Archer has held a 65 percent stake in the Australian touring car racing business since 2011.

The Sydney-based private equity firm co-owns the business alongside the race teams, whose share is divided across the 26 Racing Entitlements Contract (REC) which represent the 26 cars on the Virgin Australia Supercars Championship grid.

Archer has engaged investment bank UBS to explore a potential sale over the coming months.

Supercars CEO James Warburton says it is “business as usual” during the process, and that there is no guarantee a sale will occur.

“Any sale process is entirely a matter for the shareholders,” Warburton was quoted on Supercars.com.

“Our focus is the continued growth of a thriving business, renowned international motorsport category and tier one Australian mainstream sport; and realising our 2025 vision.”

Archer is represented on the Supercars Board by one of its founding partners, Peter Wiggs, who acts as chairman.