McMellan held a 20 per cent interest in the business, which has been sold to Garry Rogers who now owns a 95 per cent stake. The other five per cent is held by Seven West Media CEO James Warburton.<\/p>\n
Stan Sport is the only place to watch all the 2023 SpeedSeries.<\/strong><\/em> All the action streaming ad free, live and on demand<\/strong><\/em><\/a><\/p>\n It's the second significant shift in the structure of ARG in a year after Rogers increased his stake by way of his Motorsport Events business after taking over the lion's share of ARG founder Bryan Boyd's shares, part of which went to McMellan.<\/p>\n The Australian Racing Group owns and operates several high-profile categories, namely the TCR Australia Series, National Trans Am Series, S5000, Touring Car Masters, and V8 Touring Cars.\ufeff<\/p>\n The Australian Racing Group is the largest promoter of circuit racing in Australia outside of Supercars.<\/p>\n McMellan will also step down as Australian Racing Group chairman.<\/p>\n READ MORE:<\/strong> Captain Cummins, Lyon lift Aussies to 'famous victory'<\/strong><\/a><\/p>\n READ MORE:<\/strong> Ashes villain 'dragged away' from tense Khawaja spat<\/strong><\/a><\/p>\n READ MORE:<\/strong> Sacked McGuire's dad rips 'rat' player, English club<\/strong><\/a><\/p>\n "Garry Rogers has expanded his investment in the Australian Racing Group (ARG) and is now the business' largest shareholder," a statement read.<\/p>\n "This revised structure will see John McMellan no longer involved in ARG Management or operational duties moving forward.<\/p>\n "Further information about plans for the business moving forward will be announced in due course."<\/p>\n Amid McMellan's exit, Rogers pledged himself to the running of the racing promotion with the support of motorsport operations general manager Liam Curkpatrick.<\/p>\n Rogers has a significant interest in the success of the aforementioned categories, of which his eponymous team competes in TCR, S5000, and Trans Am.<\/p>\n Garry Rogers Motorsport is one of Australia's longest-running racing teams, made famous in Supercars across the late 1990s to the 2010s. \ufeff<\/p>\n "We are committed and continue to invest in motorsport and the Australian Racing Group, its categories and the sport in general," said Rogers.<\/p>\n "Moving forward, I plan to be more hands-on and hopefully my 60-plus years in this sport and enthusiasm will attract some like-minded people who can work with Liam Curkpatrick to re-energise the business."<\/p>\n The exit of McMellan means none of ARG's founders remain at the business.\u00a0<\/p>\n McMellan has all but stepped away from his major motorsport activities having recently left the Racing Australia Consolidated Enterprises Ltd (RACE) board which owns Supercars.<\/p>\n McMellan is the vice chairman and executive director of Payce Security.<\/p>\n For a daily dose of the best of the breaking news and exclusive content from Wide World of Sports, subscribe to our newsletter by<\/strong><\/em> clicking here<\/strong><\/em><\/a>!<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<\/p>\n
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