Latest news with #ArcherCapital
7NEWS
6 days ago
- Automotive
- 7NEWS
Bike rider fatally hit by bus outside Taronga Zoo remembered as loving dad and motorsport figure
A cyclist who died after being hit by a bus outside a Sydney zoo is being remembered as a loving father of two. New Zealand businessman and motor racing entrepreneur, Tim Miles was on a morning ride with his wife on a cycling track outside Taronga Zoo when he was struck. Paramedics rushed to Bradleys Head Rd in Mosman about 10.35am on Sunday, however, Miles was pronounced dead at the scene. The bus driver was not injured and taken to hospital for mandatory testing. Another four people were onboard the bus at the time of the accident, and none were injured. In a statement, Miles' family said the world had lost a 'bright, shining light'. 'Tim was involved in a tragic and ultimately fatal accident this Sunday morning in Sydney while enjoying one of his favourite hobbies — cycling,' the 50-year-old's family said. 'His loss is keenly felt by friends and family, especially wife, Tracy, and daughters Caley and Erin. 'Tim was a family man, though one who loved nothing more than stressing out his beloved Tracy about his latest motorsport-related purchase or adventure, all the while proudly telling stories of his two daughters' successes in life. Miles' family said he was born in Ashburton on New Zealand's South Island and initially chased his dream as a racing driver, before focusing on the business side of the sport. 'His passing will be notably impactful on his other love — a motorsport community that felt Tim's impact as a competitor, an owner, a supporter and as a businessman for more than 35 years. 'It was through his success in business that allowed him to extend his passion for motorsport and his family, the two of which often intertwined.' Supercars Australia also paid tribute to Miles, who they called a keen racer and 'pivotal figure' in the sport. 'Supercars is saddened to learn of the passing of Tim Miles, an extraordinary figure in Australian motorsport,' the organisation said in a statement. 'As a corporate advisor and former team owner, Tim played a crucial role in shaping the future of Supercars.' The group said Miles was instrumental in the sale of Supercars to Archer Capital in 2011 through his company Miles Advisory Partners. 'In 2021, Tim brokered the sale of Supercars to Racing Australia Consolidated Enterprises Pty Ltd,' it said. 'The proud Kiwi was a regular competitor in Porsche Carrera Cup Australia and GT World Challenge Australia. This year, he was competing with Melbourne Performance Centre and Audi alongside countryman Brendon Leitch.' Miles was previously a co-owner of Triple Eight Race Engineering team, and was also the co-founder of Tasman Motorsport. An investigation into the fatal incident is continuing, and a report will be prepared for the coroner, police said. Anyone with information or any footage of the incident urged to contact crime stoppers.
Otago Daily Times
6 days ago
- Automotive
- Otago Daily Times
South Island-born Supercars figure dies in 'tragic' cycling accident
A well-known Supercars figure from Canterbury died on Sunday after a "tragic and untimely" cycling accident. Tim Miles, who was born in Ashburton, was "an extraordinary figure in Australian motorsport", a keen racer, corporate advisor and former team owner. Tim played a crucial role in shaping the future of Supercars. Through his company, Miles Advisory Partners, he was instrumental in the sale of Supercars to Archer Capital in 2011. In 2021, Tim brokered the sale of Supercars to Racing Australia Consolidated Enterprises Pty Ltd. The proud Kiwi was a regular competitor in Porsche Carrera Cup Australia and GT World Challenge Australia. This year he was competing with Melbourne Performance Centre and Audi alongside countryman Brendon Leitch. Previously, Tim was a co-owner of Triple Eight Race Engineering team, selling his shareholding to Tony Quinn in 2021. He was also co-founder of Tasman Motorsport. A statement on behalf of the Miles family said: "The world has lost the bright, shining light that was Tim Miles. "Tim was involved in a tragic and ultimately fatal accident this (Sunday, 6 July) morning in Sydney while enjoying one of his favourite hobbies - cycling. "His loss is keenly felt by friends and family, especially Wife, Tracy, and daughters Caley and Erin. "Tim was a family man, though one who loved nothing more than stressing out his beloved Tracy about his latest motorsport-related purchase or adventure - all the while proudly telling stories of his two daughters' successes in life. "His passing will be notably impactful on his other love - a motorsport community that felt Tim's impact as a competitor, an owner, a supporter and as a businessman for more than 35 years." Tim initially chased the dream as a racing driver before focusing on business and growing his successful business advisory firm, Miles Advisory Partners. It was his success in business that allowed him to extend his passion for motorsport and his family, the two of which often intertwined. He was noted as a competitor in one-make Porsche racing and GT competition and as a key backer of the international careers of young stars from Australia and New