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Leagues and Governing Bodies

Formula E's $3.3M Budget Cap Attracts Top IndyCar Team To Join Newly Found Series

Formula E CEO Alejandro Agag said the racing series will impose a $3.3M budget cap on teams, according to Christian Sylt of AUTOWEEK. One of the top IndyCar teams "will be unveiled as a Formula E entrant by the end of the summer along with several based in the U.K." Agag: "We have a €2.5M ($3.3M) cap on the operating budget of the team -- anything spent on racing except the car. The chassis is almost spec but not the powertrain. It is not a chassis competition, it is an electric power competition. The manufacturers are calling us and saying we want to meet you so that you can explain to us how we can be part of it." He added, "There are now 18 teams in the pipeline and we are going to announce more before the end of the summer" (AUTOWEEK, 7/13).

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.

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