MoneyGram Haas F1 Team’s Post

Managing a complex bid can feel like a high-speed Formula 1 race against time. Am I saying that you're basically an F1 driver if you're on a bid/proposal team? Yes, I am. https://lnkd.in/euBB6QVT #govcon #governmentcontracting #bidmanagement

A deep dive demystifying Andretti Global’s failed F1 bid is just one of the topics covered in this week’s edition of the Business of Motorsport Roundup. I also look at how one race team was forced to withdraw from a series after the sanctioning body refused to approve their primary sponsor, the future of the Norisring DTM street race and legal analysis of two controversial F1 collisions. All this and much more in the Business of Motorsport Roundup on Motorsport Prospects. Business and legal news that racers can use. #Formula1 #businessofmotorsport #motorsportsponsorship https://lnkd.in/ecApztg4

Managing a complex bid can sometimes feel like a high-speed Formula 1 race against time. But just like in F1, success lies in the hands of a well-coordinated team that works seamlessly together. A well-oiled bid team understands the importance of collaboration, precision, and execution to make sure they cross the finish line ahead of the competition. Here’s why bid teams are like F1 pit crews. #bidmanagement #govcon #governmentcontracting

Managing a complex bid can sometimes feel like a high-speed Formula 1 race against time. But just like in F1, success lies in the hands of a well-coordinated team that works seamlessly together: https://lnkd.in/euBB6QVT #govcon #governmentcontracting #bidmanagement

The prevalence of multi-year contracts among F1 drivers is explained in this issue of the Business of Motorsport. You will also hear why Rwanda thinks they deserve F1, the likelihood of the World Rally Championship returning to America and how IMSA is moving beyond convergence. All this and much more. #businessofsport #motorsportlaw https://lnkd.in/eCbCJyKe

The prevalence of multi-year contracts among F1 drivers is explained in this issue of the Business of Motorsport. You will also hear why Rwanda thinks they deserve F1, the likelihood of the World Rally Championship returning to America and how IMSA is moving beyond convergence. All this and much more. #businessofsport #motorsportlaw https://lnkd.in/eRKW3JF6

So here's a story and also, an idea when it comes to #customerexperience and #Publicrelations. The Haas F1 team has dropped its long-time leader, Guenther Steiner. Since 2016, he was the face of the team and with the coming a show that's brought attention to the sport it hasn't seen in years, he almost became the face of F1. But this is about the new team lead and principal, Ayao Komatsu. Komatsu has been a long time team member and lead engineer. Regardless of the reasons for the turnover, it's causing some damage to the team's reputation. The team owner, Gene Haas, doesn't have a stellar reputation amongst fans. Suddenly departing with Steiner is drawing a lot of speculation and negative emotions from fans of the sport as a whole. In short, here's your reputational and brand damage. Not great for the Haas F1 brand and a potential problem for Haas Automation, the parent company for the F1 team. Mind you, Haas Automation already has its own reputational risks as well. For the new team lead, Komatsu - I think it's important to make a visible, positive public transition as a matter of damage control but more importantly, establish his own identity as team principal as he addresses the engineering and infrastructure challenges. From here, he can borrow from numerous similar solutions with more public appearances, time spent with the team, changes in machine livery style, etc. There are opportunities to engage the public with experiential marketing efforts, new sponsorships, direct communication with fans and key contacts and the rest. Considering his preference for working based on data, he might harness that here, as well. I will say that Komatsu deserves this - he's earned a shot at leading a team and applying a more #data oriented approach to design, engineering, and driving technique. It'll be tough to succeed at Haas F1, but I think he's got the ability to make it happen. And I say this as an #astonmartinf1 fan. Good luck and good racing, Ayao Komatsu!

The 'FIA Formula 1 Regulations' and associated 'Costs Cap' were implemented to attempt to make Formula 1 fairer and more competitive. Is it possible to even the playing field of this luxury sport with such Regulations, or do the potential fines and sanctions for breach, provide the likes of Red Bull Racing and Mercedes little to be concerned about? 🏎 Grateful to have assisted on the below article with Kavan Bakhda and Tom Fennelly for LawInSport.

Demystifying Andretti’s failed F1 bid & anti-dilution fees explained: https://bit.ly/4brV8LK This article explores the commercials relating to an eleventh team on the F1 paddock and how it affects the value distribution among the F1 Teams. It examines the financial reasons behind the decision, including the impact on existing teams' prize money and the potential need for a higher anti-dilution fee. Thank you to the authors for contributing: Shalabh Gupta, CA, CBV, CFE, Amran Nawaz, CPA, CA, CBV & Daniel Nazareth Secretariat #sportslaw #F1