F1 drivers are demanding transparency from the FIA and this week you will see how a debate about swearing has just gotten a lot more interesting. I also have a look at Liberty Media’s plans for MotoGP, how Formula E moved their testing location in 72 hours and the latest on the NASCAR lawsuit with Michael Jordan. All this and more in this edition of the Business of Motorsport Roundup.
Motorsport Industry News
Formula 1
Awhile back I asked the question, is the FIA fit for purpose? And the ongoing controversy over the driver’s swearing is just another example of whether or not the FIA are focusing on the right priorities.
The Grand Prix Drivers Association (GPDA) has just issued a statement demanding transparency from the governing body by asking the FIA to reveal where exactly these imposed fines go. According to Autosport, (The GPDA) asked that Ben Sulayem should “provide financial transparency” for the application of any money accrued from fines, and that all stakeholders should be in agreement of where to put that money.”
Furthermore, the FIA should treat the drivers as adults and understand that “there is a difference between swearing intended to insult others and more casual swearing, such as you might use to describe bad weather, or indeed an inanimate object such as a Formula 1 car, or a driving situation.”
The Race notes that this demand for transparency is probably not the way FIA president Mohammed Ben Sulayem expected things to go when he brought up the issue and now it leads the FIA president with nowhere to hide.
Even veteran F1 writer Joe Saward is losing patience with the FIA. “I have to say that I am appalled by the FIA’s current campaign about bad language. Fining Charles Leclerc €10,000 for saying “f*ck” in the post-race press conference in Mexico seemed wildly excessive. F1 is not supposed to be missionary service, going around trying to cure the ills of the world. The stars are not meant to be like Snow White.”
It all leaves a bad taste in most people’s mouths and the sympathy is trending towards the drivers and not the FIA, yet again.
In non-swearing Formula 1 news, F1 CEO Stefano Domenicali confirms that the European calendar will be overhauled with some potentially hosting grands prix on a bi-annual basis according to Autosport.
“We have some news to share very, very soon with regard to the possibility in the mid-term to have some rotational European Grand Prix and some other new options coming later,” Domenicali said on a Liberty Media investors call. “This is something that, of course, we will clarify in the due course. It is true that we have a large demand of new possible venues that wants to come in and our choice will always be balanced between the right economical benefits that we can have as a system and also to leverage in the growth on the market that we can see potential that will be beneficial for us to grow even further our business.”
You can read more about the plan here.
Christian Horner has cemented his status as the highest paid F1 team principal, with Red Bull’s accounts revealing that he received an 11 per cent pay rise in 2023. “The latest published accounts for Red Bull Technology Ltd have revealed that the company’s highest-paid director, believed to be Horner, has been rewarded for the marque’s recent success with a pay rise of 11 per cent. The boost has seen his salary rise from £8.04million in 2022 to £8.92m in 2023.”
Read more at Planet F1.
Autosport reports that the future of F1 broadcasting in Brazil and the United States is unclear with contracts running until the end of 2025 – for now. “But, with interest in the championship still riding the crest of a wave, uncertainty over broadcast deals in the key markets of the US and Brazil could see some of that popularity crash down to earth.”
Read more here.
General Motorsport Industry News
Formula 1 owner Liberty Media is hoping to complete its proposed takeover of MotoGP by the end of 2024 according to Autosport. “Let me turn briefly and give you a MotoGP transaction update,” Liberty president and CEO Greg Maffei added. “We are making progress with the European Commission which is our only remaining regulatory jurisdictional hurdle and we continue to expect a year-end close.”
Once the transaction closes, Maffei wants to take what has worked with Formula 1 and apply that to MotoGP as SpeedCafe explains. “We saw what we were able to do with Formula 1 by telling the stories, making them humanised, making the story larger than just about the car, the technology, but also about what the drivers were doing, what was going on behind the scenes, telling those stories, making sure the world understood the breadth of what was going on.”
“But also we did a lot to improve things like improving the TV experience, improving what you could see on the screen, making our fans understand the story better. All of those are things that can be helped here.”
MotoGP also announced that the season finale will now take place in Barcelona instead of Valencia due to the tragic flooding affecting the region.
In Formula E news, driver Lucas di Grassi has has told Motorsport Week that drivers in the series are the second-best paid in any motorsport after Formula 1. “Before, when I did GP2 back then, Formula 2 now, you had Formula 1, IndyCar maybe, and endurance racing with very few teams in an LMP1, so it was even a tighter market. “Now at least Formula E has another 20 spots or 22 spots that drivers can make a living, a good living out of it.”
