About The Author

SportsBusiness Journal Staff Writer Tripp Mickle

Tripp Mickle

Tripp Mickle covers motorsports, action sports and the Olympics for SportsBusiness Journal/Daily.

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ISC Revenue Increases Despite Rain At Daytona, Sponsorships To Sell

04 / 08 / 14

Despite rain delaying this year's Daytona 500, ISC saw an increase in Q1 revenue from a year ago. Revenue rose to $131.8M for the quarter from $128.6M over the same period a year ago. Ticket revenue was flat at $30M, but revenue from sponsorships and TV rights rose slightly to $85.2M and food, bever...

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12/17/13
WME Nears Deal To Acquire IMG

Silver Lake Partners and William Morris Endeavor are close to finalizing a deal for IMG. The partners today entered final negotiations with the banks and trustees selling the Forstmann Little-owned company. The IMG board is expected to vote on the offer today. A source valued their offer for IMG at ...

12/15/13
IMG Bidding Process Enters Final Stage

The three final bidders for IMG submitted binding offers for the company on Friday, pushing the company's sales process into its final stage. Sources familiar with the process said Forstmann Little trustees and bankers with Evercore and Morgan Stanley are evaluating offers from three groups: CVC Cap ...

12/13/13
Sale Of IMG Moving Into Final Stage

The sale of IMG moves into its final phase today when Forstmann Little collects binding bids from the three remaining bidders. The three finalists include: CVC Capital and Peter Chernin ’s Chernin Group; Silver Lake Capital and William Morris Endeavor; Carlyle Group and ICM Partners. Bin ...

12/11/13
NASCAR Hires Brent Dewar As COO

NASCAR named longtime General Motors exec BRENT DEWAR as COO. Dewar will oversee the commercial side of NASCAR and report to CEO & Chair BRIAN FRANCE . CMO STEVE PHELPS , VP/Strategic Development ERIC NYQUIST , VP/Broadcasting & Production STEVE HERBST and other senior leaders wi ...

Tags: People and Pop Culture, NASCAR

12/04/13
IndyCar Series Shifts May Programming To ABC

The IndyCar Series is shifting all of its race programming in the month of May, when it holds the Indianapolis 500, to ABC in '14. The series worked out a deal to shift qualifying from NBC Sports to ABC/ESPN this year. ABC will show the series’ new road course race at Indianapolis Motor Speed ...

Tags: IndyCar, ABC, Media

12/03/13
IndyCar Shifts More Programming To ABC

The IndyCar Series is shifting all of its race programming in the month of May, when it holds the Indianapolis 500, to ABC in '14. The series worked out a deal to shift qualifying from NBC Sports to ABC/ESPN this year. ABC will show the series’ new road course race at Indianapolis Motor Speedw ...

11/22/13
KKR Withdraws IMG Bid

KKR has withdrawn its bid to buy IMG, reducing the total number of bidders for the company to three. Sources familiar with the process said the three finalists are the Carlyle Group; a consortium led by CVC Capital Partners and former News Corp. exec Peter Chernin; and a joint bid from William Morri ...

Tags: Finance, IMG

11/05/13
AutoZone To Sponsor Penske Racing

Penske Racing today announced a multiyear associate-level sponsorship with AutoZone. The auto parts retailer will be featured on the No. 22 NASCAR Sprint Cup Series car driven by Joey Logano . It will kick off its sponsorship this weekend at Phoenix Int’l Raceway as the primary sponsor of Pen ...

10/25/13
U.K.-Based Chime Acquires JMI For $76M

London-based Chime Communications today announced a $76M acquisition of Just Marketing Int'l, the Indianapolis-based motorsports marketing agency. The deal is the largest sports-related acquisition Chime has made since creating a sports subsidiary, CSM Sports & Entertainment, in '07. JMI is CSM' ...

10/24/13
Citi Brings Back "Every Step Of The Way"

Citi today announced its “Every Step of the Way” program will return as a centerpiece of its marketing for the '14 Sochi Games. The bank donated $500,000 to the USOC that will be directed to sports programs across the country. The company signed nine Olympians and Olympic hopefuls who h ...

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