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Supercars shares change hands

Around 1 / 2 of what is referred to as the Australian Racing Group part of the shareholding, that was acquired within the takeover from Archer Capital this past year, he been sold off.

ARG co-owners Garry and Barry Rogers, and Brian Boyd, were late additions to the successful bid for RACE to get Supercars from Archer, and were collectively understood to carry roughly 30 %, which unofficially sat beneath the ARG banner.

Barry Rogers confirmed to Motorsport.com that it’s Boyd’s shares, not the Rogers’ shares, which have been sold at this time.

The sale of the shares comes carrying out a tumultuous period in relations between ARG and RACE.

ARG may be disgruntled on the insufficient cohesion between Supercars and ARG’s suite of categories, which include TCR Australia, S5000, Touring Car Masters and Trans Am.

That has been highlighted by way of a recent decision by Triple Eight to ban Shane van Gisbergen from competing in Trams Am, that is thought to attended following pressure from Supercars itself.

The strain was then heightened by way of a recent foreign takeover bid from Belgian media company FanTech, that was rejected by the Supercars board.

Garry and Barry Rogers were later publicly critical of your choice never to sell.

That has been despite some information on the bid being unclear, including whether FanTech had the funding all set, or had a need to raise capital.

RACE is yet to formally concur that the shares have already been sold, as the identity of the customer can be unclear, although sources have suggested it really is on the list of existing shareholders.

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