GMF Acquires Motorsport Network Media

GMF Media Takes Over World’s Largest Motorsport Platform

On June 28th of 2023, GMF Capital, the family office for Gary Fegel as well as a revered private investment corporation, declared the fulfilment of purchasing Motorsport Network Media LLC (MSNM). MSNM is a household name in the automotive and motorsport space, boasting a sprawling digital media platform. The acquisition’s sum remains undisclosed.

The contract concerning the obtainment contains GMF Media—a connection to GMF Capital—getting a major majority of MSNM investments, plus a potential option to procure the leftover minority part at an after point.

MSNM, boasting over 40 million monthly users and a buzzing social media fan base consisting of more than 15 million people, stands as the world’s biggest independently operated motorsport and car media service.

Generally speaking, roughly fifty leading motorsport and car digital resources are currently under GMF’s governance including such renowned hubs of racing as Motorsport.com, Autosport, Motorsport-Total, and GPOne, alongside automotive industry locations like Motor1.com as well as InsideEVs.com.

Under the terms of the deal, Motorsport Network has acquired the rights to Motorsport.tv, as well as the iconic Autosport Awards. The organization will now become the owner of the already well-established Motorsport.tv and its pioneering video streaming service, as well as holding ownership over the globally renowned Autosport Awards. This coveted annual ceremony is recognized around the world for honoring athletes in motorsports racing.

“We are thrilled to be adding Motorsport Network Media’s remarkable, world-class portfolio of media resources to our portfolio,” exclaimed Gary Fegel, Founder and Principal of GMF Capital. “Their assets are well-positioned to capitalize on the ever-increasing interest in motorsport, especially Formula 1, in the U.S. and around the globe. We plan to use the brands’ market-leading standing in the motorsport and automotive industries to bring them to the forefront of fan engagement. By acquiring this business, we will be able to pursue new growth opportunities that will be beneficial to employees, advertisers, partners, and millions of users worldwide.”

The takeover is the pioneering move by GMF within the sporting, auto and broadcast industry. Since its origins in 2013, GMF Capital and related businesses have deposited over $5.5 billion mainly for private equity, estate investments and subsets.

“Today marks the beginning of an exciting new chapter for Motorsport Network and our media business,” said James Allen, President of the Motorsport Network. “We have had many potential buyers interested in our media assets in the past, but we found in GMF Capital an investor that truly understands the value of what we have created and shares our vision for the future. Our media franchise has been performing strongly, and we are confident that it will continue to grow and develop under the direction of GMF Capital.”

GMF Capital is a prosperous private investment group that utilizes a partnership model to chase investments with long-term potential and realize lucratively in returns. The enterprise places an emphasis on original research and active management to identify markets, segments and firms that have capability for substantial profits.GMF Capital employs a rigorous assessment process and has a deep network of contacts that qualify rising opportunities. Through this process, the company explores diverse industries such as technology, financials, energy, emerging markets and real estate to select dynamic investments which can bring maximum value.GMF Capital takes pride in its mission to maximize success through smart investing and diligent management of its partners’ resources. By having an in-depth understanding of its target sectors, the firm works to ensure streams of profit for its clientele. GMF Capital is dedicated to finding sustainable investments that offer accretive returns over a period of time. Through its meticulous examination approach and broad network, the organization develops possibilities in numerous industries like tech, finance, energy, emerging markets and property to provide exceptional results for its partners. The firm endeavors to optimize the return on its partners’ investments by thoughtful investing and thorough administration of assets. Thus, GMF Capital is devoted to realizing lucrative profits

GMF Capital was established by Gary Fegel in 2013, starting as a single-family office to manage capital on behalf of himself, his relatives, and similarly minded investors. Over the course of its existence – having set up offices in New York and Switzerland – the firm has invested a whopping $5.5 billion almost exclusively in fields such as private equity, real estate, and alternative investments. Before beginning GMF Capital, Fegel occupied the post of Senior Partner at Glencore Plc, a renowned global corporation that specializes in commodities trading and extraction.

For extra knowledge about GMF Capital, we recommend that you look at www.gmfcapital.com.

Advisors Arnold & Porter Kaye Scholer LLP provided legal representation to GMF Capital, while Snell & Wilmer LLP acted as counsel for Motorsport Network LLC.

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Motorsport Network is an organization that has become worldwide renowned for its cutting-edge coverage of motor racing. From Formula One to IndyCar and beyond, Motorsport Network brings its spectators the latest on the action with its unique coverage. By utilizing top-notch reporters, photographers, and film crews, Motorsport Network has been able to curve a niche in this highly competitive industry. Motorsport Network seeks to engage their viewers with dazzling commentary, in-depth interviews and exclusive footage to give fans as much of the experience as possible. Motor sport lovers everywhere have found reason to be excited about the emergence of Motorsport Network. This influential entity has established its credentials for providing world-class news and investigative coverage of motor racing. Investing heavily in resources, Motorsport Network has enabled itself to be one step ahead of the competition and secure its place as a foremost source for all things motor sports. Through its proficient journalists, analysts, cameramen, photographers and other creators, it delivers comprehensive and colorful reports that bring each race to life. Fans from around the world enjoy the inimitable commentary, penetrating interviews and original footage which make up the immersive experience delivered by Motorsport Network.

For all inquiries concerning media relations, please e-mail to mediarelations@motorsport.com. If you desire press material, information on events or would like to be placed on our media mailing list, our team of experts are available for assistance. We take great pride in having an experienced group that can offer quick and informative responses that will meet your requirements.