GMF Capital Acquires Motorsport Community Media LLC

NEW YORK, June 28, 2023 – GMF Capital (GMF), the household workplace for Gary Fegel and a number one personal funding agency, at present introduced it has accomplished the acquisition of Motorsport Community Media LLC (MSNM), a world digital media platform in motorsport and automotive, for an undisclosed sum.

Phrases of the acquisition embody GMF Media, an affiliate of GMF Capital, buying the controlling majority stake in MSNM, with an choice to purchase the remaining minority curiosity at a later date.

MSNM, with 40 million-plus month-to-month customers and an energetic social media group of greater than 15 million followers, is the world’s largest impartial motorsport and automotive media platform.

General, the almost 50 flagship motorsport and automotive digital properties now below GMF management embody racing manufacturers corresponding to Motorsport.com, Autosport, Motorsport-Complete, and GPOne, in addition to automotive trade manufacturers corresponding to Motor1.com and InsideEVs.com.

The deal additionally contains the Motorsport Community model title, in addition to Motorsport.television, the main video platform for stay and on demand streaming, and the Autosport Awards, the world’s premier motorsport racing annual awards ceremony.

“We’re excited to amass Motorsport Community Media’s spectacular, world-class portfolio of media property, that are primed for vital progress with the surging recognition of motorsport, notably System 1, within the U.S. and internationally,” stated Gary Fegel, Founder and Principal of GMF Capital. “We’ll leverage the manufacturers’ market-leading place throughout the motorsport and automotive industries and push the enterprise to the middle of fandom. Our acquisition will enable the enterprise to aggressively pursue new progress alternatives, which can profit workers, advertisers, companions, and tens of thousands and thousands of customers worldwide.”

The acquisition is the primary for GMF within the sports activities, automotive, and media class. Since its inception in 2013, GMF Capital and its associates have invested greater than $5.5 billion primarily within the areas of personal fairness, actual property, and various investments.

“At this time’s announcement marks the following thrilling chapter for Motorsport Community and our main media enterprise,” stated James Allen, President of the Motorsport Community. “We have now had vital acquisition curiosity in our media property through the years however present in GMF Capital a purchaser that really values what we have now constructed and shares our imaginative and prescient for the long run. The media franchise has continued robust efficiency, and we imagine it’s going to thrive below GMF Capital’s route.”

About GMF Capital

GMF Capital was established by Gary Fegel in 2013 as a single-family workplace to take a position capital on behalf of himself, his household and like-minded buyers. Since its inception, and with places of work in New York Metropolis and Switzerland, GMF Capital and its associates have invested greater than $5.5 billion primarily within the areas of personal fairness, actual property, and various investments. Previous to founding GMF Capital, Fegel was a Senior Associate at Glencore Plc, one of many world’s largest commodity buying and selling and mining corporations.

For added details about GMF Capital, please go to www.gmfcapital.com.

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

Media Contacts:

For GMF Capital:

[email protected]

[email protected]

For Motorsport Community:

[email protected]


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