NFT

How Formula 1 Divides Revenue Amongst Teams and More

F1 Grid

This week in the Business of Motorsport, I bring you an analysis by Racing News365 of how Formula 1 revenues get divided amongst the teams. In addition to that, there are details on increased F1 viewership in the United States, a potential sale of the DTM, and whether MotoGP is reaching its limits. I also … Read more

Las Vegas Goes All Out as Crypto Crashes

Las Vegas Grand Prix Grandstands

With the announcement that Wynn Las Vegas is offering a $1 million package for the Las Vegas Grand Prix in the midst of a cryptocurrency sports sponsorship meltdown, it has been an interesting week in the Business of Motorsport. In addition to grandstands on the Strip, I look at the support for the upcoming Detroit … Read more

The Business of Being a Race Driver for October 25, 2022

Porache GT Cars at Toronto Indycar Race 2022

This week in the Business of Being a Race Driver, I kick things off with the announcement that a major automotive brands group has announced the opening of its sponsorship applications for the 2023 season. You have until December 15, 2022, to make your pitch. I also feature several actionable tips that you can use … Read more

Business of Motorsport for October 21, 2022

Porsche 911 GT3R

The Business of Motorsport is absolutely jam packed this week but here are a few highlights to look forward to: See how an iconic Las Vegas hotel is investing 1 billion dollars in preparation for the inaugural Las Vegas Grand Prix. Learn about the first and so far, only sports betting app dedicated entirely to … Read more

NIL, NFTs, DAOs and the Future of Driver Development: Opportunity Knocks

NIL, NFTs, DAOs and the Future of Driver Development: Opportunity Knocks

There are a number of developments in the sports world that have occurred in the last 1-2 years that will have a direct impact on how athletes can monetize their careers, and motorsport is no exception. From American college athletes now being able to control their NIL (Name, Image, Likeness) rights to athletes dropping NFTs … Read more

Business of Motorsport for July 22, 2022

Business of Motorsport for July 22, 2022

This week in the Business of Motorsport news roundup there are all kinds of developments to digest. From the growth of Formula One since Liberty Media bought the commercial rights, to Indycar’s quest for a third engine supplier, to IMSA’s new look GTP class and how the concept evolved. I also sadly bring news of … Read more

The Business of Being a Race Driver for April 26, 2022-Keep Building That Brand

The Business of Being a Race Driver  for April 26, 2022

This week in the Business of Being a Race Driver, I bring you four nuggets of information you may find useful as you pursue your motorsport goals off the track and in the boardroom and online. Everything from building your brand outside of social media, to the details of how to ensure your social media … Read more

One Electric Racing Driver’s Guide To Sustainable Blockchain

One Electric Racing Driver’s Guide To Sustainable Blockchain

I’d say I’m a pretty untraditional racing driver from an untraditional background. It only makes sense then, that we’re doing some pretty unconventional things at Ellysium Racing, leveraging technology to make headway in an opaque and expensive sport. One of the things my family is totally passionate and absolutely bullish about is blockchain technology and … Read more

Sustainable Blockchain Source Guide

Sustainable Blockchain Source Guide

As a companion to my Motorsport Prospects article One Electric Racing Driver’s Guide to Sustainable Blockchain, here is a Sustainable Blockchain Source Guide for more information and context. Overall info The Web3 Starter Pack Sponsorship Formula E establishes first blockchain title sponsorship with Avalanche The rise of crypto sponsorships in sports Is cryptocurrency sponsorship too … Read more