Oct 25, 2013, 1:00 PM EDT
Big, big business of racing news went down today with the news Zak Brown’s Just Marketing International, JMI for short, has been acquired by London’s Chime Communications PLC. Brown and Lord Coe, Executive Chairman of CSM Sport & Entertainment, announced the deal.
For Chime, it marks its first entry into the U.S. market. JMI will be a wholly-owned subsidiary of Chime. No financial details were identified in the official JMI release, but a report out of the U.K. by Sky News estimates that Chime will be paying around £50m for JMI in a deal that will involve placing roughly £25m of new shares with leading City investors.
Brown will still stay head of JMI, head of its new motorsport division and has been named Global Head of Business Development within CSM Sport & Entertainment.
A video explaining the deal is linked here, via the JMI website. Some of JMI’s clients include Farmers Insurance and Verizon; they had got Diageo and its brands into racing as well, and Brown is considered one of racing’s top business movers and shakers.
Sep 19, 2014, 1:45 PM EDT
German driver rallies to finish in the top five in both sessions despite an engine failure.
Sep 19, 2014, 1:30 PM EDT
Already in the Contender Round for the Chase, Keselowski gets his weekend at New Hampshire off to a good start.
Sep 19, 2014, 1:00 PM EDT
German driver feeling comfortable ahead of qualifying in Singapore tomorrow.
Sep 19, 2014, 12:43 PM EDT
IndyCars get their first postseason running with Firestone tire test next week.
Sep 19, 2014, 12:30 PM EDT
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Sep 19, 2014, 12:00 PM EDT
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Sep 19, 2014, 11:30 AM EDT
One of the most controversial F1 rulings in history could be scrapped after just one season.
Sep 19, 2014, 11:03 AM EDT
A red flag for Pastor Maldonado stops Nico Rosberg from posting a quick lap time, forcing him to settle for P12 at the finish.
Sep 19, 2014, 10:53 AM EDT
Belardi Auto Racing confirms its first Indy Lights driver for 2015.
Sep 19, 2014, 9:15 AM EDT
Can Fernando Alonso double up to top FP2? Or will Mercedes rise to the top as night falls in Singapore?
Sep 19, 2014, 8:30 AM EDT
Who will star under the lights in Singapore? The MST writing team has its say.
Sep 19, 2014, 8:00 AM EDT
Will Buxton brings you the latest news and interviews from the paddock in Singapore.
Sep 19, 2014, 7:33 AM EDT
First blood goes to Ferrari in Singapore as Vettel and Vergne hit trouble.
Sep 19, 2014, 6:30 AM EDT
Teams put pressure on F1’s governing body to perform u-turn on the planned radio limits.
Sep 19, 2014, 5:45 AM EDT
FP1 offers the first chance for drivers to get to grips with the Marina Bay Street Circuit in the 2014 cars. Watch live on Live Extra from 6am ET.
Sep 18, 2014, 9:21 PM EDT
While Boris Said was getting ready for this weekend’s IMSA Tudor Championship event at Circuit of the America’s in Austin, Texas, it’s noteworthy to mention that Thursday was his 52nd birthday.
Sep 18, 2014, 9:02 PM EDT
Michael Waltrip took a big step when he agreed to compete on Season 19 of “Dancing With the Stars.” Now, Waltrip has gone and put his foot in his mouth by trying to kick Dale Earnhardt Jr. in the behind, so to speak.
Sep 18, 2014, 8:15 PM EDT
Given how important – and potentially how wild – the ninth and next-to-last race of the Chase for the Sprint Cup will be, Phoenix International Raceway is calling in some extra muscle for drivers who may potentially get out of hand.
Sep 18, 2014, 7:04 PM EDT
Owning a NASCAR team is like being a contestant on Wheel of Fortune, they both answer to “Big money, big money.”
Sep 18, 2014, 6:29 PM EDT
New Hampshire is one of four New England states to host a NASCAR event and is huge to the racing community in the area. Having four tracks that far North allowed the sport to grow from its southern roots.
Video from NASCAR America
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