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QUICK HITS

• The NBA London Game 2019 will feature a regular-season game between the Washington Wizards and the New York Knicks in The O2 on Thursday, Jan. 17. Marketing partners include Foot Locker, Gatorade, Nike, SAP and Tissot, with additional partners to be unveiled in the coming months.

• The Denver Broncos home field is getting a temporary name change to Broncos Stadium at Mile High. It had been Sports Authority Field at Mile High, but the national sporting goods retailer, which had been based in Englewood, Col., ceased operations in July 2016. A search for a more permanent naming rights holder is currently underway.

• Per AP Sports: Burger King in Russia ran a promotion on social media offering a lifetime supply of Whoppers to any women who become pregnant by World Cup players. The offer was then deleted, In a statement Wednesday to AP, Burger King said, “We are sorry about the clearly offensive promotion that the team in Russia launched online. (It) does not reflect our brand or our values and we are taking steps to ensure this type of activity does not happen again.”

• The PGA TOUR has signed a deal with Facebook to distribute exclusive Saturday and Sunday live competition coverage, on a free basis, from eight tournaments leading into the FedExCup Playoffs for the 2017-18 season. Airing on Facebook Watch in the U.S., coverage begins at the Travelers Championship on June 23-24. Other events in 2018 include: Quicken Loans National; A Military Tribute at The Greenbrier; John Deere Classic; RBC Canadian Open; World Golf Championships-Bridgestone Invitational; Wyndham Championship; and The Northern Trust.

KEEPING SCORE

MLB has released the leaders by position for the 2018 All-Star Game (as of June 19), with voting sponsored by Camping World. (Voting ends July 5 at 11:59 PM ET.)

American League: 1B José Abreu (Chicago White Sox), 2B José Altuve (Houston Astros), SS Manny Machado (Baltimore Orioles), 3B  José Ramirez (Cleveland Indians); OF Mike Trout (Los Angeles Angels). Aaron Judge (New York Yankees), Mookie Betts (Boston Red Sox); Wilson Ramos (Tampa Bay Rays), Gary Sanchez (New York Yankees); DH Victor Martinez (Detroit Tigers).

National League: 1B Freddie Freeman (Atlanta Braves), 2B Ozhaino Albies (Atlanta Braves), SS Brandon Crawford (San Francisco Giants), 3B Nolan Arenado (Colorado Rockies); OF Matt Kemp (Los Angeles Dodgers), Nick Markakis (Atlanta Braves), Bryce Harper (Washington Nationals); C Wilson Contreras (Chicago Cubs),Buster Posey (San Francisco Giants).

BUY SELL

WEEKEND BOX OFFICE (June 15-17)

1. Incredibles 2 - Disney - $180 M ($231.5M worldwide)
2. Ocean's 8 - Warner Bros. - $19.6M
3. Tag - Warner Bros. - $14.6M
4. Solo: A Star Wars Story - Disney - $9.1M
5. Deadpool 2 - 20th Century Fox - $8.8M
6. Hereditary - A24 - $7M
7. Superfly - Sony - $6.3M
8. Avengers: Infinity War - Disney - $5.3M
9. Adrift - STX Entertainment - $2.1M
10. Book Club - Paramount - $1.9M
11. A Wrinkle In Time - Disney - $1.8M
12. Gotti - Vertical Entertainment - $1.7M

NOTE: Jurassic World: Fallen Kingdom - Universal $173.6M international (opens in U.S. June 22)

SOURCE: COMSCORE.com

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COLLEGE

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No. 1 Colleges Since '92
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CFB Title Games '21-24

Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.
Read more at http://www.brainyquote.com/quotes/quotes/j/johnfkenn121400.html#46Ul8rBF4XpB4lo0.99
Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.
Read more at http://www.brainyquote.com/quotes/quotes/j/johnfkenn121400.html#JZxA5jXY4rCwemgZ.99
Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.
Read more at http://www.brainyquote.com/quotes/quotes/j/johnfkenn121400.html#JZxA5jXY4rCwemgZ.99
Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.
Read more at http://www.brainyquote.com/quotes/quotes/j/johnfkenn121400.html#46Ul8rBF4XpB4lo0.99
Thursday
Sep082016

