Motorsport

Motorsport agency JMI put up for sale

Motorsports agency Just Marketing International (JMI) has been put up for sale after majority shareholder Spire Capital Partners announced its intention to sell its 60% stake.

Spire, which acquired its 60% stake in the American agency in 2008, does business across Formula One, NASCAR and IndyCar, and reports from the Associated Press reveal that JMI founder and CEO, Zak Brown, informed staff of Spire’s intentions in a letter over the weekend. 

New Jersey F1 race dropped for 2013

Formula One’s commercial rights-holder Bernie Ecclestone has confirmed that the inaugural Grand Prix of America in New Jersey will be postponed until 2014 after preparations fell behind schedule.

The race, which was set to take place alongside the Hudson River, with the New York skyline as a backdrop, had been scheduled in for 16th June. However doubts had been raised over the event in recent months after facing difficulties including the resignation of president Tom Cotter in August who had only been in the role since January. 

F1 staying at Spa for three more years

The Belgian Grand Prix will remain on the Formula 1 calendar for at least another three years after organisers secured a contract to continue hosting the event at a reduced rate.

The rapid expansion of Formula 1 races to new territories around the world has placed pressure on a number of historic but less lucrative European circuits in what is becoming an increasingly squeezed calendar. 

Red Bulls signs as WRC promoter

The World Rally Championship is set to announce Red Bull’s media arm as its new partner, ending its promoter problems, according to Autosport.

This year’s WRC season began in January without a promoter after the International Motorsport Federation (FIA) terminated North One Sport's deal to promote the Championship - claiming the company had breached its contract. 

Ecclestone dismisses Bahrain fears

Bernie Ecclestone, the president and CEO of Formula One Management, has dismissed fears about staging the Bahrain Grand Prix next month.

Last year's race was cancelled because of civil unrest in the country, but Ecclestone has no fears that the situation will be repeated this year - and insists he has no concerns over security.

'It's business as usual,' he told the BBC. 'I don't need any personal security but I'm sure whatever's necessary will be looked after.'

Lotus F1 lands joint sponsorship deal

Rexona and CLEAR, two of the world¹s biggest personal care brands, have signed a joint sponsorship deal with the Lotus F1 Team.

Formerly known as Lotus Renault GP, the Lotus F1 team has secured the services of 2007 world champion Kimi Räikkönen for the upcoming Formula 1 season, alongside Romain Grosjean (pictured). The addition of the two Unilever brands to its sponsorship portfolio is another boost ahead of the start of its 2012 campaign, with the car launched this weekend.

Michael Johnson signs with Williams F1

The Williams Formula One team has announced a new partnership with Michael Johnson Performance Inc (MJP), the company founded by Olympic legend Michael Johnson. 

MJP, which focuses on training top level athletes in all sports, will provide an intensive training programme for the team’s pit crew personnel as well as conducting an evaluation of the team’s training regime.

The partnership will see the MJP logo displayed on the sleeves of driver and team overalls, personnel uniform and across the team.

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