Behind the Money

Discover the challenges and successes of Formula One in capturing the American sports market, with a focus on the impact of the Netflix series Drive to Survive. Explore the strategic changes in ownership and marketing tactics to attract new fans, including creating festival atmospheres and aiming for Super Bowl style events at races. Learn about the balance between showmanship and tradition, as well as efforts to engage younger and female demographics.

Brooke Masters and Antoine Gara discuss BlackRock's game-changing acquisition of Global Infrastructure Partners, explaining the significance of the deal for Wall Street. They delve into the evolution of private investments, highlighting the shift towards mainstream finance and the implications for the private capital industry.

Exxon Mobil's massive oil discovery in Guyana is transforming the country, raising concerns about wealth distribution and corruption. Tensions with Venezuela over oil fields are escalating, while local entrepreneurship in the oil industry is on the rise. The podcast explores the potential benefits and challenges of Guyana's oil boom.

The FT’s US banking editor, Joshua Franklin, discusses the clash between US banks and regulators over the proposed Basel III Endgame rules. Banks worry about potential harm to Americans, while regulators emphasize the need for safer banking practices. The podcast explores the impact of new regulations post-2008 financial crisis, the ongoing conflict between banks and the Fed, and the anticipation for changes in Basel III Endgame rules.

FT's China tech correspondent Eleanor Olcott discusses Shein's stalled IPO plans due to its ties with Beijing. Shein considers shifting focus to London for IPO listing amid US-China tensions. The podcast explores challenges faced by Chinese tech companies amid geopolitical issues and how alternative markets like the UK are being explored for IPOs.

The 2024 NBA Playoffs are in full swing, but eyes are still on a team that was knocked out last week. The Minnesota Timberwolves are caught up in an ownership dispute that’s gone south pretty fast, after two prospective buyers attempted to finance their purchase of the team in an unconventional way. The FT’s US sports business correspondent Sara Germano breaks down how the deal came together, fell apart, and the can of worms it’s since opened about owning US sports teams. Clips from Bleacher Report, FOX 9 Minneapolis-St. Paul, KARE 11, House of Highlights, The Dane Moore NBA Podcast- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:The off-the-court fight for one of the NBA’s hottest teamsPrivate equity gears up for potential National Football League investmentsMichael Jordan agrees to sell majority stake in NBA’s Charlotte HornetsMark Cuban’s Mavericks bet- - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Sara Germano (@germanotes) and Saffeya Ahmed (@saffeya_ahmed).Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Explore the rise and fall of a hedge fund manager who took his firm public in 2007, facing a bribery scandal and internal conflicts. Discover the complexities of a failed deal, shareholder disputes, and leadership transition in the finance industry. Contrasting hedge funds with private equity, the podcast delves into challenges of succession planning and the impact of IPOs on company longevity.

Exploring why auditors are missing red flags in audits, the challenges faced by regulators and investors, deficiencies in audits by big four firms, and the push for stricter global standards in the auditing industry. The podcast also discusses the need for auditors to detect wrongdoing more effectively and the ongoing evolution of audit practices to ensure trust in capital markets.

A scandal in the European Parliament involving corruption charges and cash seizures, with alleged ties to a Gulf state, prompts investigations into integrity and democracy.

Exploring the future of Berkshire Hathaway after Warren Buffett's reign, with a spotlight on Greg Abel as a potential successor. Discussions include Berkshire's dividend strategy, the EU corruption scandal, and the challenges of preserving Buffett's legacy. Delve into the aura of Buffett, the conglomerate's diverse holdings, and the upcoming leadership transition at America's 'last great' conglomerate.