Wheel Deal: Liberty Media Fuels $4B Move To Acquire Formula One Racing Circuit

By Barry Janoff

September 8, 2016: Following in the footsteps of UFC's $4 billion acquisition by WME|IMG, Liberty Media Corp., whose global investments include the Atlanta Braves, Live Nation and SiriusXM, said it has acquired Formula One, the venerable international racing circuit.

Financial terms were not revealed, but the price was put at $4.4 billion in cash, stock and convertible debt by industry analysts and investors.

Liberty Media, under the auspices of chairman John Malone, said its initial investment includes an 18.7% minority stake in Formula 1, with 100% sale subject to satisfaction of regulatory conditions.

Formula 1 has been owned by private equity firm CVC Capital.

The international racing circuit's teams include Mercedes, with drivers Lewis Hamilton and Nico Rosberg; Red Bull, led by drivers Daniel Ricciardo and Max Verstappen; Ferrari, McLaren, Haas F1 and Renault.

Formula 1 sponsors include Heineken, financial firm UBS, Rolex, Pirelli, Puma and Tata Communications.

Formula 1 said more than 200 companies are involved with its races.

More than 450 million people viewed TV coverage of F1 last year, with each race broadcast live to more than 200 countries. In addition, Formula 1 said that 3.5 million people attend its races annually.

Global spending on motorsports' sanctioning bodies, teams and tracks is expected to total a record $5.58 billion in 2016, a 2.8% increase from 2015 and a rise of more than $2 billion since 2011, according to research, sponsorship and consulting firm IEG, Chicago.

However, the total of F1 deals has dropped, according to industry analysts and IEG.

According to IEG, "Pressured by a decline in spending in Formula One, the increase (on overall motorsports spend) lags IEG’s projected 4.7% increase in overall global sponsorship spending. Without F1, spending is expected to keep pace with the overall sponsorship industry."

Still, that has not deterred global brands from opting in with the racing circuit,

"Formula One is bigger than a race. It is a global event," Gianluca Di Tondo, senior director global Heineken brand, said when the company signed a global deal with the circuit in June. "F1 represents a unique opportunity for Heineken to engage with existing and potential consumers in important growth markets."

Chase Carey, former vice-chairman for 21st Century Fox, was named new chairman for Formula One, succeeding Peter Brabeck-Letmathe, who will remain on Formula 1’s board as a non-executive director.

Bernie Ecclestone will remain Formula 1’s CEO.

The current season runs through November. The 2017 season is scheduled to begin in March with the Australian Grand Prix. Races are also scheduled to be held in China, Russia, Spain, Monaco, Germany, Italy, Britain and Canada.

Formula 1, which began competing in 1950, is the highest class of single-seat auto racing that is sanctioned by the Fédération Internationale de l'Automobile.

"I see great opportunity to help Formula One continue to develop and prosper for the benefit of the sport, fans, teams and investors alike."

“We are excited to become part of Formula One," Greg Maffei, president and CEO for Liberty Media, said in a statement. "We think our long-term perspective and expertise with media and sports assets will allow us to be good stewards of Formula One and benefit fans, teams and our shareholders.

"We look forward to working closely with Chase Carey and Bernie Ecclestone to support the next phase of growth for this hugely popular global sport," said Maffei.

According to Carey, “I am thrilled to take up the role of chairman for Formula One and have the opportunity to work alongside Bernie Ecclestone, CVC, and the Liberty Media team.

"I greatly admire Formula One as a unique global sports entertainment franchise attracting hundreds of millions of fans each season from all around the world. I see great opportunity to help Formula One continue to develop and prosper for the benefit of the sport, fans, teams and investors alike," said Carey.

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