ARG could make bid for Supercars
Wednesday 30th June, 2021 - 4:35pm
The Australian Racing Group appears set to join the growing list of parties interested in bidding to purchase Archer Capital’s majority share in Supercars.
Formed three years ago, ARG has quickly established a strong portfolio of Australian motor racing categories.
Chief among them are the Supercheap Auto TCR Australia Series and the S5000 Australian Drivers’ Championship.
Other ARG-owned series include GT World Challenge Australia, Touring Car Masters and National Trans Am, while the group also owns events such as the Bathurst 6 Hour and Bathurst International.
Now there could be moves afoot to add Australia’s number one category to that mix.
ARG is 47.5 percent owned by Motorsport Events Pty Ltd, which belongs to Garry Rogers Motorsport director Barry Rogers.
ARG has not confirmed its plans to bid, with Rogers declining to comment on the prospect when approached by Speedcafe.com.
However, it is known that ARG has previously vied for Supercars ownership and just last month the company’s CEO Matt Braid said, “ARG has always been open to looking at opportunities for various categories and motorsport opportunities in Australia”, without specifically referencing Supercars.
Speedcafe.com has revealed in the past week the identities of two key parties looking to buy Supercars.
Arguably, ARG could push its case on the basis of motorsport-specific category management experience given its reputation with TCR Australia and the like, although Gow too has that to his credit from decades of running the British Touring Car Championship.
It’s not clear as yet how soon Archer could sell its 65 percent share.