Boston Celtics Owner Makes Major Investment in Formula E

Boston Celtics lead owner Wyc Grousbeck together with his Causeway Media Partners have today announced a multi-million investment in Formula E Holdings, series promoters of the new FIA Formula E Championship. 

Today’s announcement will also see Wyc Grousbeck serve on the Board of Directors at Formula E Holdings who were appointed series promoters of the championship in August 2012 by the FIA.

Grousbeck co-founded Causeway Media Partners in May 2013 with long-time investing partners, Bob Higgins and Mark Wan. The fund has also received personal backing from a number of NFL and NBA team owners, including the Boston Celtics ownership group he leads, as well as leading figures from the private equity and media worlds.

Wyc Grousbeck said: “I am happy to announce that Causeway Media Partners has brought its deep network of NBA and NFL owners, as well as media executives and renowned investors, to Formula E. We believe Formula E is a great evolutionary step in motorsport and a way to entertain millions around the world while driving the development of the best possible electric vehicles.

“It is a privilege to be in a partnership with Formula E’s Alejandro Agag and Enrique Bañuelos, as well as with world-class partners such as FOX Sports, Virgin Racing, Audi Sport ABT, TAG Heuer, Michelin and Renault. We aim to help make Formula E a worldwide sensation, with a focus on the development of high-speed electric racing in the United States. With our upcoming races in the centres of Los Angeles and Miami, we will help showcase the power and promise of sustainable vehicle technology, while entertaining millions.

“Causeway’s mission is to find investment opportunities that benefit from our deep network of NBA and NFL team owners, media executives and professional investors. Formula E is a perfect match. At Causeway, we know the power of competition and entertainment, and will bring our knowledge to the development of the market for electric vehicles.”

Alejandro Agag, CEO of Formula E Holdings, said: “We’re extremely happy to welcome Wyc Grousbeck and his Causeway Media Partners as a shareholder of Formula E and know they will prove to be a great asset to the development of the series. Wyc brings with him extensive knowledge and experience of the US sports market which of course remains a key area for Formula E given we have two US-based teams, two US cities, broadcaster FOX Sports and of course the US’s ever expanding Electric Vehicle market.”

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“Today’s news is also another significant step in the growth of Formula E. Earlier this year we announced our 10-race calendar and also our 10 teams which includes worldwide names in motorsport such as Michael Andretti [Andretti Autosport] and Jay Penske [Dragon Racing], through to global environmentalists like Sir Richard Branson [Virgin Racing] and Leonardo DiCaprio [Venturi Grand Prix].”

Charlotte Bobcats Set for Colour Rebrand Following Hornets Name Change

With NBA franchise Charlotte Bobcats set to change their name to the Hornets next season, thumb owner Michael Jordan has revealed they will adopt a new colour scheme and rebrand.

The colors, which were used by the original Charlotte Hornets during their tenure in the city from 1988-2002, will be accented by secondary colors black, cool gray and light blue.

“It was important to us to acknowledge the heritage of the Charlotte Hornets when bringing the name back to the market,” said Bobcats Sports & Entertainment Chairman Michael Jordan. “The purple and teal color scheme was instantly recognizable as being associated with the original Hornets and we felt it was only appropriate to utilize the colors once again with this historic brand.”

As part of the survey process prior to the decision to change the name, Harris Interactive surveyed the Charlotte community, as well as current season ticket holders and team sponsors. In each of the three groups, an overwhelming majority of those surveyed were in favor of using the purple and teal of the original Hornets as the colors of the rebranded team.

Starting tomorrow, the organization will introduce a new phase of its Buzz City campaign, centered on “Painting the City” with the return of the purple and teal colors to Charlotte. The three-week campaign will include digital, print and billboard advertising.

The revealing of the colors is the first step in the process of transforming the Bobcats into their new identity as the Hornets. Additional phases include the unveiling of the logo, uniforms, court, mascot and dance team.

Throughout the current season, the team will host Buzz City Nights, which will include exclusive Buzz City fan giveaways and in-arena activations that celebrate the history of Hornets basketball in the Carolinas.

