Russell Ingall and Paul Morris
Budding supercars owner Paul Morris broke his silence when various powerful groups line up to buy the category.
Several revelations were made over the past week of serious interest in acquiring a majority stake in the company, with Archer Capital actively seeking to divest its 65 percent stake.
Among the candidates that came out is a consortium between Bathurst 1000 winner Morris, Boost Mobile mogul Peter Adderton, head of SCT Logistics, Pete Smith, MotoGP legend Mick Doohan and the CEO of the British Touring Car Championship, Alan Gow.
In addition to a number of social media posts from Adderton, the signing of nondisclosure agreements has prevented interested parties from speaking publicly. That is, until today’s episode of Enforcer & The Dude with co-hosts Russell Ingall and Morris.
The latter recognizes the factor of NDAs but tiptoes around the matter by speaking hypothetically and not directly confirming any particular detail.
Subsequently, Morris shares his confidence that Tim Miles, hired by Archer to facilitate a sale, “will find the right buyer”.
When asked by Ingall about his reported consortium, Morris doesn’t exactly reject such proposals.
“I don’t think Pete Adderton would throw his hat in the ring, and I think he’s probably smart enough to surround himself with the right people to fill in the gaps he’s not good enough at,” says he.
“So that would hypothetically be a pretty good group of people to do the sport.”
Morris adds that supercars need a significant new owner.
“I think the sport and the way it is done needs a driving personality like Pete Adderton,” he says.
“It takes a rainmaker. You need your Bernie Ecclestone, you need your Tony Cochrane, and you need a person like Pete who people follow and make things happen.
“He has his weaknesses too, and if he were to bring a group of people together, it would not, hypothetically, be a bad group of people to fill in those gaps.”
Morris and Ingall continue to analyze how the five-member consortium of differing strengths could balance each other out and address the competing offer that sees five-time Supercars Champion Mark Skaife partnering with TLA Worldwide / TGI Sport.
The Gen3 timeline theme is also discussed, which may provide interesting insights should the Morris Consortium succeed in its takeover bid.
The full episode will go live on Enforcer & The Dude’s YouTube and Facebook channels at 6:00 p.m. AEST tonight.
