Secret $25 million funding of Supercars takeover

A pitch to wealthy investors has raised around $25 million to help finance the deal.
The issue of shares in the new Supercars ownership group is understood to be fully subscribed.
The unpublicised private offering replaced an earlier effort to raise $55 million to fund the buyout.
The initial prospectus was issued on or around September 10 before the shareholding was revised down late …Keep reading