 

Lewis Hamilton Unveiled as New Global Ambassador for Save the Children

Formula 1 driver Lewis Hamilton has been unveiled as the latest Global Ambassador for charity Save the Children in their education campaign.

Fresh from the Indian Grand Prix, allergist | Hamilton met children in Kolkata, cialis West Bengal, sale who Save the Children has helped escape a life of manual labour in brick kilns, and introduced into school.

He also met young children living and working on the streets who are learning to read and write via innovative education projects.

Hamilton said: “It was heart-breaking to speak to children who are desperate to learn, but are either too poor, or too far away from the nearest school to get a decent education.  No child should be consigned to a life of labour – every child should have the chance to learn.”

Lewis Hamilton also visited Save the Children’s mobile learning centres in Kolkata – housed in big yellow buses – which travel to urban slums.  The moving classrooms are stocked with books and stationery and staffed by teaching assistants who help the children learn to read and write.

Hamilton said: “It’s shocking in this day and age, to think that some children have never touched a book.  It is inspiring to see how Save the Children’s work helps children, but much more needs to be done in India, and across the world.  We need to make sure every child has an education to raise them out of poverty.”

Justin Forsyth, Chief Executive of Save the Children, said: “Lewis is helping us to draw attention to the global crisis in education.  Funding for education has dropped – costing at least a million children an education – and we urgently need to reverse that trend.  The world cannot afford to not invest in the future of our children”.

2015 SEA Games Organisers Set USD40 Million Sponsorship Target

Despite the 28th Southeast Asian (SEA) Games being two years away, organisers Singapore Southeast Asian Games Organising  Committee (SINGSOC) are already deep in discussions with companies looking to sponsor the region’s largest multi-sport extravaganza

The organisers have set their  sights on attracting some S$50 million (US$40 mn) in both cash and value-in-kind sponsorships. Organisers also highlighted that forging long term partnerships with businesses beyond the games is also a key priority. 

Richard  Seow,  Chairman  of  the  28th SEA  Games  Sponsorship  and Marketing Advisory Sub-Committee, said: “We are pleased by the interest we are seeing in our preliminary discussions with potential sponsors across a wide range of industries from MNCs to SMEs. Having gotten feedback from a good cross section of corporate leaders, many have shared their excitement for the SEA Games being hosted by Singapore again.

“Corporate branding and sponsorship for the SEA Games with a potential audience of 600 million presents compelling opportunities for local, regional and international corporations. The event’s regional profile which will take place during Singapore’s 50th anniversary celebrations and the opportunity for long term brand building topped the list of reasons why they see potential in sponsoring the games. Several corporates are also keen to see how we can customise sponsorship packages so that they can realise the benefits up to and after the SEA Games by using sport as a vehicle to enhance their brand image and activate their marketing or CSR programmes.”

Opportunities to sponsor specific sports or venues during the SEA Games and extending beyond that are available to sponsors who wish to tailor their sponsorship for the long term.

Chaly  Mah,  Chief  Executive  Officer,  Deloitte  Asia  Pacific  and  a member of the SINGSOC  Sponsorship and Marketing Advisory Sub-Committee, said: “Over the years, more companies are seeing sport as a multi dimensional vehicle that is able to connect them with their consumers at the personal and emotional level. For example, companies such as Singtel and DBS Bank have provided long term support for signature sports events like the Formula One and dragon boat race respectively that have become imprinted in people’s minds over the years.

“The Return On Investment in sports sponsorship grows exponentially over time as these companies use sports to grow market share and enhance their brand equity. Companies looking at sponsoring the 2015 SEA Games should also consider continuing their involvement in sports beyond the games. They may want to see how they   could  spearhead   an   annual   signature   sports   event   that   can   become synonymous with their brand.”

The 28th  SEA Games is expected to be one of the biggest regional sports events in 2015.

Jimmy Haslam Denies Cleveland Browns Sale

Cleveland Browns owner Jimmy Haslam has denied rumours he will sell the NFL team following report his Pilot Flying J company is under a federal investigation into alleged rebate fraud.

