Feld Buys LN Motor Sports

Live Nation, which has been streamlining its assets and focusing on the concert business, has sold its motor sports division to Feld Entertainment. In the process, Feld has made its largest expansion in its 40-year history.

Feld bought the division for an aggregate purchase price of $205 million, consisting of $175 million in cash plus a “performance-based earn out” of up to $30 million, according to a statement. With Feld’s purchase, LN has sold more than $465 million in assets since 2006.

With the sale, Feld Entertainment, which produces Ringling Bros. and Barnum & Bailey Circus, Disney On Ice, Disney Live and Doodlebops Live, has yet another major touring event it can put into arenas. The division has been named Feld Entertainment Motor Sports and includes Monster Jam Series, Monster Energy AMA Supercross, FIM Championship, the AMA Arenacross Series and Thunder Jam.

“Today marks the single biggest expansion of Feld Entertainment in over 40 years,” chairman Kenneth Feld said in a statement. “With the addition of Motor Sports, Feld Entertainment can now offer families everywhere an even wider range of live family entertainment options. … We plan to take Monster Jam and all the Motor Sports spectaculars to more domestic and international markets than ever before.”