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.
Jul 6, 2015, 9:04 PM EDT
Degree of continuity at Coyne, as Mann and Vautier confirmed for next two short ovals.
Jul 6, 2015, 5:00 PM EDT
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Jul 6, 2015, 4:04 PM EDT
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Jul 6, 2015, 1:14 PM EDT
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Jul 6, 2015, 11:19 AM EDT
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Jul 6, 2015, 10:00 AM EDT
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Jul 6, 2015, 9:00 AM EDT
The British driver sends the home crowd into raptures with his third Silverstone victory.
Jul 6, 2015, 8:30 AM EDT
After the latest Red Bull GRC round, we catch up with NBC Sports Group motorsports analyst Townsend Bell for a special Red Bull GRC installment of “Ten with Townsend.”
Jul 6, 2015, 8:00 AM EDT
Luke Smith gets a little patriotic following his home grand prix, explaining why F1 could stand to be a little more British in its mentality.
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Jul 5, 2015, 9:53 PM EDT
Doug Kalitta (Top Fuel), Jack Beckman (Funny Car), Greg Anderson (Pro Stock) and Karen Stoffer (Pro Stock Motorcycle) took home wins in Sunday’s NHRA race in Norwalk, Ohio.
Jul 5, 2015, 6:00 PM EDT
Block wins at MCAS New River, Round 4 of the Red Bull GRC season.
Jul 5, 2015, 4:00 PM EDT
Before NASCAR resumes on NBC from Daytona, see Red Bull GRC pick up its season from its first race after Daytona, at MCAS New River.
Jul 5, 2015, 3:06 PM EDT
Will Buxton brings you all of the post-race interviews and analysis at Silverstone.
Jul 5, 2015, 2:00 PM EDT
Roberto Merhi and Will Stevens finish 12th and 13th at Manor’s home race.
Jul 5, 2015, 1:30 PM EDT
Brazilian driver forced to settle for fourth place at Silverstone on Sunday.
Jul 5, 2015, 1:00 PM EDT
Issue on the Renault power unit forces Ricciardo out of the race at Silverstone.
Jul 5, 2015, 12:00 PM EDT
Could today have marked Valtteri Bottas’ first victory in Formula 1?
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