SOURCE: IMG

April 11, 2007 07:00 ET

IMG Acquires BSI Speedway

LONDON -- (MARKET WIRE) -- April 11, 2007 -- IMG, the world's leading sports, entertainment and media company, today announced it has acquired BSI Speedway, transferring the promoting rights of the FIM World Individual Speedway Grand Prix Series (SGP) and FIM Speedway World Cup (SWC) from BSI Speedway to IMG.

The existing BSI Speedway management team -- including current Chief Executive, John Postlethwaite, and Managing Director, Paul Bellamy -- will take up their new roles at IMG with immediate effect.

George Pyne, President IMG Sports & Entertainment, said: "We are very excited by this acquisition which adds to our existing motorsports involvement in events such as the Lexmark Indy 300, Clipsal 500 and Sandown 500 races in Australia. The FIM Speedway Grand Prix Series and FIM Speedway World Cup have come a long way in the last seven years under BSI's management. 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."

Vito Ippolito, President of the Fédération Internationale de Motocyclisme (FIM), said: "As the new president of the FIM I am delighted that we have been able to attract the world's leading sports and entertainment company to one of our leading racing properties. This is the single biggest piece of news to have happened in the sport of speedway in the last thirty years and we now look forward to see the Speedway Grands Prix expand overseas."

John Postlethwaite, Chief Executive, BSI, commented: "I'm delighted all the hard work we have put into growing world championship speedway as a team has been noticed by a company of IMG's stature. Myself and the team are extremely excited about realising some of our future growth plans that would not have been possible if we had continued independently."

Editors's notes:

About IMG

IMG is the world's premier Sports, Entertainment and Media Company. IMG is a diversified global business with two major business segments: IMG Sports & Entertainment, and IMG Media. IMG employs over 2,600 people in 30 countries. Forstmann Little & Co. purchased IMG in 2004.

IMG Sports & Entertainment includes: consulting services; event ownership and management; fashion events and models representation; licensing; golf course design; client representation in golf, tennis, broadcasting, speakers, European football, rugby, cricket, motorsports, coaching, Olympic sports and action sports. In addition, IMG Academies is the world's largest and most advanced, state-of-the-art, multi-sport training and educational facility, delivering world-class sports training experiences to over 12,000 junior, collegiate, adult and professional athletes each year.

IMG Media, which includes our content production subsidiaries TWI, Darlow Smithson Productions (DSP) and Tiger Aspect Productions (TAP), is recognized as a global leader in the delivery of traditional and new media content and services, with Internet, broadband and mobile expertise, transforming how audiences access and interact with content.

IMG Media produces and distributes over 11,000 hours of sports, documentary, drama, comedy, entertainment, popular factual and children's content annually, over multiple platforms across 220 countries, including award-winning television and radio programming. It also represents the broadcast rights to many of the world's premier sporting events and has the world's biggest sports archive with more than 250,000 hours of footage.

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