Motorsports marketing guru Zak Brown believes selling about a fourth of his business to a London-based company will help fuel his phenomenal growth in the sponsorship business of Europe’s Formula One racing.
India-based JPSK Sports Private Ltd. hired JMI to provide strategic consulting for the venue that will host the inaugural
Formula One Indian Grand Prix in 2011.
Formula One, which hasn’t conducted a U.S. race since 2007 in Indianapolis, plans to return to the United States in 2012 with
an event at a new track in Austin, Texas.
Tony George, who was Indianapolis Motor Speedway and Indy Racing League chairman until last June, was in China for several
days this month to
attend F1’s Chinese Grand Prix in Shanghai April 18 at the invitation of F1 boss Bernie Ecclestone.
Bernie Ecclestone appears to be interested in widening the racing series' reach in the U.S., with recent negotiations
to return to Indianapolis and now wishing aloud for a New York-based grand prix.
Officials from the Indianapolis Motor Speedway and Formula One say they’re in discussions to bring a Formula One race back
to the
city. F1 left the city in 2007 after an eight-year run.
A decision by a startup Formula One team to set up shop in Charlotte, N.C., is fueling debate over whether Indianapolis still
is the self-proclaimed "motorsports capital of the world."