Zealand, including Matt Campbell and Jaxon Evans. He recently realised his dream of competing at the Le Mans 24 Hours, where he ran a tribute livery to longstanding family friend, Rod McElrea. "Tim was a fantastic storyteller, a man with a brilliant sense of humour and who showed genuine interest in the lives of those around him - whether he'd known them for years or just met them. "His loss will be keenly felt by family and friends, the business community in which he worked and the motorsport community in which he lived. "Funeral details will be advised in due course." The Miles family asks for privacy in this time and thanked those who have already reached out in support since Tim's passing. A Supercars statement said: "Supercars extends its deepest condolences to the family, friends and colleagues of Tim Miles, who has sadly passed away. "Tim was an extraordinary figure in Australian motorsport — not just for his work behind the wheel, but for the immense influence he had off the track across more than two decades. "As a corporate advisor and former team owner, Tim played a pivotal role in shaping the future of the sport. Through his company, Miles Advisory Partners, he was instrumental in the sale of Supercars to Archer Capital in 2011 — a landmark transaction that helped transform the championship into the powerhouse it is today. "Our thoughts are with Tim's loved ones during this difficult time. He will be greatly missed by the entire Supercars community.
Otago Daily Times
6 days ago
- Automotive
- Otago Daily Times
'His loss will be keenly felt': Canterbury-born Supercars figure dies in tragic accident
A well-known Supercars figure from Canterbury died on Sunday after a "tragic and ultimately" cycling accident. Tim Miles, who was born in Ashburton, was "an extraordinary figure in Australian motorsport", a keen racer, corporate advisor and former team owner. Tim played a crucial role in shaping the future of Supercars. Through his company, Miles Advisory Partners, he was instrumental in the sale of Supercars to Archer Capital in 2011. In 2021, Tim brokered the sale of Supercars to Racing Australia Consolidated Enterprises Pty Ltd. The proud Kiwi was a regular competitor in Porsche Carrera Cup Australia and GT World Challenge Australia. This year he was competing with Melbourne Performance Centre and Audi alongside countryman Brendon Leitch. Previously, Tim was a co-owner of Triple Eight Race Engineering team, selling his shareholding to Tony Quinn in 2021. He was also co-founder of Tasman Motorsport. A statement on behalf of the Miles family said: "The world has lost the bright, shining light that was Tim Miles. "Tim was involved in a tragic and ultimately fatal accident this (Sunday, 6 July) morning in Sydney while enjoying one of his favourite hobbies - cycling. "His loss is keenly felt by friends and family, especially Wife, Tracy, and daughters Caley and Erin. "Tim was a family man, though one who loved nothing more than stressing out his beloved Tracy about his latest motorsport-related purchase or adventure - all the while proudly telling stories of his two daughters' successes in life. "His passing will be notably impactful on his other love - a motorsport community that felt Tim's impact as a competitor, an owner, a supporter and as a businessman for more than 35 years." Tim initially chased the dream as a racing driver before focusing on business and growing his successful business advisory firm, Miles Advisory Partners. It was his success in business that allowed him to extend his passion for motorsport and his family, the two of which often intertwined. He was noted as a competitor in one-make Porsche racing and GT competition and as a key backer of the international careers of young stars from Australia and New Zealand, including Matt Campbell and Jaxon Evans. He recently realised his dream of competing at the Le Mans 24 Hours, where he ran a tribute livery to longstanding family friend, Rod McElrea. "Tim was a fantastic storyteller, a man with a brilliant sense of humour and who showed genuine interest in the lives of those around him - whether he'd known them for years or just met them. "His loss will be keenly felt by family and friends, the business community in which he worked and the motorsport community in which he lived. "Funeral details will be advised in due course." The Miles family asks for privacy in this time and thanked those who have already reached out in support since Tim's passing. A Supercars statement said: "Supercars extends its deepest condolences to the family, friends and colleagues of Tim Miles, who has sadly passed away. "Tim was an extraordinary figure in Australian motorsport — not just for his work behind the wheel, but for the immense influence he had off the track across more than two decades. "As a corporate advisor and former team owner, Tim played a pivotal role in shaping the future of the sport. Through his company, Miles Advisory Partners, he was instrumental in the sale of Supercars to Archer Capital in 2011 — a landmark transaction that helped transform the championship into the powerhouse it is today. "Our thoughts are with Tim's loved ones during this difficult time. He will be greatly missed by the entire Supercars community.
