GMF Capital Acquires Motorsport Network Media LLC
June 28, 2023
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.
- Buyers
- GMF Capital
- Targets
- Motorsport Network Media LLC
- Industry
- Media & Entertainment
- Location
- New York, United States
- Transaction Type
- Buyout
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