Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

Finance

F1 Boss Bernie Ecclestone Sees New Opportunity For IPO Later This Year

F1 CEO Bernie Ecclestone said that the sport's postponed flotation "could be re-launched later this year," according to Alan Baldwin of REUTERS. Ecclestone: "Last year I thought that the markets were not ready, but now it is getting more likely that there is an opportunity. In the next three months or so somebody will have to decide yes or no." The owners of F1 had been preparing a $3B IPO in Singapore last June but "decided to hold off as global markets tumbled and investor mood soured after Facebook's plunge in value following its flotation." Private equity firm CVC, the sport's "largest shareholder," has a stake of around 35.5%. Some 30% of the business is owned by investment groups Blackrock, Waddell & Reed, Norges Bank and the Texas Teachers' pension fund (REUTERS, 3/13).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2013/03/14/Finance/IPO-F1.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2013/03/14/Finance/IPO-F1.aspx

CLOSE