FAQ    Search      Profile      Log in to check your private messages     
Forum Index
   eapons and put aside differences during the upcoming Summer
Topic: eapons and put aside differences during the upcoming Summer Reply to topic
 View previous topic :: View next topic    
 Author  Message
Member Since:
Sep 01, 2017
Post subject: eapons and put aside differences during the upcoming Summer Post Posted: Sat Sep 30, 2017 12:22 am
As was widely anticipated, Liberty Media have emerged from the shadows as the new owners of Formula One -- at least, they will be once the deal-making is complete.The news has been greeted with widespread approval in the F1 paddock, which saw previous owners CVC as (at best) uninterested profiteers and (at worst) guilty of raping the sport.?Liberty Media roared into the spotlight this week making much fanfare about opportunities for growth in markets both old and new; team investment in the sport; and a push into social and digital media with a view to expanding the sports audience share: all very good things, clearly. But as Bernie Ecclestone himself pointed out, Liberty arent interested in F1 for philanthropic reasons, but for financial ones. Whether or not the deal proves to be good for the sport long-term remains to be seen, but current auspices are positive.Speaking following the formal announcement of the deal, incoming Formula One Group Chairman Chase Carey pointed to the opportunities for growth within the sport. So what do we see as the opportunity?, he asked. The opportunity is to grow and develop this sport for the benefit of the fans, teams, partners and our shareholders by increasing promotion and marketing of Formula One as a sport and brand.Enhancing the distribution of content, especially in digital -- currently a very small percentage of revenue. Evolving the race calendar. Establishing a broader range of commercial partnerships, including sponsorships. Leveraging Libertys expertise in live events and digital monetization to make our events bigger than ever.We were particularly attracted to F1 by the diverse revenue drivers and low-risk business models, Carey added. There are essentially three core revenue buckets in the business: race promotion, broadcasting and advertising, and sponsorship - each with significant growth potential as we go forward.Formula One is a key player in the high-growth market for live, premium sports rights. There is an increasing demand from broadcasters, advertisers and sponsors who want access to F1s mass global live audiences and attractive demographics.Carey went into more detail about the opportunities for growth, pointing to both the entrenched European market and growth areas in Asia and the Americas as ripe for exploitation.In terms of developing markets, clearly new markets are opportunities as a global sport, and were excited about that, to grow the sport, expand the sport in places like the Americas and Asia, said Carey. But I want to be clear that, certainly, the established markets -- the home and foundation of Formula 1 is Europe in particular -- are of critical importance.Building the sport in Europe, building on that foundation, has got to be second to none. We do want to take advantage of the global footprint of this sport, we want to focus on it. In the longer term, markets like the US and key Asian markets are opportunities to develop. Were not going to do that overnight. But there are huge audiences there. If we reach those fans using digital platforms and some of the tools that havent been exploited aggressively, we can build a whole new generation of fans in places that, historically, have been as significant a part of the Formula 1 fanbase.An interesting element of the deal is a clause allowing the teams to invest in the sport once the takeover is complete. The teams will be given the opportunity to participate in the investment in Formula One, and the detailed terms of that investment will be agreed in due course, the statement read. Certain teams have already expressed an interest in investing after completion of the acquisition.The paddocks reaction to the news has been generally positive, with Force Indias Bob Fernley pointing to the potential for growth under media-centric owners, while McLaren called it a positive step for the sport. Speaking in Monza over the weekend, Toto Wolff was cautiously optimistic.If there is an investor who wants to buy the shares, it is good news for F1, the Mercedes boss said. Maybe it is good news that an American media company buys F1, but I dont know the details of the transaction and neither do I know what happens in terms of management. Bernie has done an awesome job over 50 years and made it what it is.Liberty Media Chief Executive Greg Maffei said at the announcement: We are excited to become part of Formula One. We think our long-term perspective and expertise with media and sports assets will allow us to be good stewards of Formula One and benefit fans, teams and our shareholders. Wholesale NFL Jerseys . LOUIS -- Theres no telling how these wacky World Series games will end. Wholesale Jerseys Free Shipping . Each of Houstons starters scored in double figures as the Rockets improved to 2-0 against the Spurs this season, with both victories coming on the road. They also moved within 3 1/2 games of San Antonio (22-7) for the lead the Southwest Division. http://www.nflcheapauthenticjerseys.com/ . With the first unit struggling of late and Amir Johnson - one of the teams iron men - hobbling on an injured right ankle, Patterson knew he could get the nod in a challenging matchup against one of the leagues up and coming players at his position. Adidas Hockey Jerseys From China . Reigning world champion Eve Muirhead of Scotland opened with a 12-2 rout of Winnipegs Jennifer Jones in a battle of teams bound for the 2014 Winter Olympics in Sochi. Cheap NFL Authentic Jerseys . PETERSBURG, Fla. UNITED NATIONS -- Secretary-General Ban Ki-moon is calling for an Olympic truce and urging all warring parties to lay down their weapons and put aside differences during the upcoming Summer Games in Rio de Janeiro.The U.N. chief said in a video posted on Twitter on Tuesday that the International Olympic Committee and the United Nations work closely together for global harmony and peace.I congratulate all the athletes and all the supporters and fans wwho will be filling the sporting arenas of Rio in the weeks ahead, Ban said.dddddddddddd The Olympics and Paralympics celebrate the best of humanity.The 193-member U.N. General Assembly has passed resolutions since 1993 calling for an Olympic truce, but countries continue fighting wars whether the Olympics are on or not. Cheap NFL Jerseys Wholesale Jerseys Wholesale NFL Jerseys Jerseys From China Wholesale NFL Jerseys Cheap NFL Jerseys Cheap Jerseys ' ' '
View user's profile Send private message
Reply to topic Reply with quote
Display posts from previous:   
All times are GMT
Page 1 of 1

Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

Powered by phpBB © 2001, 2005 phpBB Group
About Privacy Policy Terms of Use Help
© 2006 GamesCafe.com Inc. All rights reserved.