Garry Rogers increases stake in ARG, McMellan out
Wednesday 21st June, 2023 - 12:05pm
Garry Rogers has increased his share in the Australian Racing Group while John McMellan is no longer involved in management of the business.
A statement from ARG a short time ago advises:
“Garry Rogers has expanded his investment in the Australian Racing Group (ARG) and is now the business’ largest shareholder.
“This revised structure will see John McMellan no longer involved in ARG Management or operational duties moving forward.
“Further information about plans for the business moving forward will be announced in due course.”
Garry Rogers himself commented via that statement, “We are committed and continue to invest in motorsport and the Australian Racing Group, its categories and the sport in general.
“Moving forward, I plan to be more hands on and hopefully my 60+ years in this sport and enthusiasm will attract some likeminded people who can work with Liam Curkpatrick to re-energise the business.”
The change is the latest of several at the high levels of ARG in the past 12 months.
Braid stayed on as an advisor for a period of time, but Curkpatrick effectively replaced him in the new role of Chief Operating Officer.
That acquisition represented a carve-up of James Boyd’s stake, with most going to Motorsport Events but a small parcel of shares to McMellan, such that he owned a total of exactly 20 percent of ARG.
While details are thin at the moment, it would appear that the Rogers now own almost all shares, although former Supercars CEO James Warburton also owned around five percent, at least as at late last year.
It is furthermore understood that McMellan retains a small amount of shares, although he will no longer be involved in day-to-day activities.
ARG has been in cost-cutting mode in recent months, with the exit of Chris Lambden from his role as S5000 Development Manager.
Ken Collier’s contract as boss of the Bathurst 6 Hour was not renewed after this year’s event, while Grant Rowley, who had been communications manager for ARG since its inception in 2018, finished up in that role at around the same time.
Amid shrinking grids across almost all of its categories, Barry Rogers told Speedcafe last month that he was committed to ARG and believed it could be made financially sustainable.
McMellan had been part of the original consortium which created ARG around five years ago, starting out with the Supercheap Auto TCR Australia Series which continues to be its flagship category, and fulfilling Lambden’s vision of S5000 when that too hit race tracks in 2019.
The portfolio now also includes Touring Car Masters, the National Trans Am Series, GT World Challenge Australia (in partnership with SRO), V8 Touring Cars, and the Bathurst 6 Hour and Supercheap Auto Bathurst International events (the former in partnership with Bathurst Regional Council).