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Leagues and Governing Bodies

Formula 1 Chair Chase Carey Tells Teams 'No Free Lunches' Over $43M Prize Money Drop

Formula 1 Chair Chase Carey said that teams must understand that there are "no free lunches" when it comes to making the sport bigger, "amid unease" about a $43M fall in their prize money pot, according to Jonathan Noble of MOTORSPORT. A "number of outfits have expressed concern about an unprecedented drop in the commercial rights income" for the most recent quarter. Carey said, "I think the sport has been underserved by a continual short-term focus. I think we've got some fresh momentum back into it. A lot of things were not going in the right direction in recent years, but this year attendance is up, viewership is up and I think we've got a much more positive spirit behind it. The sport needed fresh energy and investment. To grow things, well, to use an American phrase, there are no free lunches. ... When you're building a digital organization, usually you have costs before you get returns. ... From the teams' perspective, sure, everybody would like to have free lunches and get the growth without the investment. The world doesn't work that way" (MOTORSPORT, 11/30).

UNDERMINING ABILITIES: The PA reported Mercedes F1 Motorsport Dir Toto Wolff believes a single-gender motor racing championship would "undermine" women and "harm their prospects of making it" to F1. Motor racing is "the world's biggest sport which does not offer an alternative for women to compete at standalone events." It has been "more than 40 years" since a woman entered an F1 race. Wolff said, "An all-women championship is giving up on the mission of eventually making girls compete on a high level and against the boys in Formula 1. It is undermining what girls are able to achieve. Motor racing is a little bit like horse riding where we fight with the same tools. I believe that motor racing is a sport where women can take on men" (PA, 11/29).

Phoenix Mercury/NBC’s Cindy Brunson, NBA Media Deal, Network Upfronts

On this week’s pod, SBJ’s Austin Karp chats with SBJ NBA writer Tom Friend about the pending NBA media Deal. Cindy Brunson of NBC and Phoenix Mercury is our Big Get this week. The sports broadcasting pioneer talks the upcoming WNBA season. Later in the show, SBJ media writer Mollie Cahillane gets us set for the upcoming network upfronts.

SBJ Morning Buzzcast: May 7, 2024

The PWHL playoffs set to begin after record-breaking inaugural season; Smith Entertainment Group announces plans for Utah hockey franchise HQ; new title sponsors for the PGA Tour event in Charlotte and college football bowl game in Arizona.

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.

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