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Motorsport NZ is the major shareholder in TMC, the full shareholding list from the Companies Site is below, but most of the circuits (via the clubs that own them) have a shareholding also.
THE MOTORSPORT COMPANY LIMITED
Total Number of Shares:150000 Extensive Shareholding:No
Shareholders in Allocation:
90000 shares
MOTORSPORT NEW ZEALAND INCORPORATED
11250 shares
SOUTHLAND SPORTS CAR CLUB INCORPORATED
11250 shares
SOUTH CANTERBURY CAR CLUB INCORPORATED
11250 shares
THE CANTERBURY CAR CLUB INCORPORATED
11250 shares
THE MANAWATU CAR CLUB (INCORPORATED)
7500 shares
TAUPO CAR CLUB INCORPORATED
7500 shares
NZ INTERNATIONAL GRAND PRIX (AUCK) INC
As I remember it, TMC was set up at a time when getting someone to promote the Summer Series was a problem and so I think it was setup with good intentions.
It has been suggested by others that MSNZ being the regulator and (effectively) the promoter is a conflict of interest. But it also could be argued that they will (or at least should) have the sports best interest in mind.
You do not seem to see (or at least I haven't) the same sort of conflict going on with the equivalent Rally Promotions company (Rally of New Zealand Limited) who are now running both the International Rally and the National Rally series. If this is the case can we learn something from this side of the sport.
Last edited by MS Fan; 27 Jul 2011 at 02:58.
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