Photo: Formula E
Wyc Grousbeck, co-owner of NBA basketball team Boston Celtics and co-founder of Causeway Media Partners, has announced a multi-million investment in Formula E Holdings, series promoters of the new all-electric Formula E championship.
The exact amount of the investment hasn’t been revealed, but Formula E Holdings announced that Wyc Grousbeck will serve as a member of the Board of Directors.
“I am happy to announce that Causeway Media Partners has brought its deep network of NBA and NFL owners, as well as media executives and renowned investors, to Formula E. We believe Formula E is a great evolutionary step in motorsport and a way to entertain millions around the world while driving the development of the best possible electric vehicles,” said Grousbeck.
“We’re extremely happy to welcome Wyc Grousbeck and his Causeway Media Partners as a shareholder of Formula E and know they will prove to be a great asset to the development of the series. Wyc brings with him extensive knowledge and experience of the US sports market which of course remains a key area for Formula E given we have two US-based teams, two US cities, broadcaster FOX Sports and of course the US’s ever expanding Electric Vehicle market,” Alejandro Agag, CEO of Formula E Holdings, added.
“I am happy to announce that Causeway Media Partners has brought its deep network of NBA and NFL owners, as well as media executives and renowned investors, to Formula E. We believe Formula E is a great evolutionary step in motorsport and a way to entertain millions around the world while driving the development of the best possible electric vehicles,” said Grousbeck.
“We’re extremely happy to welcome Wyc Grousbeck and his Causeway Media Partners as a shareholder of Formula E and know they will prove to be a great asset to the development of the series. Wyc brings with him extensive knowledge and experience of the US sports market which of course remains a key area for Formula E given we have two US-based teams, two US cities, broadcaster FOX Sports and of course the US’s ever expanding Electric Vehicle market,” Alejandro Agag, CEO of Formula E Holdings, added.
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