The sale of the AASA was announced on Sunday, with an investment group consisting of current CEO Stephen Whyte, Les Smith, Michael Fitzgerald and Peter Washington taking full ownership.
That brought a two-decade stint of AASA ownership by the BAC to an end.
The initial announcement didn’t include any comment from the BAC, however the organisation has now responded with some significant allegations.
In a letter sent to members titled “AASA – NOT FOR SALE”, the BAC said it “rejects any suggestion that the Benalla Auto Club Committee approved, supported, or endorsed such a transaction”, and that legal action is now on the table.
“The Benalla Auto Club Committee (BAC) wishes to clarify its position following public claims that the Australian Auto-Sport Alliance (AASA) was sold to a group of investors earlier this year,” the letter reads.
“BAC does not accept that any valid sale of the AASA has occurred and rejects any suggestion that the Benalla Auto Club Committee approved, supported, or endorsed such a transaction.
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“The Committee states it was unaware of the purported sale until recent weeks and has serious concerns regarding the circumstances surrounding the alleged transfer.
“As a result, BAC is preparing legal action to protect its interests and those of its members.
“Importantly, BAC wishes to reassure members, competitors, promoters, sponsors, officials, and the broader motorsport community that it remains business as usual for both the Benalla Auto Club and Winton Motor Raceway.
“Motorsport stalwart Jeff Grech has assumed the role of Group CEO. The club continues to own and operate Winton Motor Raceway and its associated facilities, and stakeholders should continue to deal with BAC, AASA, or the Winton Motor Raceway in the usual way.”
Comment has been sought from the new AASA ownership group.
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