Stocks of supercars change hands.

Stocks of supercars change hands.

About half of the stake in the Australian Racing Group, which was taken from Archer Capital last year, has been sold.

ARG co-owners Gary and Barry Rogers and Brian Boyd, who were added late in the bid to buy RACE Supercars from Archer, are understood to hold about 30 percent of the total under the RRG banner.

Barry Rogers confirmed to that it was Boyd’s shares that were sold this time, not Rogers’ shares.

The share sale comes in the wake of tensions between RG and Seed.

ARG is known to be upset by the lack of coordination between Supercars and ARG’s collection of categories, which includes TCR Australia, S5000, Touring Car Masters and Trans Am.

This was highlighted in a recent decision. Triple eight to prevent Shane van Gisbergen from competing in Tram AmIt is believed to have come under pressure from Supercars itself.

Then the tension in A A recent foreign takeover bid from Belgian media company Fantech was rejected by the Supercars board..

Later, Gary and Barry Rogers publicly criticized the decision not to sell.

This was despite the fact that some details of the bid remain unclear, including whether Fantech is ready to fund or raise capital.

RACE has not yet officially confirmed that the shares have been sold, and the identity of the buyer is unclear, although they have indicated that it is among the existing shareholders.


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