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SBD/May 14, 2013/Leagues and Governing Bodies
Zak Brown Rejects Offer To Become IndyCar CEO; Series Adds Exec Derrick Walker
Published May 14, 2013
JMI SALE MOVING FORWARD: Brown this morning said he remains committed to JMI and added that Spire Capital Partners' sale of its controlling interest in the agency is moving forward as planned. Spire hired Rothschild Group to handle the sale. The bank has met with holding companies and private equity groups to gauge their interest in acquiring Spire's 50% stake in the motorsports agency. Brown said, "It’s likely JMI will have a new partner in the future. The prospects for the company and its future partners look really good.” Brown said the reason he chose to stick with JMI rather than pursue an option to become IndyCar CEO is because JMI still gets him "excited." Brown added, "All the reasons I’ve done it the last 18 years are all the reasons I want to keep doing it. Post-Spire there will be new exciting challenges for me, and that keeps me really interested" (Tripp Mickle, Staff Writer).