution to the sport and is delighted that Tony Cochrane will continue as chairman of the business and retain a significant personal shareholding. Under the agreement with AMRP, SEL will exit the business after a successful 14-year tenure as founding investor. While terms of the agreement are confidential, the transaction values the V8 Supercars enterprise in excess of $300 million. Until now, the Championship has been jointly owned by the teams (75 per cent) and SEL (25 per cent). The racing teams and management will hold the remaining approximately 40 per cent equity interest in V8 Supercars. van Gisbergen-Waters clash Triple Eight alleged Waters didnt leave racing room RepcoSC. EXCLUSIVE V8 Supercar Pit Walk and Tour of the Dick Johnson Racing. When the transaction completes, envisaged for late May, AMRP will become the major investor in V8 Supercars Holdings Pty Limited (V8 Supercars). Official Twitter account for the Repco Supercars Championship. EXCLUSIVE Entry into the Sportsnet Holidays Phillip Island V8 Supercars Welcome Party. The majority of investors in Archer’s funds are Australian superannuation and pension funds. The 18 V8 Supercars racing teams and founding investor, Sports Entertainment Ltd (SEL), have entered into a sale agreement with Australian Motor Racing Partners Pty Limited (AMRP).ĪMRP has strong financial backing by Archer Capital, which secured the new deal ahead of a number of potential buyers.Īrcher Capital is Australian investment firm with a long and successful track record of supporting and growing leading Australian brands and businesses, with over $2 billion of funds under management. V8 Supercars has today confirmed a new ownership structure and a significant capital investment to support the continued development of Australia’s leading motor racing class. Five chairs await Tony Cochrane (V8 Chairman), Roland Dane (team owner), Ross Stone (team owner), James Erskine (SEL) and Archer Capital’s Andrew Gray in Sydney for the announcement today
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