Menu
Marketing and Sponsorship

Toyota Ends 44-Year Partnership With Grand Prix Of Long Beach

Toyota began its relationship with the Grand Prix during the event’s inaugural year in '75GETTY IMAGES

Toyota has "ended its 44-year partnership with the Grand Prix of Long Beach," forcing race officials to "find a new title sponsor" ahead of next April's three-day festival anchored by an IndyCar race, according to a front-page piece by Haire & Munguia of the Long Beach PRESS-TELEGRAM. Grand Prix Association of Long Beach President & CEO Jim Michaelian said that the automaker told race organizers it "would not renew its latest three-year contract shortly after this year's event." Toyota's North American division "began its relationship with the Grand Prix during the event’s inaugural year" in '75, when it began "providing a pace car." Toyota the following year "created a charity match race," and in '80 became the "title sponsor." Long Beach Mayor Robert Garcia said, "Once they made the decision to move most of their operations out of Southern California and over to Texas, I think a lot of us wondered if that relationship would continue." Toyota GM/Motorsports Laura Pierce "denied that moving the headquarters from Torrance to El Paso played a role in the company ending the partnership." She noted that Toyota still "sponsors a NASCAR race" in Northern California at Sonoma Raceway. Michaelian said that his group has had "meetings with some potential sponsors, both vehicle manufacturers and non-automakers, but would not disclose the names of those companies" (Long Beach PRESS-TELEGRAM, 8/17).

TREASURED RACE: This year's Grand Prix drew around 185,000 fans over the three-day span, and in California, Robert Morales notes the event is "considered IndyCar’s most popular race behind the Indianapolis 500." It is "certainly one of the most coveted" races for drivers. Michaelian said that it all "makes the race very attractive to sponsors." IndyCar had three events on the '18 schedule "without a title sponsor" -- Portland, Sonoma and the infield race at Indianapolis Motor Speedway. As to whether Long Beach could continue without a title sponsor, Michaelian "wouldn’t go there." Michaelian: "We are committed to finding sponsorship needed to make this event happen and we’re going to do that. That’s our responsibility, and we’re going to get it done" (Long Beach PRESS-TELEGRAM, 8/17).

SBJ Morning Buzzcast: April 26, 2024

The sights and sounds from Detroit; CAA Sports' record night; NHL's record year at the gate and Indy makes a pivot on soccer

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2018/08/17/Marketing-and-Sponsorship/Toyota.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2018/08/17/Marketing-and-Sponsorship/Toyota.aspx

CLOSE