Knighthead Capital Acquires Minority Stake in LEGACY MOTOR CLUB
January 27, 2025
Knighthead Capital Management, LLC has acquired a minority stake in LEGACY MOTOR CLUB, a NASCAR Cup Series racing team co-owned by Jimmie Johnson and Maury Gallagher. The strategic partnership positions LEGACY MC to expand its competitive presence, global brand recognition, commercial partnerships and fan engagement while Johnson assumes majority ownership and Gallagher moves to an ambassador role.
- Buyers
- Knighthead Capital Management, LLC
- Targets
- LEGACY MOTOR CLUB
- Industry
- Media & Entertainment
- Location
- North Carolina, United States
- Transaction Type
- Growth capital
Explore More
Related Acquisitions
-
Knighthead Capital Acquires Significant Stake in Birmingham Panthers Netball Team
March 21, 2025
Media & Entertainment
Knighthead Capital Management has acquired a significant minority ownership stake in the Birmingham Panthers, a new professional Netball Super League team representing Birmingham and the West Midlands. The investment supports Knighthead's broader sports strategy in Birmingham and will help the Panthers expand operations, community outreach, and visibility as netball grows in popularity across the UK.
-
GMF Capital Acquires Motorsport Network Media LLC
June 28, 2023
Media & Entertainment
GMF Capital, the single-family office of Gary Fegel, has acquired a controlling majority stake in Motorsport Network Media LLC, a global digital motorsport and automotive media platform, for an undisclosed amount with an option to buy remaining minority interests later. The deal transfers nearly 50 flagship motorsport and automotive digital properties (including Motorsport.com, Autosport, Motor1.com, InsideEVs.com and Motorsport.tv) to GMF as it expands into the sports, automotive and media sector.
-
Knighthead Insurance Group Acquires Merit Life Insurance Co.
January 14, 2025
Insurance
Knighthead Insurance Group has acquired Merit Life Insurance Co., rebranding the business as Knighthead Life and launching U.S. operations focused on annuities and retirement solutions. The acquisition supports Knighthead's strategic expansion into the United States and the rollout of multi-year guaranteed annuity (MYGA) products backed by an AM Best A- rating.
-
Liberty Media Acquires Dorna Sports (MotoGP)
April 1, 2024
Media & Entertainment
Liberty Media Corporation has acquired a majority stake in Dorna Sports S.L., the exclusive commercial rights holder of the MotoGP and WorldSBK championships, in a transaction valuing Dorna at an enterprise value of $4.5 billion and an equity value of $3.7 billion. Liberty bought approximately 86% of the company from Bridgepoint Capital and the Canada Pension Plan Investment Board, with Dorna management retaining roughly 14% equity; the acquisition has been completed and MotoGP is now part of Liberty's Formula One Group.
-
Sixth Street Makes Majority Investment in Legends
July 29, 2024
Media & Entertainment
Global investment firm Sixth Street agreed to a majority investment in Legends, the premium sports and live-events hospitality and services company, in a transaction expected to close in the first quarter. Sixth Street will lead a partnership group alongside co-founders YGE Holdings (an affiliate of the New York Yankees) and Jones Concessions (an affiliate of the Dallas Cowboys); the deal is intended to accelerate Legends' global growth and expand its technology-enabled, 360-degree platform of premium experience offerings.
-
Getty Images Acquires Motorsport Images
April 2, 2024
Media & Entertainment
Getty Images has acquired Motorsport Images, including LAT Images and the Sutton, Schlegelmilch, Colombo and Dukes video archives, adding more than 29 million images and extensive motorsport video footage to its sports content offering. The acquisition expands Getty Images' motorsport archive and photographic talent, strengthening its premium motorsports content and services for global media, brands and sports organizations.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.