V8 Supercars Acquired by Archer Capital

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.

Townsville 400

The popular Townsville 400 is a renowned V8 Super Car Event. The race takes place on a track with a circuit length of 2.87km, with an average speed of 140kph. The event consists of two 200km races. Be sure to catch the action! Date: 9 to 11 July 2011 Venue: Townsville circuit City: Townsville State: [...]