THE Supercars business has attracted fresh international investment.
Supercars has confirmed a new co-owner for its parent company RACE following news that Garry and Barry Rogers have sold their approximately 15 percent stake.
The father-and-son duo were foundation members of the Barclay Nettlefold-led RACE consortium that bought the business in late 2021.
Supercars issued a statement pointing to the Rogers making a profit on their investment and being succeeded by a new investor, Walcot LLC.
“Supercars confirms that the Rogers family has recently concluded the sale of their shareholding in RACE at a material premium,” read the statement.
“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 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.”
The man behind Walcot’s investment is understood to be American Brian Learst, who co-founded ticketing and hospitality company, QuintEvents, in 2002.
That business, which is involved in the running of various sporting events including Formula 1, MotoGP and NASCAR races, was bought by F1 owners Liberty Media late last year.
Learst was the Executive Chairman of QuintEvents at the time of the sale but is believed to have no ongoing affiliation with the business.
