V8 Supercars’ discussions, which started last year, came after Seven West Media announced a multi-year deal with Australian Racing Group, which includes the TCR Australia Series, S5000 and categories from the Shannons Motorsport Australia Championships. Mr Warburton is a non-executive director of Australian Racing Group and has a stake in the business.
But Seven has a long history with the Supercars, as broadcaster from 1963 to 1993, and from 2007 to 2014. A deal with V8 Supercars would extend its current offering which includes the cricket, AFL and the Tokyo 2020 Olympics.
Meanwhile, Network Ten currently has the rights to the Melbourne Cup carnival and a deal currently in place with Rugby Australia, which is about to go to tender.
Foxtel’s exclusive Formula One rights, which it took from Network Ten in 2017, will expire in 2022.