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.
Apr 19, 2014, 7:25 PM EDT
In a just-released video interview, 2012 Sprint Cup champion Brad Keselowski – looking perhaps as somber as we’ve ever seen him, at times seemingly ready to break into tears – discusses how heartbroken, if not potentially betrayed he felt in 2009 when team owner Rick Hendrick picked Mark Martin to drive the No. 5 Chevrolet instead of giving Keselowski the opportunity, even though Bad Brad insists Hendrick had previously promised him that ride in 2010.
Apr 19, 2014, 4:30 PM EDT
The former Red Bull F1 competitor will start sixth on tomorrow’s grid at Silverstone.
Apr 19, 2014, 3:30 PM EDT
If it has wheels and tires, it typically can be raced down a dragstrip. But take a pickup truck, throw in a high-power diesel engine in it, and you have a rolling battering ram that will take down anything in its path – even guard rails that are supposed to prevent that very thing from happening.
Apr 19, 2014, 3:20 PM EDT
The former GP2 competitors qualify up the grid in their respective classes for tomorrow’s WEC opener at Silverstone.
Apr 19, 2014, 3:03 PM EDT
While we don’t condone street racing whatsoever, the video below is one of the best we’ve seen in a long time. Even better, it’s more of parking lot racing, with radio controlled cars burning up the asphalt and concrete — so no actual humans, animals or real-life vehicles were put in jeopardy. An added bonus is this is an outstanding homage to the Fast & Furious series, with particular emphasis on actor Paul Walker, who was killed last December in a tragic street racing crash.
Apr 19, 2014, 1:00 PM EDT
If the Indianapolis Motor Speedway isn’t *the* coolest place to hold an Easter egg hunt, we figure it’s at least one of them.
Apr 19, 2014, 12:13 PM EDT
The future of Swan Racing in Sprint Cup racing is not looking good.
Apr 19, 2014, 10:30 AM EDT
Toyota takes the pole for Sunday’s FIA WEC opener in Silverstone.
Apr 19, 2014, 10:09 AM EDT
Couple new sponsors for GTD team within TUDOR Championship.
Apr 19, 2014, 7:45 AM EDT
All smiles for Daniel after qualifying for the Chinese Grand Prix.
Apr 19, 2014, 7:00 AM EDT
Massa and Bottas both make the top 10 despite wet conditions playing against them.
Apr 19, 2014, 6:00 AM EDT
Jim Clark’s record that has stood since 1968 has now been broken by Hamilton in China.
Apr 19, 2014, 1:45 AM EDT
Could Fernando Alonso or Sebastian Vettel take advantage of the wet track to snatch pole position?
Apr 19, 2014, 12:45 AM EDT
Report reveals that Red Bull failed to supply accurate data, and what was supplied actually undermined the team’s argument.
Apr 19, 2014, 12:02 AM EDT
Red Bull driver fastest in a quiet final session ahead of qualifying later today.
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