Zak Brown’s marketing company up for sale

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Just Marketing Inc., the global motorsports marketing company that was founded by current INDYCAR CEO candidate Zak Brown, is now up for sale.

According to Jenna Fryer of the Associated Press, Brown informed the JMI staff that Spire Capital Partners is trying to sell its 60 percent stake in the company. As for any possible connections to a potential jump to INDYCAR by Brown, a copy of the memo obtained by the AP states that any sale is “completely unrelated” to that scenario.

“There is no immediate timeline in place for a transaction to occur and no guarantee that one will occur in the near future,” wrote Brown, who still owns a 20 percent stake in JMI (the other 20 percent is with the WPP advertising agency).

“JMI’s leadership and employees continue to be focused on providing excellent service to our clients and continue to grow our business.”

During the Honda Grand Prix of St. Petersburg weekend, Brown was acknowledged by Hulman & Co. CEO Mark Miles as a candidate to replace Randy Bernard as IndyCar’s top dog. Right now, Indianapolis Motor Speedway president and CEO Jeff Belskus is handling that job on an interim basis.

“I have a lot of passion for IndyCar and I’m getting to know Mark,” Brown told the AP in an e-mail about the situation. “We are exploring to see if there’s a way to work together. It’s a great product and I’m positive I could contribute to its growth and success.”

Brown: Dennis would have made same decision on McLaren-Honda split

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Zak Brown believes former McLaren team boss Ron Dennis would have made the same decision to cut ties with struggling Formula 1 engine partner Honda had he still been in charge at the team in 2017.

McLaren executive director Brown helped engineer a deal for the team to split with Honda at the end of the 2017 season after three tough seasons that had seen the Japanese manufacturer offer little in the way of performance or reliability.

The decision split opinion, with McLaren spurning a significant annual financial injection from Honda in order to link up with Renault, believing its on-track fortunes had to be prioritized over its commercial interests.

In an interview with Sky Sports, Brown was asked if he believed Dennis – McLaren’s long-running team chief before stepping down at the end of 2016 – would have made the same decision to cut ties with Honda.

“I think he would have,” Brown said.

“He was here when those conversations were ongoing and I think Ron always has and always will have the best interests of McLaren in his heart.

“He is Mr. McLaren. It burns him inside as much as us not to see us winning races.”

Brown also elaborated on the decision to break off the much-lauded relationship with Honda, saying the first signs of trouble with the 2017 power unit were clear in pre-season.

After a number of attempts to try and rectify the situation, Brown and his fellow team bosses felt there was no alternative but to end the Honda deal for 2018.

“We knew we were in trouble in testing in Barcelona and we worked really hard for six months to try and find solutions that would give us confidence that we’d be much more competitive in 2018,” Brown said.

“Ultimately, after trying many different things and many different ways we felt we couldn’t get there.

“Three years is a long time in Formula 1 and so we needed to change the direction to get our team back at the top.”