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Check out the latest news from our Anglo Scottish Prestige Finance team 👇 #luxuryfinance #prestigecar #carfinance

The Monaco Grand Prix stands out from other Formula 1 races on the calendar due to its unique characteristics. This historic track features narrow streets that pose a challenge, yet much of the excitement surrounding the event extends beyond the actual races. Why is Monaco so wealthy? Simply put, the key to Monaco’s wealth lies in its tax system. With no income tax, capital gains tax, or real estate tax, the region has become a magnet for the super-rich. Apart from the tax benefits, Monaco’s appealing attributes such as a pleasant climate, central European location, and prestigious events make it a playground for those with extravagant lifestyles. Who resides in Monaco? Many current F1 drivers call Monaco home, including Lewis Hamilton, Max Verstappen, and Charles Leclerc, who is not just a resident but also a citizen. The list of residents extends to celebrities from various fields like Bono, Novak Djokovic, and Ringo Starr. What is the cost of living in Monaco? With limited space and an average price of €50,000 per square meter, Monaco boasts some of the world’s most expensive real estate. For visitors attending the race weekend, expenses soar. Yacht berths at Port Hercule can cost up to €3,500 per day, with exclusive spots commanding up to €100,000 for five days. Spectators without grandstand tickets can opt for private terraces overlooking the track, with prices reaching as high as €5,000 for Saturday and Sunday access. How does the money flow during the race weekend? Monaco’s local economy sees a significant boost during the race week, with a reported €102 million influx, of which €68 million is spent in the final four days. Hotels, yachting berths, nightclubs, and restaurants all benefit from the surge in spending. Despite the substantial economic impact, Monaco pays little to host the event compared to other locations. While the exact fee remains undisclosed, it is speculated to be minimal, with Monaco retaining a vast majority of the economic gains from the race. https://lnkd.in/grMrbKJf

Dive into the world of luxury and athleticism with our latest article, highlighting the enchanting equestrian splendor of the 2024 Olympics at Versailles. 🏇 Visit https://lnkd.in/ecAW26sP to read more and indulge in the opulence! #Versailles #Olympics #Equestrian #LuxuryLifestyle"

Formula E on Saturday announced an update to the Season 10 calendar with the cancellation of the Hyderabad race scheduled for February 10. The cancellation comes following a decision by the Municipal Administration and Urban Development Department (MAUD), under the control of the Government of Telangana, not to fulfil the host city agreement signed on October 30. Formula E Operations (FEO) has been left with no choice other than to formally give notice to MAUD that it is in breach of contract. FEO is considering its position and what steps it may take under the host city agreement and applicable laws. All of FEO’s rights in that regard are reserved. The Hyderabad E-Prix would have been the only official Fédération Internationale de l'Automobile World Championship event in India in 2024 and was part of a multi-year agreement between Formula E and the Government of Telangana. Other host cities confirmed on the calendar for Season 10 include Tokyo, Shanghai, Berlin, Monaco and London. The season begins on January 13 with the Mexico City E-Prix. #FIA #FormulaE #HyderabadEPrix #Cancelled #Season10Update #MotorsportsNews #RaceCancellation #FIAWorldChampionship #MotorsportsCalendar #RaceUpdate #HyderabadRace #CityAgreementBreach #FormulaE2024 #HyderabadEvent #MotorsportsChallenges #HostCityDispute #Season10Calendar #469MotorsportsIndia

🏎️ New Look for Monza: The Grand Revamp is Underway! Monza's race circuit is gearing up for an epochal evolution! The restyling works have officially commenced. The track will undergo a makeover, featuring new stands with bars and facilities, expanded underpasses, and a new drivable underpass. All are set to be completed by the end of June, just in time for the Formula 1 Italian Grand Prix from Friday, August 30th, to Sunday, September 1st. 🛠️ Clear and Ambitious Objectives: Meticulous care for the Paddock stands resembling football stadiums with permanent structures, and safer, environmentally-friendly boxes. The project aims to provide impeccable hospitality. By June, Monza will be ready to host events from July onwards, culminating in the prestigious Italian Grand Prix. 🎙️ Monza, Italy's Global Business Card Stefano Domenicali, CEO of Formula 1, emphasizes the project's importance in maintaining Monza as Italy's global business card. The interventions aim to attract not only new fans but also international investors interested in our country. Celebrating a hundred years of history is crucial, but now is the time to look ahead and offer days of passion and enjoyment. 💰 Fontana: Million-Dollar Investments for Revitalization Attilio Fontana, president of the Lombardy Region, announces a massive investment: €55 million for the Park's revitalization and €32 million allocated to ACI. Lombardy aims to be a model of excellence, providing significant resources to ensure the project's success. Collaboration among institutions is crucial, and Monza will become an international benchmark. 🌳 In Brief: Monza Renews for an Exciting Future! Monza's race circuit embarks on an epic transformation to become a global icon. Tributes to a hundred years of history, ambitious projects, and million-dollar investments confirm Monza's role in the hearts of Formula 1 enthusiasts. Enthusiasm, innovation, and safety will guide this new era for the Italian race circuit. 🚗✨

