The contest for the V8 Supercars Australia Pty Ltd. business is understood to have narrowed to one party, which has lobbed its final offer and is waiting to hear from owner Archer Capital Pty Ltd. if it is the successful buyer. The Australian Racing Group consortium and the TGI Sport consortium have joined forces to form one proposal after earlier competing with each other for the business, which is up for sale through Miles Advisory. ARG is owned by Brian Boyd and John McMellan from Payce Property, along with well-known racing identities Garry and Barry Rogers. The TGI Sport consortium also includes Hawkwing plc (LSE:HNG) (TLA Worldwide), run by Craig Kelly and Mark Skaife. Funding the offer is TGI's US-based owner Bruin Sports Capital. The understanding is that the offer came in around the $60 million mark. Earlier, there was talk that businessman Peter Adderton was partnering with NRL team the Brisbane Broncos to buy Supercars, but it is thought they are no longer in the mix. Miles Advisory is now believed to be in discussions with the teams about the proposals. One theory is that the bidder may have promised team owners $700,000 per season per racing entitlement contract.