He told ESPN Cleveland: “Absolutely not. We plan on owning the Browns for a long time.” he told ESPN Cleveland in a telephone interview.

Haslam has been doing furious damage control since the April 15 raid on company headquarters and the subsequent release of an FBI affidavit with transcripts of secretly recorded conversations among the sales staff. Federal agents say the conversations outline a scheme to defraud trucking companies of fuel rebates.

Five members of the sales staff have pleaded guilty to mail fraud and are cooperating with prosecutors, as are two further current and former Pilot staffers.

A source told ESPN Cleveland that the Browns have a “plan in place” to maintain Haslam’s ownership of the team if he is indicted in the FBI’s investigation. When asked about this, Haslam said, “I don’t want to answer any legal questions.”

“Since October, we put together a completely new front office, hired a new head head coach with two really good coordinators, sold naming rights to the stadium, and went through free agency and the draft,” Haslam told ESPN Cleveland.

Pakistan’s Next Two Home Test Series to be Diverted to UAE Due to Security Fears

Pakistan have revealed their next two host cricket series against South Africa and Sri Lanka will be held in the United Arab Emirates.

Officials had been reluctant to announce their next two series from October-January, instead hoping they could convince visiting teams to tour Pakistan, a country hard hit by Taliban and Al-Qaeda-linked violence.

Pakistan has been forced to play at neutral venues since militants attacked the Sri Lankan team in March 2009, suspending international cricket in the country.

On Saturday, 10 foreign climbers were killed by gunmen in the Himalayas, the worst attack on foreigners for a decade and an incident that has further inflamed the country’s reputation for insecurity.

The Pakistan Cricket Board on Monday took out an advertisement in a local newspaper, inviting bids to sponsor two series, now confirmed for the UAE.

“The two series will be played in the UAE as we have started our preparations,” a PCB official confirmed, refusing to be named.

Pakistan play two Tests, five one-day and three Twenty20 internationals against South Africa in October-November before returning to play three Tests, five one-day and two T20s against Sri Lanka in December-January.

Pakistan was already a ‘no go’ area for many international teams even before the Sri Lankan attacks as security fears grew after the 9/11 attacks on the United States.

ATP World Tour Returns to Bogota for New Event

The ATP World Tour is set to return to Bogotá, click Colombia, healing in 2013, advice following the ATP Board of Directors’ approval of the sale of the Los Angeles tournament, an ATP World Tour 250 event, to IMLA de Colombia, a Colombian entertainment and sports marketing company. 

The new tournament will be staged at the Centro de Alto Rendimiento in Bogotá, the same venue that hosted an ATP World Tour event from 1997–2002. 

Brad Drewett, ATP Executive Chairman & President, said: “The ATP World Tour is a truly global sports property, and demand for events around the world has never been greater. This latest transfer represents a fantastic opportunity for the ATP World Tour to continue to strengthen its presence in South America, a growing market for men’s professional tennis. The new tournament owners have a wealth of experience in tennis and we look forward to a successful event in Colombia.

“I would also like to take this opportunity to thank Bob Kramer and his organising team for their tireless work in running the ATP World Tour 250 event in Los Angeles over the years. Bob’s services to tennis have been hugely appreciated,” said Drewett.

Manuel Maté, President, IMLA de Colombia, said, “It has been a long road to have an ATP World Tour event back in Colombia. It would not have been possible without the support of our sponsors and the favourable and growing  economy of our country. We are living a new and exciting era in tennis with top players and a growing fan base, making the sport the second most important one in Colombia. This event is part of a Colombian Campaign to showcase our beautiful country. We are very excited to be part of this amazing project with the ATP.”

The Bogota event will take place on outdoor hard-court from July 15-21, 2013. In turn, the 2013 BB&T Atlanta Open will take place one week later, from July 22-28.

British Cycling Looks to Continue London 2012 Legacy Push

The Olympic flame has only just gone out but British Cycling is already underway with plans to continue the London 2012 legacy and build on the phenomenal success of the Great Britain Cycling Team.

