Menu
Leagues and Governing Bodies

Silverstone Managing Director Richard Phillips Ousted In Boardroom Coup

Silverstone Managing Dir Richard Phillips "has been sidelined in a boardroom coup as the British Racing Drivers’ Club take back the running of Britain’s most famous motor racing circuit," according to Kevin Eason of the LONDON TIMES. Months of uncertainty "came to a climax when Phillips was suspended along with two other directors: Ed Brookes, finance director, and David Thompson, in charge of legal affairs." Drivers' club BRDC Chair John Grant and director and entrepreneur Lawrence Tomlinson "have taken over as acting chief executives of the holding company that runs the Silverstone circuit." Although the club was painting the suspensions as “coincidental to a restructuring” exercise, it is only months since the executive team attempted a management buyout of Silverstone Circuits Ltd. A statement said, “Having reviewed the Silverstone business, [the BRDC] have embarked on an exciting programme of restructuring to make the business more streamlined, concentrating on their core competencies as a circuit operator and the home of the British Grand Prix.” It is thought that the "crushing fees" charged by F1 CEO Bernie Ecclestone for the British Grand Prix "have concentrated minds and led to the clear-out." Ecclestone is understood to have charged about £15M ($24M) to stage this year’s race and, "even with 120,000 fans attending on raceday, ticket sales only barely cover the fee" (LONDON TIMES, 10/21).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

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/2014/10/22/Leagues-and-Governing-Bodies/Silverstone.aspx

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

https://www.sportsbusinessjournal.com/Global/Issues/2014/10/22/Leagues-and-Governing-Bodies/Silverstone.aspx

CLOSE