Successful businessman Quinn has acquired a 40% stake in the Triple Eight team. Key management and ownership shake-ups, including the Jamie Win Cup, which replaces Roland Dane as a team principal..
Quinn is now the majority shareholder of the team, with Jess Dane at 30 percent, Win Cup at 19 percent and Roland Dane at the last 11 percent.
According to Quinn, the buy-in process began when he showed an interest in investing in a team with Seamer. The CEO of the series has made recommendations for “couples,” including the longtime front runner Triple Eight.
“My first inquiry was actually through Sean Seamer,” Quinn explained.
“I was watching carefully and told him I wanted to invest in one of the teams above and below the pit lane. He understood that and he really recommended some couples, and it was me It was clear that what I should go and invest in.
“I knew Roland, Jamie and Jess when I first met the team. I was more impressed than I expected.
“I think they created a great environment there. What attracted me was also the fact that Roland hadn’t fled to sail the Pacific Ocean.
“It became even more fascinating because he taught Jamie and myself in our new role, and Jess.”
Quinn added that the conversation began before the end of the 2020 season.
“To be completely honest, I can’t remember,” he said when he pressed the exact timeline. “But I think it was around Bathurst. It was around October last year. It was before Bathurst.”
Quinn has long been involved in motorsport, especially as a sponsor through successful businesses such as VIP Petfoods and Darrel Lea.
He also owns categories such as Australian GT and Aussie Racing Cars and currently owns and operates the Hampton Downs and Highlands Motorsports Park circuits in New Zealand.
His current supercar involvement is not limited to this T8 contract. Quinn helped Team Sydney by strengthening its support this season through a local legend business. Athletics winner Fabian Coulthard..
“They are two separate proposals,” said Quinn of the T8 and Team Sydney deal.
“Team Sydney’s proposal is a continuation of what we started with local legend sponsorship last year. It’s a good deal for local legends and a good deal for team Sydney.
“This is a completely separate argument from triple-eight involvement. Triple-eight involvement is a much more commercial and long-term proposal.
“Motorsport has been and will continue to be a major part of my future. My legacy wants to continue motorsport even if I die, and Triple Eight wants to continue that effort. Forming a part. “
Dane, who will resign as managing director and team principal at the end of the season, said the deal was closed very quickly.
“How it happened, it happened relatively quickly, and I came to the following conclusion very quickly. [Quinn] He was the one who really added value to Triple Eight and I thought he could help the next generation achieve their ambitions and grow. “
“Honestly, as many know, I’m not very motivated by money. I’m motivated by business success and on track, and not on track. And hope it will continue.
“It’s a bit of a unicorn situation. Tony has been very successful in business, but he’s also been involved in motorsport for a long time, as a category owner, as a circuit, and from different perspectives. I understand it deeply, as an owner, and even as a promoter. He also sees it as a competitor.
“It’s a very unique set of experiences and I find it difficult to match.”
Dane pointed out recent investments from both Quinn and Quinn New Kelly Gloves Racing Co-owner Stephen Gloves, As a sign of supercar health.
“Frankly, last month’s supercar robbed Stephen Grove and Tony Quinn of a lot of investment in different teams, and hopefully this category is now moving away from the back of the television. It’s a proof of being there. From the back side of Gen3 etc. “
“Tony has a lot to do with the environment of supercars as well as triple eights, in case he chooses to get involved at some point in the future.”
Supercar CEO Encourages Investment in Triple Eight
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