A shareholder in the consortium that owns Supercars is about to sell itself.
Speedcafe.com understands that the person concerned is in fact Sydney property magnate Brian Boyd, who is also co-owner of the Australian Racing Group (ARG).
ARG was thought to hold a 30% share of Racing Australia Consolidated Enterprises (RACE), but Speedcafe.com now believes the 30% in question are actually separate stakes held by Boyd and the Rogers respectively.
It is therefore understood, contrary to an earlier report, that it is not ARG itself that is selling a stake in RACE.
Barry Rogers reaffirmed his commitment to Supercars amid the stakeholder sell-off and confirmed the shares held by Rogers are not on the market.
“No, we haven’t sold any of our shares,” Barry Rogers told Speedcafe.com.
“We’re committed to the whole thing…we’re committed to all of motorsport, damn oath we are.
“At this point, we engage in everything we do. We commit to share ownership in RACE, we commit to our involvement with ARG and our ownership there.
“That’s sort of our position, but I can’t speak for the others.”
On the so-called “ARG involvement,” Rogers explained, “There are two ARG people, which is us, and a guy called Brian Boyd, who is Payce.
“Between us we have a percentage of RACE, but they are in our individual names.”
He clarified: “I think between us we probably have a little less than 30% of the capital; not quite 30 percent combined.
News that a shareholder is set to sell follows a takeover bid for Supercars that was reportedly rejected by European company FanTech.
At the time, Barclay Nettlefold, chairman of Supercars, acknowledged a number of approaches had been made for the company, but did not provide further details.
Rogers wrote an email to Supercars team owners following the reports, obtained by Speedcafe.com.
In that email, Rogers spoke about the fragmentation of the Australian motorsport landscape and a rift between Supercars and ARG, despite common ownership.
RACE acquired Supercars last October, buying Archer Capital’s roughly 60% stake and the 35% equity held by the teams themselves.