GMF CAPITAL ACQUIRES MOTORSPORT NETWORK MEDIA LLC

Published: Jun. 28, 2023 at 8:00 AM CDT

GMF Media to have Controlling Majority Stake in the World’s Largest Motorsport Racing and Automotive Digital Platform

NEW YORK, June 28, 2023 /PRNewswire/ — GMF Capital (GMF), the family office for Gary Fegel and a leading private investment firm, today announced it has completed the acquisition of Motorsport Network Media LLC (MSNM), a global digital media platform in motorsport and automotive, for an undisclosed sum.

GMF Capital
GMF Capital(PRNewswire)

The terms of the acquisition include GMF Media, an affiliate of GMF Capital, acquiring the controlling majority stake in MSNM, with an option to buy the remaining minority interest at a later date.

MSNM, with 40 million-plus monthly users and an active social media community of more than 15 million followers, is the world’s largest independent motorsport racing and automotive media platform.

Overall, the nearly 50 flagship motorsport racing and automotive digital properties now under GMF control include racing brands such as Motorsport.com, Autosport, Motorsport-Total, and GPOne, as well as automotive industry brands such as Motor1.com and InsideEVs.com.

The deal also includes the Motorsport Network brand name, as well as Motorsport.tv, the leading video platform for live and on demand streaming, and the Autosport Awards, the world’s premier motorsport racing annual awards ceremony.

“We are excited to acquire Motorsport Network Media’s impressive, world-class portfolio of media assets, which are primed for significant growth with the surging popularity of motorsport, particularly Formula 1, in the US and internationally,” said Gary Fegel, Founder and Principal of GMF Capital. “We will leverage the brands’ market-leading position across the motorsport and automotive industries and push the business to the center of fandom. Our acquisition will allow the business to aggressively pursue new growth opportunities, which will benefit employees, advertisers, partners, and tens of millions of users worldwide.”

The acquisition is the first for GMF in the sports, automotive and media categories. Since its inception in 2013, GMF Capital and its affiliates have invested more than $5.5 billion primarily in the areas of private equity, real estate, and alternative investments.

“Today’s announcement marks the next exciting chapter for Motorsport Network and our leading media business,” said James Allen, President of the Motorsport Network. “We have had significant acquisition interest in our media assets over the years but found in GMF Capital a buyer that truly values ​​what we have built and shares our vision for the future. The media franchise has continued strong performance, and we believe it will thrive under GMF Capital’s direction.”

About GMF Capital

GMF Capital was established by Gary Fegel in 2013 as a single-family office to invest capital on behalf of himself, his family and like-minded investors. Since its inception, and with offices in New York City and SwitzerlandGMF Capital and its affiliates have invested more than $5.5 billion primarily in the areas of private equity, real estate, and alternative investments. Prior to founding GMF Capital, Fegel was a Senior Partner at Glencore Plc, one of the world’s largest commodity trading and mining companies.

For additional information about GMF Capital, please visit www.gmfcapital.com.

Advisors
Arnold & Porter Kaye Scholer LLP served as legal counsel to GMF Capital. Snell & Wilmer LLP served as legal counsel to Motorsport Network LLC.

Media Contacts:

For GMF Capital:
[email protected]
[email protected]

For Motorsport Network:
[email protected]

View original content to download multimedia:

SOURCE GMF CAPITAL

The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc.

Leave a Comment

Your email address will not be published. Required fields are marked *

https://scatterhitam-slot.com powergaming88 powergaming88 powergaming88 powergaming88 powergaming88 powergaming88 powergaming88 slot thailand https://pariamantimur.pariamankota.go.id/assets/ https://sipatudia.bpsdm.sumbarprov.go.id/assets/mahjong/ slot jepang http://46.250.237.148:8005/ http://simokata.tabanankab.go.id/dist/img/thailand/ scatter hitam slot thailand link slot thailand 777 slot powergaming88 slot luar negeri slot gacor maxwin slot gacor hari ini slot gacor terbaru mahjong ways 2 slot thailand jp slot slot bni slot bri slot bsi slot danamon slot gopay slot server korea slot malaysia slot amerika slot rusia fan tan monopoly live lightning roulette mega ball sweet bonanza candyland mega sic bo mega baccarat andar bahar sbobet88 ktm303 slot dubai slot qris powergaming88 Slot Thailand Slot Zeus Pg Soft Starlight Princess Slot Gacor Maxwin Joker123 Sv388 Slot Thailand Slot Thailand Slot Qris slot thailand joker123 mahjong ways 2 888slot slot thailand slot88 sweet bonanza slot jepang slot thailand slot mahjong ways slot qris slot deposit dana slot dana nolimit city slot thailand sv388 slot888 slot kamboja http://labse.ce.undip.ac.id/sejarah/gacorx/ Slot Thailand Starlight Princess Mahjong Ways 2 Slot Maxwin slot thailand akun pro kamboja slot filipina joker123 slot zeus slot88 slot thailand slot mahjong slot megaways NEW SLOT POLA GACOR Slot Server Luar https://mandiri-gacor.angkolatimur.tapselkab.go.id/ jp slot slot ganas https://cheat-gacor.angkolatimur.tapselkab.go.id/ crazy time live slot qris https://sqris.angkolatimur.tapselkab.go.id/ slot akurat slot bca slot bni qris https://pragmaticplay.dharmasatyasarana.co.id/ https://dana.sidamaju.skom.id/ https://joker123.putramuko.co.id/ https://akun-pro-rusia.mariyadl.sch.id/ slot zeus server thailand server hongkong slot ovo slot gopay slot linkaja joker123 nolimit city sv388 starlight princess mahjong ways pg slot slot zeus sv388 idn slot https://joker123.elearningmansatuokit.sch.id/ slot server thailand slot thailand https://slot-thailand.itr.ac.id/ https://pn-watansoppeng.go.id/media/jui/server-thailand/ https://dinkes.hsu.go.id/wp-content/uploads/server-thailand/ ladangtoto nolimit city koi gate sicbo online roulette online lice casino live22 baccarat online nolimit city slot ovo slot gopay pragmati play starlight princess slot pg soft slot mahjong slot zeus sv388 digmaan slot mania slot zeus slot thailand server thailand ying77 slot thailand judi bola live casino sv388 pg soft slot dana mahjong ways slot mania slot x500 ladangtoto slot server kamboja digmaan digmaan slot88 scv388 sabung ayam online slot live casino sicbo online live casino online slot thailand ladangtoto sv388 ladangtoto powergaming88 66kbet powergaming88 slot thailand ladangtoto slot thailand server thailand slot thailand slot thailand slot thailand slot gacor ladangtoto2 ying77 bet server thailand slot thailand ying77 slot88 ladangtoto ladangtoto slot maxwin sv388 sv388 slot gacor 66k bet slot dana sabung ayam inline slot mahjong slot toto slot server thailand slot gacor slot server thailand slot gacor slot thailand situs slot wwg slot slot daftar judi slot online indonesia slot gacor slot mawin slot gacor slot thailand slot gacor slot gacor demo slot pragmatic sv388 slot88 pgsoft Daftar Judi Slot Online Indonesia Paling Gacor di Indonesia Daftar Situs Judi Slot Online SLOT88 lucky neko slot gacor slot88 slot kakek slot maxwin slot thailand Slot Mahjong Ways 2 Mudah Jackpot Paus di PG Soft Hari ini 2023 Lucky Neko Situs Slot Gacor Pgsoft Hari Ini SITUS SABUNG AYAM SV388 ONLINE DAFTAR LINK LOGIN APK AGEN SV388
Scroll to Top