Boston Celtics owners provide financial jolt to Formula E

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The all-electric FIA Formula E Championship has received a $21 million investment from Boston Celtics managing partner Wyc Grousbeck (pictured, left) and a dozen of his co-owners in the legendary NBA team according to the Associated Press.

The AP reports that Formula E is the first investment for Grousbeck’s Causeway Media Partners, a recently-formed company that has raised about $100 million to invest in sports and entertainment properties.

Mark Wan (pictured, right), a co-owner of both the Celtics and the NFL’s San Francisco 49ers, and Bob Higgins (pictured, center) are managing partners at Causeway alongside Grousbeck, who led the group that bought the Celtics in 2002 and guided the franchise to its 17th NBA title in 2008.

“We know the power of competition and entertainment, and will bring our knowledge to the development of the market for electric vehicles,” Grousbeck said to the AP.

“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.”

The investment marks yet another link to the United States for Formula E, which will stage two American rounds in 2014-2015 at Los Angeles and Miami. Additionally, a pair of U.S.-based teams, Andretti Autosport and Dragon Racing, will be part of the group of squads vying for the inaugural series title.

Alejandro Agag, CEO of Formula E Holdings, has always maintained that the U.S. represents a critical market, and in an e-mail to the AP, he said that Causeway’s involvement will help raise the series’ profile here at home.

“To have a partner that knows deeply the U.S. sports market places us in a unique position to develop our championship in the Americas,” Agag said.

In addition to his company’s investment, Grousbeck will also serve on the board of Formula E Holdings.

NHRA: Brittany Force cleared to race this weekend in Phoenix after bad wreck 2 weeks ago

Photo: John Force Racing
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Drag racing is a Force family tradition. So, too, is not keeping a Force family member down.

Just 12 days after the most serious wreck of her six-year drag racing career, Brittany Force and John Force Racing announced late Thursday afternoon that the defending 2017 NHRA Top Fuel champion has been medically cleared and will indeed race in this weekend’s NHRA Arizona Nationals at Wild Horse Pass Motorsports Park in suburban Phoenix, Arizona.

“I flew into Phoenix early this (Thursday) morning and headed straight out to the race track to meet up with my team,” Force said. “I suited up and got belted back into my car that I ran all last season.

“It honestly felt good to be strapped back in and I was surprised how comfortable I was. I’m looking forward to getting back in my car tomorrow (Friday’s first two rounds of qualifying) and getting back in the swing of things with my guys.”

The 31-year-old Force, one of four daughters of 16-time NHRA Funny Car champ John Force, suffered a concussion and bruising after the hard crash she was involved in on February 11 in the first round of eliminations of the season-opening NHRA Lucas Oil Winternationals in Pomona, California.

Shortly after leaving the starting line in a race vs. Terry Haddock, Force’s dragster crossed from the right to left lanes, impacted the retaining wall with a very hard lateral crash, bounced off, spun, went on its side and briefly caught fire after crossing the finish line wheels-up.

While she is still recovering from the bruising, Force feels strong enough to get back behind the wheel. Getting back in the race car could be the best medicine of all, since she has three runner-up finishes in Phoenix, including back-to-back second-place showings in both the 2016 and 2017 national events.

The three-day event kicks off Friday with qualifying rounds at 4 and 6:30 p.m. ET, the same times as Saturday’s qualifying. Final eliminations begin at 1 p.m. ET Sunday.