Volvo To Title Sponsor Charleston WTA Event Ole Miss, Nike Extend Apparel Deal Coke Zero Rolling Out Ads Around CFB USATF's Nike Rule Relaxed At Worlds Marketplace Roundup Grand Slam Quest Brings New U.S. Open Advertisers Luck Getting More Comfortable With Endorsements Saints OK With Mercedes-Benz' Falcons Move Arizona To Only Take In $500K From Nike Extension Marketplace Roundup
SBD/August 19, 2011/Marketing and Sponsorship
Wheels And Deals: NASCAR Allows Film To Title Sponsor A Race For First Time
Published August 19, 2011
TAKING STOCK: ESPN.com's John Oreovicz wrote Danica Patrick "is going stock car racing," and the move is "the worst-kept secret in motorsports." Oreovicz: "The only question was when, not if. And, like everything else in Patrick's career, it's been dictated more by marketing than by actual motor racing." Patrick "pretty much lost her interest and motivation in Indy cars when she took her first laps in a stock car at Daytona International Speedway in February 2010 -- and saw the long lines at her merchandise trailer, lines of people patiently waiting to spend their hard-earned dollars." Oreovicz wrote not only has Patrick's "talent as an Indy car driver peaked but her marketability in the series has, as well" (ESPN.com, 8/18).
CREDIT WELL EARNED: ESPN the Magazine's Ryan McGee said Richard Petty Motorsports majority Owner Andrew Murstein and his partners deserve credit "for stepping in and doing what looks like a legitimate job." McGee: "We’ve seen outside investors come in before and not take care of business. He appears to have done that." Team namesake Richard Petty "also gets a lot of credit because he’s the one that got all these people in the room.” Petty and the RPM organization “over the years ... have caught a lot of flak for handling things poorly financially with the earlier versions of Petty Enterprises. But they should get a lot credit here because they got the people in the room that now have those cars legit top-15 contenders on a weekly basis” (“NASCAR Now,” ESPN2, 8/19).
OWNERSHIP FORMULA: SKY.com's Mark Kleinman cited sources as saying Singapore billionaire Peter Lim is "buying a minority shareholding the McLaren Group," which owns the McLaren F1 team. It is unclear "how large a stake Lim is buying in McLaren although the deal is likely to value the company at hundreds of millions of pounds." Kleinman noted it is unknown whether Lim, worth an estimated $1.6B, "will have a seat on the McLaren board, although it wouldn't be surprising if he does" (SKY.com, 8/18).