Autosport explains the incredible last minute logistical work involved in getting Formula E from Valencia to Jarama for their pre-season test. “Decision to cancel made, attention immediately turned to whether a new alternative could be found at such short notice and “how do we get approximately 100 tonnes of equipment from Valencia to any track in the south of Europe and within a time frame of 72 hours”, adds Longo.”
Read all the details at Autosport here.
NASCAR has penalized the No. 23 23XI Racing Toyota of Bubba Wallace, the No. 3 Richard Childress Racing Chevrolet of Austin Dillon, and the No. 1 Trackhouse Racing Chevrolet of Ross Chastain, due to what the Series has deemed potential race manipulation after the review of Sunday’s radio communications of those teams during the Martinsville Cup race.
The penalties are the same for the all three drivers and teams across the board: A $100,000 fine, the loss of 50 driver and owner points, and one-race suspensions for crew chiefs, spotters and key team executives. Motorsport.com has all the details.
The World Endurance Championship has captured the attention of manufacturers and fans, but how does it plan to capitalize on its rising popularity? BlackBook Motorsport looks back over the 2024 WEC season to pick out the major off-track storylines from a record-breaking year.
“It has taken some time for the series to establish itself since being founded in 2012, but it is safe to say that any growing pains are firmly in the past. After all, it was initially challenging to recreate the excitement around its most famous event across the rest of the calendar.”
Read their full analysis here.
Quick Takes on the Business of Motorsport This Week
- What it’s like under Michael Jordan’s watch in the heat of a NASCAR race (The Athletic)
- Tyler Reddick Racing for a Championship While Michael Jordan Sues NASCAR Is Irony at Its Best (The Sports Rush)
- How America’s Latest Sports Obsession Joined the 2024 Presidential Ticket (Formula Flash)
- Stars Aligned: How E1 Series is Capitalising on Celebrity Influence (Sports Pundit)
- F1’s rising star Franco Colapinto has already been compared to Messi, but will the hype last? (The Athletic)
- Yesterday evening, Mission 44 held its first-ever fundraiser, bringing together celebrities, partners and young people for a night of purpose-driven celebration (Mission 44)
- How the BTCC helped inspire young people facing tough lives (Autosport)
- Grand Opening for New GMG Headquarters at Thermal Club (Sportscar365)
- Formula 1 launches global education programme ‘Learning Sectors’ with British Council (Formula 1)
- FIA Launches CareerShift with WEC (FIA)
- 6th Senior Executive Programme successfully concludes at Columbia Business School (FIA)
- Sri Lanka motorsports in rutty mess, deflated by sabotage (Sunday Observer)
- Racing Force Group and Bahrain International Circuit announce completion of Bell Racing Helmets factory extension and groundbreaking for new OMP production facility (Racing Force Group)
- Industry Convenes at NASDAQ for Sportico’s ‘Invest in Sports’ (Sportico)
- Changing the Game: Unlocking New Opportunities in Sports (Goldman Sachs)
Highlights from the Sustainable Motorsport Roundup
How Formula 1 innovation can drive a net-zero future is just one of the topics covered in this week’s Sustainable Motorsport Roundup. Motorsport is uniquely positioned amongst all other sports to directly contribute global sustainability solutions, and you will see how this week. I also have news on a “Battle of Technologies” on the track, dealing with an electric dragster fire and much more.
The Numbers
Formula One’s viewership for the Sao Paulo Grand Prix was decimated last weekend after severe weather but NASCAR delivered its second-highest viewership of this season’s playoffs at Martinsville. BlackBook Motorsport has all the details.
Ferrari topped the podium for the second consecutive race at the recent Mexican Grand Prix, igniting fan excitement with a record attendance of 404,958 people across practice sessions, qualifying, and race day. Blinkfire Analytics has the numbers.
Motorsport Law Roundup
A look at some of the legal and regulatory issues and analysis in Motorsport this week
The North Carolina federal judge overseeing the antitrust case against NASCAR will remain on the case after attorneys waived concerns about the apparent conflict posed by one of his former clerks working on the suit. Here are the latest developments in the ongoing NASCAR lawsuit.
