RACE to control Supercars by Bathurst 1000

The Racing Australia Consolidated Enterprises consortium is set to take control of Supercars ahead of next month's season-ending Bathurst 1000.

RACE to control Supercars by Bathurst 1000
Listen to this article

It was recently confirmed that the RACE consortium, led by Barclay Nettlefold and involving Australian Racing Group, will purchase the 65 per cent stake in Supercars that has been owned by Archer Capital for the past 11 years.

RACE will also take over the 35 per cent collectively owned by the teams to give it total control of the category.

That will come in return of a fixed income per entry over the next five years, believed to be around $650,000, as well as a one-off $450,000 grant per entry to help teams transition to the new-for-2023 rules.

While the announcement of the sale indicated that the transition of the shareholding will be completed by the end of this year, it appears RACE will take control of Supercars before the end of this season.

The new ownership structure should be in place before the season-ending Bathurst 1000 early next month.

That is in a way fitting, given the six-day 'Super Bathurst' is already being run as a cooperation between Supercars and ARG.

There are still a number of question marks over the split of the shareholding and the make-up of the board, with documents doing the rounds somewhat at odds with information from sources.

What does appear clear is that Nettlefold will head up RACE, while the announcement named ARG and finance firm Henslow as other stakeholders in the consortium.

Another question mark hangs over the future of the Supercars Commission, at least in its current guise.

The sport operates with an eight-person Commission to advise on rule changes, which includes representatives from teams (currently Brad Jones, Barry Ryan, Jamie Whincup and Tim Edwards) as well as management and board members.

However there are whispers that could be scrapped under the new model in favour of a more collective involvement from teams.

shares
comments

KGR confirms Youlden as Sydney sub

2021 Supercars Armor All Sydney SuperNight session times and preview

Motorsport.com writers' most memorable moments of 2022

Motorsport.com writers' most memorable moments of 2022

Prime
Prime
Formula 1

Our most memorable moments of 2022 Motorsport.com writers' most memorable moments of 2022

Why Courtney and Tickford are a dream match

Why Courtney and Tickford are a dream match

Prime
Prime
Supercars
Andrew van Leeuwen

How Courtney found his dream match Why Courtney and Tickford are a dream match

How taming his temper shaped Supercars' slow-burn star

How taming his temper shaped Supercars' slow-burn star

Prime
Prime
Supercars
Andrew van Leeuwen

How taming his temper shaped Supercars' slow-burn star How taming his temper shaped Supercars' slow-burn star

Why replacing Supercars' GOAT with a teenager is worth the risk for T8

Why replacing Supercars' GOAT with a teenager is worth the risk for T8

Prime
Prime
Supercars
Andrew van Leeuwen

Why a teenager is replacing the GOAT Why replacing Supercars' GOAT with a teenager is worth the risk for T8

How Randle went from fighting cancer to battling for Supercars contention

How Randle went from fighting cancer to battling for Supercars contention

Prime
Prime
Supercars
Andrew van Leeuwen

Randle reflects on cancer fight How Randle went from fighting cancer to battling for Supercars contention

How crisis talks over Supercars’ Gen3 future could leave it without a paddle

How crisis talks over Supercars’ Gen3 future could leave it without a paddle

Prime
Prime
Supercars
Andrew van Leeuwen

Supercars' paddle problem explained How crisis talks over Supercars’ Gen3 future could leave it without a paddle

Can DJR still be a Supercars powerhouse after Penske?

Can DJR still be a Supercars powerhouse after Penske?

Prime
Prime
Supercars
Andrew van Leeuwen

Can DJR still be a Supercars force? Can DJR still be a Supercars powerhouse after Penske?

Can Whincup be Triple Eight's ruthless leader?

Can Whincup be Triple Eight's ruthless leader?

Prime
Prime
Supercars
Andrew van Leeuwen

Can Whincup be a ruthless team boss? Can Whincup be Triple Eight's ruthless leader?