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.
Oct 31, 2014, 3:00 PM EDT
Chase competitors Kevin Harvick and points leader Jeff Gordon crack the Top 5 speeds.
Oct 31, 2014, 2:45 PM EDT
Can Lewis Hamilton double up in the second practice session in Austin? Join us from 3p ET to find out.
Oct 31, 2014, 2:15 PM EDT
Kenseth says the only way he’d feel a little better about it is if Harvick manages to make the Championship Race.
Oct 31, 2014, 2:03 PM EDT
FIA confirms that the German driver has taken a sixth complete power unit, and will have to start the race from the pit lane at COTA.
Oct 31, 2014, 1:15 PM EDT
Ford drivers take the top three spots in opening Nationwide practice.
Oct 31, 2014, 1:00 PM EDT
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Oct 31, 2014, 12:31 PM EDT
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Oct 31, 2014, 12:14 PM EDT
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Oct 31, 2014, 12:00 PM EDT
Red Bull takes you behind-the-scenes in the lead-up to this weekend’s United States Grand Prix in Austin, Texas.
Oct 31, 2014, 11:55 AM EDT
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Oct 31, 2014, 11:21 AM EDT
Mario Andretti takes time out of a busy schedule for fan Q&A for Circuit of the Americas.
Oct 31, 2014, 11:00 AM EDT
Adriana Henao is running to raise money for actor Sean Penn’s J/P Haitian Relief Organization and The Long Run to Haiti.
Oct 31, 2014, 10:45 AM EDT
Watch first practice from COTA live on Live Extra from 11a ET today.
Oct 31, 2014, 10:00 AM EDT
Former Sprint Cup veteran will bring his OneMain Financial sponsorship with him.
Oct 31, 2014, 9:45 AM EDT
After just one year in F1, Kvyat will be replacing four-time world champion Sebastian Vettel at Red Bull next season. Not bad going!
Oct 31, 2014, 9:30 AM EDT
Extreme Speed takes its HPDs to Shanghai for the FIA WEC race.
Oct 30, 2014, 8:00 PM EDT
Romain Grosjean can opt out of Lotus at year’s end if he so desires.
Oct 30, 2014, 6:39 PM EDT
Johnny Sauter was fastest in both NASCAR Camping World Truck Series practices Thursday afternoon at Texas Motor Speedway.
Video from NASCAR America
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