- Conflict Fears Won’t Take Judge Off NASCAR Antitrust Suit (Law360)
- NASCAR Lawsuit: Everything That Was Said At the Court Hearing Including Judge Ruling and Timeline (The Sports Rush)
- NASCAR Charter Lawsuit: Injunction Tug of War Continues as 23XI Racing & FRM Reveal Stance (The Sports Rush)
Sport Law has provided Guidelines for the Modern Waiver in Law: 10 Ways to Reduce Risks that is particularly applicable to Canadian jurisdictions.
“A waiver of liability is a document outlines the risks that participants are willing to accept. The purpose of waivers is to absolve organizations of potential liability and provides organizations an opportunity to demonstrate their legal responsibility, when used properly. As with any legal document, there is a risk that waivers will not be upheld in court and expose the organization to liability and the payment of damages.”
Read the full article here.
Motorsport Sponsorship & Partnership News
Here are the latest motorsport sponsorship deals, partnerships and related analysis that were announced this week
- Red Bull Sponsorships: A Multi-Faceted Approach Driving Brand Impact (SponsorPulse)
- Formula 1 rider Pierre Gasly takes up padel (Inside The Games)
- Aston Martin F1 team deepen Saudi links with Ma’aden partnership (BlackBook Motorsport)
- SascoSports and Historic Sportscar Racing (HSR) Execute Multi-Year Partnership Agreement (HSR)
- Whelen & Love Return To RCR In 2025 (Speed Sport)
- Nissan Formula E Team announces Marelli as latest technical partner (Nissan)
- IBM to join forces with Ferrari to bring tifosi closer to the team (Autosport)
- B.R.M Chronographes and Ligier Automotive Renew Their Partnership for a Collection of Watches Paying Tribute to Ligier Racing Cars. (Ligier)
- Bell Racing continues as Official Helmet of USF Pro Championships (Racing Force Group)
The Business of Running a Race Team
Team & Manufacturer News
Here is a roundup of the latest team news from around the world of motorsport
- Dandelion Racing: The privateer team taking the fight to Super Formula’s big guns (Japan Racing Insider)
- Grove Racing open to Toyota Supercars talks (SpeedCafe)
- Malaysian prince parts ways with Triple Eight to launch own team (SpeedCafe)
- Red Bull ‘sister’ team to undergo another name change (RacingNews365)
- Mahindra looking for fresh start in Formula E under GEN3 Evo rules (RACER)
- Lamborghini assessing LMDh future; won’t rule out axing programme (Autosport)
- WRT Set to Make 24H Dubai Return With One-Car Effort (Sportscar365)
- McLaren edges closer to Hypercar program (RACER)
- DJR to field Erebus-built chassis in 2025 (SpeedCafe)
- New Supra, MR2 and Celica: Toyota plots sports car bonanza (Torque Cafe)
- Speed Syndicate to Join TCR Grid With Audi for Rumburg (SportsCar365)
- Car Collection Joins 19-Car Field for Bathurst Finale (SportsCar365)
- Miedecke Motorsport Becomes Multimatic’s Australian Agent (Daily Sportscar)
- What the potential $30m constructors’ windfall from Brazil could mean for Alpine (Autosport)
- $3bn and not a single win: the F1 team that Toyota kept on a leash (Motorsport Magazine)
- Ferrari Formula 1 Revenue Rises 20% in Third Quarter (Sportico)
- HERTZ Team JOTA Signs Off After Two Hypercar Seasons With Porsche (Daily Sportscar)
- Porsche: IGTC Title ‘Extra Sweet’ With Local Team Approach (Sportscar365)
- Tower Motorsports Returns to 2025 LMP2 Field with Star-Studded Lineup (IMSA)
- Random Vandals Set for Dual Series 2025 Campaign (Sportscar365)
- Williams counting ‘brutal’ cost of five major accidents in 10 days (RacingNews365)
- Lola takes over Formula E entry licence from Abt (The Race)
- Lamborghini looking to end FIA WEC program ahead of the 2025 season (RACER)
- FF Corse Takes Delivery Of New Ferrari 296 GT3 (Daily Sportscar)
- Ferrari Preparing 296 GT3 Evo for 2026 (Sportscar365)
- What Lancia needs to do to transform its rally return to the WRC (Autosport)
- Yokohama Rubber signs with Scherer Sport PHX racing team (PMW)
- Hill stays as WSR eyes expansion to four or five (Autosport)