Report: Supercars acquisition plans surface

Two groups reportedly preparing bids to buy Australian motorsport series.

Report: Supercars acquisition plans surface

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  • Majority shareholder keen to sell by end of 2021
  • British Touring Car Championship boss linked to deal 

Private equity firm Archer Capital is believed to be making fresh efforts to sell its Supercars business and has hired independent corporate advisory firm Miles Advisory to find a buyer.

Archer Capital acquired a 60 per cent of Supercars, the most domestic motorsport in Australia, in a 2011 deal that valued the business at about AUS$300 million (US$224.6 million) and is keen to find a buyer by the end of the year.

According to Australian motorsport magazine Auto Action, Mark Skaife a five-time Supercars champion and Peter Adderton, founder of wireless telecommunications brand Boost Mobile, are leading rival buy-out plans.

Skaife has reportedly combined with leading sports marketing agency TLA to mount a takeover bid, while Adderton has formed a consortium of racing industry professionals including five-time world 500cc motorcycle champion Mick Doohan, racing driver Paul Morris, and chief executive of the British Touring Car Championship (BTCC) Alan Gow.

Auto Action says Adderton’s bid would be for 100 per cent of Supercars for total control, while the bid led by Skaife would just be for Archer’s majority share, leaving the teams with 35 per cent.

Australian Racing Group, the company that runs a growing range of motorsport series and events in Australia, is also thought to be considering another offer having previously tried to acquire the series.