Digital
Transformation
Festival


16 March - 24 April 2020

Our online festival is underway with a packed programme of interviews and panels. Featuring talks from the industry’s biggest brands and most innovative individuals, this event explores what digital transformation really means for marketing.

Available
6 Apr 10:00 GMT / 05:00 EST

Reimagining women’s sport…what do we need to do to change the game?

FEATURING
Tom Corbett
Group Head of Sponsorships and Media at Barclays
Eniola Aluko
Sporting Director at Aston Villa W.F.C
Gabi Mostert
Creative Director at Iris
Rebecca Stewart
Senior Reporter at The Drum

Formula One U-turns on betting sponsorships

Formula One U-turns on betting sponsorships

Formula One has reversed its longstanding opposition to sponsorship by betting firms after new owners Liberty Media agreed terms on a deal thought to be worth as much as $100m to sell sponsorship rights to gambling firms over the next five years.

The deal with Interregional Sports Group (ISG), a marketing agency, marks the first time in close to 40 years in which betting firms will have been able to lay claim to a physical presence on the racetrack, ending a blanket ban enforced by previous owner Bernie Ecclestone.

This new relationship will see ISG pay the cash to Liberty upfront in the hope of turning a profit of its own later by selling individual sponsorship rights to gambling forms worldwide.

Sean Bratches, managing director of F1’s commercial operations, told the FT: “There’s an understanding that sponsorship injects economics into the sport that improves the sport to the fan. You have to balance that with how you serve fans. This is an opportunity that serves both of those masters.”

Sponsors will be afforded the opportunity to have their brands displayed on trackside electronic billboards and on-screen graphics during televised races.

F1 isn't the only sport to ease up on its longstanding objections to gambling partnerships with the NFL also permitting casinos to advertise for the first time.

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