Reaffirming its commitment to growing the audience for cycling in the UK, British Cycling has confirmed that it has already lined up three national and international events to continue the Games legacy: the British National Track Championships in Manchester at the end of September, a Track World Cup round in Glasgow in November and a UCI BMX Supercross World Cup round in Manchester in April 2013.

British Cycling is hoping that the chance for cycling fans, new and old, to see the world’s best cyclists in action on home soil once again will continue to inspire participation in the sport across the nation as well as provide GB athletes with more top level international competition in this country.

Kicking off the action for home fans will be The British Cycling National Track Championships at the Manchester Velodrome from 26th-30thSeptember 2012. The championships are the traditional competitive curtain raiser to the winter season and offer new fans a great way to get acquainted with the sport.

Following the national championships the action heads north of the border as the second round of the UCI Track Cycling World Cup Classics sees Glasgow make its debut on the international stage from 16th-18th November 2012. It will be the first major event to be staged at the new Sir Chris Hoy Velodrome, which forms part of the £113million Commonwealth Arena. Tickets will go on sale to British Cycling members at 2pm on 16th August before going on general sale at 12 noon on 22nd August and can be purchased via www.ticketmaster.co.uk. Spectators are encouraged to book their tickets early to avoid disappointment as high demand is expected.

Into 2013 and the action continues in Manchester with the UCI BMX Supercross World Cup round that takes place from 19th-20th April 2013.This will be the third major international BMX event to take place in the UK in the space of 12 months, following May’s World Championships and the Olympic Games. The competition will take place at Manchester’s National BMX Centre, which itself was built as part of the London Olympic Games legacy and has provided Team GB’s BMX athletes with a world class training and competition facility since it opened a year ago.

Jonny Clay, Cycle Sport and Membership Director at British Cycling, commented: “Hosting events of this calibre demonstrates how committed we are to development of the sport and shows how well we’re able to combine infrastructure and events to drive growth in the sport at all levels.

“The Track World Cup in Glasgow is the first opportunity for people to see the GB cycling team in international action after the Olympic Games and the event promises to be a great spectacle for cycling fans as our GB athletes prepare for the 2014 Commonwealth Games and set off on the road to Rio 2016.”

“We’re delighted to also be bringing the  first round of the 2013 UCI BMX Supercross World Cup to Manchester and welcome the  best international BMX racing back to the UK for the third time in 12 months, continuing the legacy left by this year’s UCI BMX World Championships in Birmingham and the London Olympic Games.”

Simon Morton, Director of Major Events at UK Sport, said: “We are delighted the UK has been given the opportunity to host these exciting sports thanks to National Lottery funding. It has been clearly demonstrated with events such as the Track Cycling World Cup, which UK Sport has supported since 2004, how events like this can support both  growth and performance ambitions.”

“The Chris Hoy Velodrome in Glasgow will be one of the world’s best venues for Track Cycling, and our fans are in for a real treat as they see the British team begin their journey towards Rio 2016. This will be the first of many events that UK Sport’s National Lottery funded programme will help to stage in the UK after London 2012.”

“We are fully committed to building a strong and sustainable legacy from hosting London 2012 and have increased our investment to £4.5million a year to bring world class sport like the UCI Track Cycling World Cup Classics and UCI BMX Supercross World Cup to this country.

“Our programme has already secured 10 World and European Championships for the UK in the last 18 months and we will continue to work hard to bring world class sport here”

Chair of Glasgow Life and the Executive Member for the Commonwealth Games, Councillor Archie Graham, said: “The London 2012 Olympic Games captured the imagination of the nation, with the sensational performances of the Team GB cycling team among the real highlights. The atmosphere at the Olympic velodrome was incredible and we can’t wait to get a feel for that when the Track Work Cup comes to the Sir Chris Hoy Velodrome in November.”

