Thoughts... Good or Bad?

V8 Supercars have announced a $300 million deal selling 60 per
cent of the motorsport championship's shares to a Sydney-based
private equity firm.

Archer Capital will now take a controlling share of the
championship after negotiating the deal with Sports and
Entertainment Limited (SEL) and the V8 Supercar teams.

Under the new deal, which is expected to give every license
holder $4 million, the teams will retain a 40 per cent share in the
sport.

Current boss TONY COCHRANE will be retained as the sport's
chairman.

COCHRANE says a new commission to run the sport will be
established in June and he's eyeing off an 18-round calendar in the
future.
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