Organisation
V8 Supercars Australia manages, markets, and promotes the V8 Supercars sport. It is a joint venture between Touring Car Entrants Group of Australia (TEGA - 75%) and Sports & Entertainment Limited (SEL - 25%). It is run by an eight-member board. Four representing TEGA, two representing SEL, and two independent directors.
It was founded in 1997 under the name the Australian Vee Eight Supercar Company (AVESCO). TEGA was responsible for the rules and technical management of the series and the supply of cars and drivers while SEL was responsible for capturing and maintaining broadcasting rights, sponsorship, licensing and sanction agreements. In 2005 it changed its name to V8 Supercars Australia to make it more identifiable with the sport. In 2008 the separate boards of V8 Supercars Australia and TEGA were combined into a single board that is solely responsible for administering the sport.
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“It is because the body is a machine that education is possible. Education is the formation of habits, a superinducing of an artificial organisation upon the natural organisation of the body.”
—Thomas Henry Huxley (1825–1895)