Kimi Raikkonen
Kimi Central arrow F1 news arrow Formula One Group acquires APM and ASM
Monday, 11 December 2017
 
 
Formula One Group acquires APM and ASM
Sunday, 02 April 2006

APM markets and sells advertising and sponsorship packages globally in respect of the FIA Formula One World Championship and ASM is the principal provider of VIP hospitality at Formula One events.

Following completion of the transactions, Patrick McNally will join the Board of Alpha, advise APM and continue as Chief Executive of Allsport Management.

Mr McNally commented: "With Allsport Management and the Formula One Group working together, we can further improve the offering to our clients worldwide. I am looking forward to working closely with Mr Ecclestone and the Board of Alpha to achieve this objective."

Mr Ecclestone, CEO of the Formula One Group, commented: "APM and Allsport Management have been developed into highly successful businesses over the last 25 years, and we are delighted that each of them will now form part of the Formula One Group."

source: http://www.formula1.com/news/4179.html

Comments: CVC, former owner of MotoGP, now owns 100% of Formula 1. That is good news for the sport. As was the case with MotoGP, the company is expected to try to increase the commercial value of F1.

 
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