Supercars News: Series has new partial owner

Walcot LLC has taken partial ownership of the Supercars Series by purchasing the Rogers family share in Supercars’ parent company RACE.

Racing Australia Consolidated Enterprises or RACE is the owner of V8 Supercars Holdings Pty Ltd, and the pair have sold their nearly 14 percent slice, or three-and-a-half-million shares, with the majority going to Walcot.

A statement issued by Supercars this evening states:

“Supercars confirms that the Rogers family has recently concluded the sale of their shareholding in RACE at a material premium. Shareholders were duly informed of this development earlier this year.

“The Rogers shares have been sold to an international investor, Walcot LLC, that has joined the RACE ownership group effective immediately.

“Walcot LLC has indirect links to Liberty Media, the owners of the Formula One Group.

“Supercars extends its gratitude to the Rogers family for their valuable contributions during their tenure.”

QuintEvents founder and CEO Brian Learst is believed to be behind Walcott LLC, but is thought to no longer have an ongoing involvement with QuintEvents.

Following the sale of shares, Supercars chair Barclay Nettlefold wished the pair well on behalf of RACE and Supercars.

“We extend our sincere thanks to Garry and Barry Rogers for their role as foundation investors in RACE,” he said.

“They were instrumental in our journey to acquire the business of Supercars, and we are grateful for their support.

“We respect their decision to sell their shares in RACE and realize what was a material uplift on the value of their initial investment.”