IMG, the sports, entertainment and media company, has acquired BSI Speedway, the London-based agency that holds the rights to some of the world’s leading Speedway events.
The acquisition gives IMG the rights to the FIM World Individual Speedway Grand Prix Series and FIM Speedway World Cup and adds to the agency’s other motorsport properties such as the Lexmark Indy 300, Clipsal 500 and Sandown 500 races in Australia.
IMG Sports & Entertainment president George Pyne says: “We feel confident we can add the significant resources that are required to take the two world championships to the next level using IMG’s capabilities across all areas of commercial rights and our international network of offices.”
BSI chief executive John Postlethwaite, managing director Paul Bellamy and the rest of the management team will take up new positions at IMG. There are not expected to be any redundancies when BSI moves into IMG’s offices. IMG employs more than 2,600 people in 30 countries.