Engines revved in battle for Supercars

“We are well within reach of our ambition to be one of the leading three sports in this country and to expand our championship into Asia.”

UBS has being busy conducting detailed presentations to Australian companies resulting in five submissions of interest in the sale.

However, it is uncertain whether News Corp Australia and Fox Sports will make an offer to buy Archer Capital’s majority stake.

As the broadcast rights holder through its seven-year deal with Fox Sports, there is not a great imperative for News Corp to buy Supercars.