Otago Daily Times
6 days ago
- Automotive
- Otago Daily Times
'Selflessness' Canterbury-born Supercars figure dies in tragic accident
A well-known Supercars figure from Canterbury died on Sunday after a "tragic and ultimately" cycling accident. Tim Miles, who was born in Ashburton, was "an extraordinary figure in Australian motorsport", a keen racer, corporate advisor and former team owner. Tim played a crucial role in shaping the future of Supercars. Through his company, Miles Advisory Partners, he was instrumental in the sale of Supercars to Archer Capital in 2011. In 2021, Tim brokered the sale of Supercars to Racing Australia Consolidated Enterprises Pty Ltd. The proud Kiwi was a regular competitor in Porsche Carrera Cup Australia and GT World Challenge Australia. This year he was competing with Melbourne Performance Centre and Audi alongside countryman Brendon Leitch. Previously, Tim was a co-owner of Triple Eight Race Engineering team, selling his shareholding to Tony Quinn in 2021. He was also co-founder of Tasman Motorsport. A statement on behalf of the Miles family said: "The world has lost the bright, shining light that was Tim Miles. "Tim was involved in a tragic and ultimately fatal accident this (Sunday, 6 July) morning in Sydney while enjoying one of his favourite hobbies - cycling. "His loss is keenly felt by friends and family, especially Wife, Tracy, and daughters Caley and Erin. "Tim was a family man, though one who loved nothing more than stressing out his beloved Tracy about his latest motorsport-related purchase or adventure - all the while proudly telling stories of his two daughters' successes in life. "His passing will be notably impactful on his other love - a motorsport community that felt Tim's impact as a competitor, an owner, a supporter and as a businessman for more than 35 years." Tim initially chased the dream as a racing driver before focusing on business and growing his successful business advisory firm, Miles Advisory Partners. It was his success in business that allowed him to extend his passion for motorsport and his family, the two of which often intertwined. He was noted as a competitor in one-make Porsche racing and GT competition and as a key backer of the international careers of young stars from Australia and New Zealand, including Matt Campbell and Jaxon Evans. He recently realised his dream of competing at the Le Mans 24 Hours, where he ran a tribute livery to longstanding family friend, Rod McElrea. "Tim was a fantastic storyteller, a man with a brilliant sense of humour and who showed genuine interest in the lives of those around him - whether he'd known them for years or just met them. "His loss will be keenly felt by family and friends, the business community in which he worked and the motorsport community in which he lived. "Funeral details will be advised in due course." The Miles family asks for privacy in this time and thanked those who have already reached out in support since Tim's passing. A Supercars statement said: "Supercars extends its deepest condolences to the family, friends and colleagues of Tim Miles, who has sadly passed away. "Tim was an extraordinary figure in Australian motorsport — not just for his work behind the wheel, but for the immense influence he had off the track across more than two decades. "As a corporate advisor and former team owner, Tim played a pivotal role in shaping the future of the sport. Through his company, Miles Advisory Partners, he was instrumental in the sale of Supercars to Archer Capital in 2011 — a landmark transaction that helped transform the championship into the powerhouse it is today. "Our thoughts are with Tim's loved ones during this difficult time. He will be greatly missed by the entire Supercars community.
