Menu
Finance

IMG Owner Eyes Formula One As CVC Revs Up Options

A major shareholder in one of the world's biggest talent management groups "is exploring the purchase of a stake" in F1, according to Mark Kleinman of SKY NEWS. Silver Lake, which owns WME-IMG, is in early-stage talks with CVC Capital Partners about a deal that would involve it acquiring a "substantial" interest in F1's parent company. The discussions with Silver Lake "are not exclusive, and are being pursued in parallel with talks between CVC and a number of other, unidentified parties." Silver Lake, which is focused on investing in technology companies, "is best-known for its holdings in Alibaba, the Chinese Internet giant, and Dell, the personal computing group." Insiders suggested that "a deal could involve Silver Lake either buying out some of F1's minority shareholders or acquiring pro rata interests from all of the sport's investors." CVC, which took control of F1 more than a decade ago, "has been exploring for some time a range of opportunities to structure a deal that could either increase or dilute its roughly 35% stake in the sport." While CVC has no short-term plan to replace F1 CEO Bernie Ecclestone, "it is preparing to recruit a team of senior commercial, marketing and sponsorship executives to work alongside him." A deal in '12 placed an enterprise value on the sport of $9.1B, "which is higher than the valuation that more recent discussions have attributed to F1" (SKY, 5/24).

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/2016/05/25/Finance/IMG-F1.aspx

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

https://www.sportsbusinessjournal.com/Global/Issues/2016/05/25/Finance/IMG-F1.aspx

CLOSE