A wavebreaking collaboration: Alpine joins forces with Orient Express Racing Team, the French challenger set to compete in the 37th America's Cup 🌊 A sponsorship that highlights - Shared DNA of Performance and Excellence - a commitment to achieving greatness on the international stage of sailing, mirroring the spirit of innovation and precision synonymous with the Alpine brand - Alpine's Support for French Colours - two entities united by a common goal, showcasing prowess of French talent and technology on a global platform - International Development of the Alpine Brand - an opportunity for Alpine to engage with diverse audiences and enthusiasts who share a passion for both high-performance cars and sailing technology caytoo's #Sponsorship Propensity Index found that automotive brands were 1.37x as likely to engage in sponsorship for a value alignment, 1.15x as likely to do so for brand awareness, but only 0.74x as likely to sponsor for a local connection Our #insights tell rights holders which sectors they are most likely to get sponsors from. Read more 👉 https://lnkd.in/e7tnqmTQ

Dive into the world of polo excellence with our latest blog post: 'Mares - Your Partners in Polo.' 🏇 Uncover the untold heroism of mares on the field, their grace, resilience, and unwavering spirit. 🌟 Join us in celebrating these exceptional equines and let their prowess inspire you to redefine excellence in the thrilling game of polo.

🏎 After a weekend at Monaco F1 Grand Prix 2024, below some learnings. 👇 "F1 Mini MBA" ✅ Global TV viewership 1.5 billion (2021) ✅F1 2023 revenue increase 25% YoY to US$3.2bn ✅Main income drivers are race promotion fees (US$944.05 million), media rights fees (US$1.04 billion) and sponsorship fees (US$579.96 million). ✅Hosting fees are different from country to country. Monaco pays around 20M€ while other locations might reach 50M€ ✅Fan attendance increases 5 % per cent YoY to six million ✅Social media followers hits 70.5 million in 2023 ✅F1 It employs around 50,000 people across + 30 countries. ✅With 24 races per season (there has been an increase from 17 5 years ago), there is more interest to host more races from cities all around the globe ❓ I find really interesting that circuits (with common interests) are not associated F1 teams main revenue streams: ✅Prize money based on performance in races and the championship standings. The better a team performs, the higher prize money ✅Sponsorships Merchandising sales: T-shirts,etc. ✅Investments from Car Manufacturers: Car manufacturers seees F1 as a powerful marketing tool. By investing in teams, they aim to enhance their brand image and make their cars more appealing to consumers. Are you a F1 fan❓ Any missing piece of info to share❓

🌟 Exciting Announcement for Superbike Ladies League Employees 🌟 We are thrilled to share an ambitious vision for the future of Superbike Ladies League! By 2035, we aim to list ourselves on Nasdaq , marking a significant milestone in our industry and beyond. Introducing Profit Sharing Program 📈 To propel our journey towards success, we are introducing a new and innovative profit sharing program. This initiative rewards each employee's contribution to our progress and growth, ensuring benefits are shared when the company achieves predetermined profit levels. 💸 Profit Percentage: We will allocate 15% of our net profits to the profit sharing program. This means that every effort you put in directly contributes to our collective success. 🤝 Equity and Ownership: We are also exploring opportunities for employees to acquire shares in our company. This not only enhances your sense of ownership and responsibility but also aligns your interests with our long-term growth objectives. A Step Towards the Future 🌍 Our aspiration to list on Nasdaq by 2035 is not just a testament to our commitment and capability but also a unique opportunity for our employees to play a pivotal role in our global success. 👏 Thank you for your continued dedication and for being part of this extraordinary journey. Together, we are building a bright future for Superbike Ladies League! #SuperbikeLadiesLeague #SharedSuccess #Vision2035

How to Accelerate Sustainability Creatively? Last month I had the opportunity to experience the Diriyah E-PRIX, the kick-off of the Formula E season 2024 together with SAUDI AIRLINES and demonstrated unique opportunities for the saudi design community. Read my reflections - Arab version: https://lnkd.in/eMY8xS-a - English version: https://lnkd.in/e-9Vvqzr #sustainability #saudidesign #formulae #saudiadesignprogram