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Canadian GP In Talks With F1 About 10-Year Extension For Montreal Race Until '2406 / 18 / 13Canadian F1 Grand Prix promoter Francois Dumontier said that "the race is negotiating a new ten-year contract extension," according to ESPN. The Montreal race's "agreement ends next year," yet talks between F1 Management -- led by CEO Bernie Ecclestone -- and the different levels of government "bega... |
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ESPN, OmnicomMediaGroup Publish Study
A new online research study, conducted by OmnicomMediaGroup and ESPN, has revealed that Latin American sports fans have changed their daily media consumption and sports information-gathering routines due to advances in technology which allow for multiplatform, simultaneous access to devices like com ...
Tags: Media, North America
Ryder Cup Gets First Global Sponsor
Standard Life Investments "has agreed to be the Ryder Cup’s initial worldwide partner," according to Michael Smith of SPORTSBUSINESS JOURNAL. The Edinburgh, Scotland-based investment house becomes the first company to acquire rights to Ryder Cups on both sides of the Atlantic. Until the PGA of ...
Ecclestone Confirms Mexican GP Talks
F1 CEO Bernie Ecclestone "has confirmed that he is in talks about holding a Grand Prix in Mexico City" in '14, according to Christian Sylt of AUTOWEEK. The race "would take place at Mexico City’s Autódromo Hermanos Rodriguez, which last hosted an F1 race in 1992 and needs a multi-millio ...
Bank Being Sought To Handle IMG Sale
Private equity firm Forstmann Little & Co. has "decided to put its sports and modeling talent agency IMG up for sale and is in the process of picking an investment bank to lead the effort,” according to sources cited by Damouni & Kim of REUTERS. Sources said that the decision to shop I ...
Tags: Finance, North America
CONCACAF, MillerCoors Agree To Deal
MillerCoors and CONCACAF announced a multi-year agreement, extending their long-standing partnership. Miller Lite will be the global exclusive beer sponsor of the 2013 Gold Cup. Miller Lite has sponsored the tournament since '05. The brand is also the exclusive U.S. sponsor of the confederation's cl ...
NBA All-Star Game Shows Int'l Growth
The success of the NBA’s efforts "to turn the league into a global brand was apparent this weekend" as more than 312 int'l media members from 46 countries traveled to Houston to cover the NBA All-Star weekend, according to Alicia Jessop of FORBES. NBA Senior VP for Int'l Media Distribution M ...
Sponsors Rethink Deals With Pistorius
The sponsors that helped make sprinter OSCAR PISTORIUS the highest profile and highest paid Paralympic athlete in the world are now "having to rethink their commitment to the sportsman" after he was charged with murdering his girlfriend REEVA STEENKAMP on Thursday, according to Vanessa Kortekaas ...
John Henry Denies Distraction Rumors
MLB Boston Red Sox & Liverpool FC Owner John Henry insists that "owning Liverpool is no distraction but admits there are concerns" in the U.S. about his involvement at Anfield, according to Dominic King of the London DAILY MAIL. Liverpool’s principal owner "has come under fire" for the way ...
Tags: Franchises, United Kingdom, North America
JP Morgan Upgrades Nike To Overweight
JP Morgan Monday upgraded shares of Nike “to overweight, giving the stock a boost in a down market,” according to CNBC's Scott Wapner. Baker Ave Asset Management CEO Simon Baker said Nike has a “multiyear product line ahead of it,” $2-3B in “free cash flow” and th ...
Tags: Finance, North America
NBC Expects To Profit From Sochi Games
NBC expects the ‘14 Sochi Games to be profitable, a marked reversal from the $223M loss from the '10 Vancouver Games reported by former network owner GE. Speaking during a press conference Tuesday, NBC Sports Group Chair Mark Lazarus said Olympic advertising sales are "pacing extremely well." ...
Tags: Media, North America
