James Warburton tipped to be the new boss of the V8s
Warburton: New V8s boss?
The former CEO of Channel Ten James Warburton is set to be the new boss of the V8 Supercars, reports The Australian Financial Review.
According to the newspaper Warburton, who was fired by the board of Ten in February, has been “lined up” by the majority shareholder in the V8s, private equity firm Archer Capital, to take over as CEO of the motor sport.
David Malone, the CEO of the V8s stepped down two weeks ago after only 15 months in the role. The paper quotes sources close to the sport saying: “(Warburton) was the only candidate for the top job and expected the appointment to be confirmed within the fortnight.”
The main obstacle to the appointment appears to be securing Warburton’s release from his a non-compete clause with the Ten Network. However it appears that Ten is not opposed to Mr Warburton taking on the role.
If Warburton is appointed it will come just months after the V8s signed a new two year sports rights deal with the Seven network.
Warburton has previous experience with the car industry. He is a former GM of marketing at Hyundai.