“Glasgow is one of the world’s leading sporting cities in part thanks to our world-class events programme, which is growing all the time as we continue to invest in the very best facilities. And as we look ahead to the Glasgow 2014 Commonwealth Games, the Track World Cup will give people the chance to see just what they can expect when the world’s top cyclists go for gold in our new velodrome.”

Paul Bush OBE, Chief Operating Officer for EventScotland said: “Scotland is the perfect stage for events, and with the opening of the new Sir Chris Hoy Velodrome we can proudly add the sport of track cycling to our extensive portfolio of major international events. Following the success of Sir Chris and his fellow Team GB athletes at the Olympics, the excitement and enthusiasm for the World Cup event in Glasgow is going to be huge.”

Councillor Rosa Battle, Manchester City Council executive member for culture and leisure, said: “The UCI BMX Supercross World Cup is sure to be spectacular and it will be phenomenal to see The National BMX Centre host its first global event.” 

“Since opening, the BMX centre has proved incredibly popular with both local residents and elite competitors. Two athletes based at the centre, Shanaze Reade and Liam Phillips, have recently represented the country in the Olympics and I’m sure their example along with the BMX Supercross World Cup will inspire even more people to give the sport a go.”

“The UCI BMX Supercross World Cup shows once again that Manchester is a world-class sporting destination and it’s a very welcome addition to the exciting programme of events we have lined up for 2013.”

CAS plans to open two new centres

The Court of Arbitration for Sport (CAS) plans to open new centres in Shanghai and Kuala Lumpur.

The CAS recently opened an alternative hearing centre in Abu Dhabi.

CAS General Secretary, ailment Mathieu Reeb, medstore said the CAS wants to decentralise hearings and Asia was the first continent on the agenda.

“For the time-being we will only have three. We may have Alternate Hearing Centres in other regions of the world like South America or Africa, capsule ” he said.

Regarding Abu Dhabi, Reeb said: “When Asia was considered for the Middle East we had this proposal from the Abu Dhabi emirate and we were very impressed by the quality of their proposal and this is why we decided to establish an office here.

“The access to Abu Dhabi is quite easy with a good hub for air travel. Also, the quality of the hospitality, infrastructure, accommodation; It is really a good starting point for us in the Middle East.

“I think setting up this office here in Abu Dhabi will improve the knowledge about CAS and help to promote the development of the institutions in these regions, because people really do not know that arbitration is a good way to solve disputes in the sport field.

“We hope that with the opening of this Abu Dhabi centre in this part of the world there would be more knowledge about sports arbitration.”

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Absolute Taste to Provide Hospitality for Westfield During London 2012

Absolute Taste, in partnership with ISS Food and Hospitality, has been appointed as Westfield Stratford City’s caterer for hospitality throughout the London 2012 Olympics.

Westfield’s corporate hospitality venues, athletes’ services and broadcast sites, which all overlook the Olympic Park, will be serviced under the new contract. 

Working in a 50:50 partnership, Absolute Taste and ISS say they will be serving food “using some of Britain’s best produce with a passionate team of professionals who understand the unique client needs and demonstrate first class customer service”. 

John Burton, director, Westfield Stratford City, explained more about the deal: “Westfield Stratford City will host high profile clients from 2012 sponsors to international broadcasters, and of course Team GB. Absolute Taste and ISS demonstrated their vast experience and understanding of corporate hospitality catering services, broadcast requirements, events and fine dining and we look forward to working with them on this once in a lifetime opportunity unparalleled in the hospitality world.” 

Lyndy Redding, managing director of Absolute Taste, added: “We are all absolutely thrilled to have been awarded such a prestigious contract. We always knew 2012 was going to a big year for London and Absolute Taste, and, to be working with Westfield at this time, is going to be a very special occasion indeed. We have already put in a lot of hard work into this project and we are committing ourselves to delivering an unrivalled level of hospitality in the stunning location that Westfield has provided.” 

Absolute Taste and ISS will offer their catering services from 1st April through to 30th September 2012. Westfield Stratford City is situated metres away from the Olympic Park including the main stadium, Aquatics Centre and Velodrome.

by Ismail Uddin