Miami, June 10, 2021: Motorsport network, LLC has entered into a binding condition sheet to acquire European sports communication (“ESC”), which will extend its Motorsport tickets division with VIP packages for the rally. Motorsport Tickets is the one-stop destination for the ultimate range of event tickets, travel packages and exclusive experiences for motorsport fans.
European Sport Communication was created in 1999 by Bernard Occelli, winner of the FIA World Rally Championship in 1994, as co-driver of Didier Auriol. ESC offers unforgettable experiences by taking guests to privileged viewpoints in breathtaking locations, including thrilling helicopter flights and gourmet stopovers. The range of services includes personalized VIP hospitality solutions, “indoor experiences” and exclusive sports perspectives with unparalleled excitement.
As “Official host partner of the FIA World Rally Championship”, the ESC maintains close relations with Hyundai Shell Mobis World Rally Team, TOYOTA GAZOO Racing World Rally Team, Citroën Racing, Peugeot Sport, Michelin, Wolf Lubrications and many others.
The ESC business will complement the range of products offered by Motorsport Tickets today, including Formula 1, MotoGP, World Endurance Championship, 24 Hours of Le Mans, NASCAR, DTM and Isle of Man TT, and will allow to Motorsport Tickets to expand its activities. – corporate offers, such as corporate hospitality programs and VIP packages.
As the world emerges from the COVID-19 pandemic and participation in live motorsport events picks up, this pending acquisition presents a timely opportunity for Motorsport Tickets to expand into the field of rally sport.
ESC Founder and CEO Bernard Occelli will remain with the company to oversee the merger and help make Motorsport Tickets a premier destination for purchasing tickets and VIP experiences for motorsport events. .
Oliver Ciesla, Director of Operations at Motorsport Network: “Having known Bernard and his colleagues for many years, I am very happy with this agreement, and look forward to the partnership between ESC and Motorsport Network. With our global organization and marketing opportunities, we can boost ESC activities in the coming years to help them partner with more events and further expand their offering. At the same time, our existing motorsport ticket offerings, bringing fans and corporate clients to races and other motorsport events, will greatly benefit from the expertise, contacts and know-how of ESC. “
Bernard Occelli, Founder and CEO of European Sport Communication: “After more than 20 years of strong and continuous growth, it is exciting for us to be part of a much larger organization and we are proud to have attracted the interest of a fast growing global player like Motorsport Network. Our activities complement each other perfectly and our long-standing and trusting relationship provides a solid foundation and ideal conditions to join forces. With our common passion for motorsport and our common commercial strengths, both parties will quickly benefit from synergies allowing the pursuit of larger business opportunities. “
For more information please contact:
Alice Holloway, Patterrn – [email protected]
About Motorsport Network
Each month, more than 56 million dedicated users visit a Motorsport Network digital property, to buy, learn, be entertained or just feed their passion for cars and racing. We are at the heart of the auto racing and automotive industries and provide thought leadership and unique experiences to our customers. We take them on a customer journey that encompasses news and information, events, tickets, games and esports, so we leverage the network effect to add value to their experience. We use our in-house technology and modern data tools to continuously test, learn and improve. Our processes, content creation and products are constantly evolving to better serve our audiences.
To read all Motorsport Network announcements, please click here.
FORWARD-LOOKING STATEMENTS AND OTHER CAUTIONS
While the pending transaction is expected to close by December 31, 2021, it remains subject to the execution of final documentation and satisfaction of customary closing conditions. All statements contained in this press release that are not statements of historical fact can be considered as forward-looking statements. Words such as “continue”, “will”, “may”, “could”, “should”, “expect”, “),” “predict”, “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally beyond the control of Motorsport Network, LLC (the “Company”). and are difficult to predict. Therefore, the Company assumes no responsibility for the accuracy or completeness of any forward-looking statements and readers should not rely on such forward-looking statements as predictions of future events. The forward-looking statements contained in this press release include, without limitation, the Company’s beliefs, expectations and / or estimates regarding the following: (i) the Company’s belief that the ESC business will complement the range of products offered by Motorsport Tickets; (ii) the Company’s belief that this pending acquisition presents a timely opportunity for Motorsport Tickets to expand into the field of rally sport; (iii) the Company’s plans for Mr. Occelli to remain with the Company to oversee the merger and help elevate Motorsport Tickets as the destination of choice for purchasing tickets and VIP experiences for events in sports car ; . (iv) the Company’s expectations that, with this ongoing acquisition, the Company’s existing Motorsport Ticket offers will benefit greatly from the expertise, contacts and know-how of ESC; (v) the Company’s conviction that it and ESC will quickly benefit from synergies, allowing the pursuit of larger business opportunities; and (vi) the Company’s plans to complete the final documentation and close the acquisition by December 31, 2021. The actual results of the Company may differ materially from these forward-looking statements for a number of reasons, including, without limitation, the risks and uncertainties associated with: (i) lower than expected benefits from the current acquisition, for example due to greater than expected disruptions to the Company’s activities due to the pandemic of Ongoing and prolonged COVID-19 and associated uncertainty or other related factors which may make it more difficult for the Company to maintain relationships with its customers, suppliers, business partners and / or other circumstances, trends or events unforeseen events affecting the overall financial performance of the Company, including the decrease in consumer spending in response to the COVID-19 pandemic and its related conditions and restrictions or any another weakness in the motorsport industry; (ii) less than expected benefits from the Company’s expansion into the sport of rallying, for example due to a greater than expected reluctance of customers to return to racing venues due to the COVID pandemic- 19 ongoing and prolonged or lower than expected consumer spending as a result of economic conditions, for example due to any increase in inflation or growth in unemployment; (iii) difficulties or delays in carrying out the Company’s plans to make Motorsport Tickets a destination of choice for the purchase of tickets and VIP experiences for motorsport events, in particular due to higher costs. higher than expected to achieve such growth, in whole or in part; (iv) lower than expected benefits from ESC expertise, contacts and know-how, for example due to higher than expected costs and expenses to realize these benefits; (v) lower than expected synergies from the current acquisition, in particular due to the Company’s inability to successfully manage and integrate the new business and its related services, personnel and / or technologies; and / or (vi) difficulties, delays and / or the Company’s inability to complete, in whole or in part, the closing of the current acquisition. Factors other than those mentioned above could also cause the Company’s results to differ materially from the expected results. The Company anticipates that subsequent events and developments could alter its plans, intentions and expectations. The Company assumes no obligation, and specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date on which they are made and should not be taken as representing the plans and expectations of the Company at any later date. In addition, business and financial documents and any other statement or disclosure about or made available through the Company’s websites or any other website referenced or linked to this press release should not be incorporated by reference in this press release. hurry.