V8 Supercars Australia Auto Racing Championship Acquired by Archer Capital

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V8 Supercars Acquired by Archer Capital

May 19, 2011 by  
Filed under News

The majority shares of V8 Supercars Australia Auto Racing Championship will now be controlled by Archer Capital, and the series is valued at an estimated $316 million. Archer Capital is based in Sydney and funds Australian Motor Racing Partners Pty Limited. The organization will now own sixty percent of the series. The remaining forty percent of the V8 Supercars will be retained by the management holding and teams. Even though Archer Capital has taken on some debt in taking over the series, Andrew Gray, Director of the Australian Motor Racing Partners, expressed his optimism in regard to the takeover.