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Nürburgring Sold To Motorsport Industry Supplier Capricorn Group For $139M

Germany's Nürburgring "has been sold" to motorsport industry supplier Capricorn Group for more than €100M ($139M), ending a months-long search to find new owners for the world's longest racetrack, according to Alexander Hübner of REUTERS. Capricorn's offer "beat out a rival bid" from buyout firm H.I.G Capital. Nürburgring Administrator Jens Lieser said, "It was a close decision." The deal included a pledge to invest around €25M "to expand the facilities" around the Nürburgring. The assets acquired by Capricorn include an amusement park and two racetracks: a modern 5.1k F1 circuit and the Nordschleife, a "treacherous" 20.8km track first built in '27, which is "now used by the auto industry to hone vehicle dynamics for passenger cars" (REUTERS, 3/11).

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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