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Mastercard and McLaren Racing sign a major sponsorship deal

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Mastercard and McLaren Racing have joined forces in a multi-year deal that will see the global payments leader become a major sponsor of the McLaren Formula 1 Team. 

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The deal marks the coming together of two preeminent brands known for their focus on innovation and for setting the standard in offering incredible experiences that bring people closer to their passions as well as each other.

Mastercard Priceless Experiences provide cardholders unparalleled access to some of the most exciting properties in sports and entertainment, and this deal will allow Mastercard to extend that into the world of Formula 1 and the McLaren Racing team. Mastercard branding will appear later in the 2024 season.

Raja Rajamannar, Chief Marketing and Communications Officer, Mastercard, said:

We constantly explore new ways to bring value to our customers and cardholders. Central to this is getting them closer to their passions, what they love most, and racing has become one of the most exhilarating, universal passions globally.

Ferrari Trento and Stake F1 Team Sauber extend their partnership

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Stake F1 Team KICK Sauber will toast to the future with Ferrari Trento as the high-end Italian sparkling wine brand, and the team will extend their existing relationship. As part of the agreement, the team will continue to serve Trentodoc, the brand’s luxury sparkling wine, and wines from Tenute Lunelli during all official events on and off the track. 

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Building on a successful partnership dating back to 2022, the team’s relationship with Ferrari Trento is one based on commitment to quality and the continuous pursuit of excellence. Both Stake F1 Team KICK Sauber and Ferrari Trento, however, also stress the importance of putting passion and pleasure into every effort, of enjoying the finer things in life, and of sharing them with friends and loved ones.

On and off the track, the partnership with the company will help the team bring a healthy dose of Italian style and excellence to the forefront and, with each toast, celebrate one of Italy’s main exports—conviviality.

Alessandro Alunni Bravi, Stake F1 Team KICK Sauber Team Representative:

Our sport is the pinnacle of racing, and it’s only right that the sweetest moments are celebrated with the best of toasts. At Ferrari Trento, we have a partner with heritage, a commitment to excellence, and a taste for the finer things in life – the same experience we share with our guests on the trackside. It’s only fitting that we can boast the sparkling wine that graces the podium of Formula One races as part of our hospitality offer: we are proud of our partnership with Ferrari Trento, and we are excited to be able to extend it into the future.

2024 Formula 1 Hungarian Grand Prix Highlights

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Introduction

 

Oscar Piastri has taken his first victory at the 2024 Formula 1 Hungarian Grand Prix after intra-team drama played out, with McLaren teammate Lando Norris belatedly responding to an order to hand back the lead to the Australian who had lost out due to the team’s pit stop strategy.

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After the duo surged three-wide alongside Red Bull’s Max Verstappen at the start, Piastri emerged as the leader into Turn 1 and maintained control for much of the Grand Prix. However, when Norris was called in for his second pit stop ahead of Hamilton to defend his position, the Briton emerged in the lead.

2024 Formula 1 Hungarian GP
2024 Formula 1 Hungarian GP

Exclusive F1 Qualifying Afterparty: Experience the Heartbeat of Budapest

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Vibe and energy that drags you in – experience the most exclusive qualifying afterparty in the heart of Budapest during the Formula 1 Hungarian Grand Prix.

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The five-star Dorothea Hotel is operated by the Marriot International hotel chain under the brand Autograph Collection, which groups together unique, so-called lifestyle, independent hotels with special design and character worldwide.

Where?

Anton Bar & Deli, nestled on the street side of Dorothea Hotel, is a dynamic space that caters to every mood and moment, making it a unique retreat in the bustling city. Functioning as a café from early morning, it offers coffee specialities and fresh pastries baked in-house.

Anton Bar & Deli undergoes a magical transformation as the day turns into night. The vibrant bar comes to life, serving classic cocktails and Cicchetti-styled bites and hosting a live DJ set on Fridays and Saturdays.

Haas F1 Team and Scuderia Ferrari extend their partnership

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MoneyGram Haas F1 Team is delighted to confirm the extension of its long-running technical partnership with Scuderia Ferrari – the new agreement means the American team will continue to utilize Ferrari power units through to the completion of the 2028 FIA Formula 1 World Championship season.

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With new power unit regulations being introduced in 2026, the extended agreement between MoneyGram Haas F1 Team and Scuderia Ferrari provides long-term engine stability for the Kannapolis-headquartered squad – the relationship between the two organizations dating back to MoneyGram Haas F1 Team’s competitive Formula 1 debut in 2016, a total of 178 grands prix together. The 2026 power unit regulations will see the current 1.6-litre, V6 turbocharged hybrid internal combustion engines given a makeover – with more power being available from the hybrid components to improve sustainability while the enhanced power units will run on fully sustainable fuels as well for the first time.

Ayao Komatsu, Team Principal of MoneyGram Haas F1 Team, commented:

I’m thrilled to extend our relationship with Scuderia Ferrari until 2028. As an organization, we’ve only ever raced with Ferrari power units, and to have that continued stability moving into the next set of power unit regulations is a vital part of our ongoing development. The relationship with Scuderia Ferrari has always been a special one to us – they were instrumental in the program’s genesis back in the early days and have been a valuable technical partner to us throughout the past nine seasons. I’m delighted we now have more seasons ahead, and my thanks go to Fred Vasseur and many others at Scuderia Ferrari for continuing to show faith in our project. This announcement is just another example of the long-term ambition of the team – our investment and growth in the sport continue.

MoneyGram Haas F1 Team currently sits seventh overall in the Constructors’ Championship, approaching the Hungarian Grand Prix this weekend, 19-21 July, Round 13 of the 2024 FIA Formula 1 World Championship.

Red Bull Racing Shines at the Goodwood Festival of Speed with Electrifying Performances

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Oracle Red Bull Racing took to the Goodwood Festival of Speed in bullish fashion this weekend with a series of world firsts and exclusive reveals.

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Kicking off the festival on Friday, the Team presented the RB17 to the world’s eye with a launch ceremony in the Goodwood Paddock hosted by Adrian Newey, Christian Horner and Technical Director Rob Gray. The much-anticipated hypercar designed, developed and manufactured entirely in-house at Red Bull Advanced Technologies boasts a top speed of more than 350 kph from its semi-stressed, mid-mounted V10 engine. Only 50 RB17s will be produced, with its static world debut at Goodwood coming after a successful and rigorous prototype testing programme.

Sunday saw another world first, with the Team rolling back the clock to celebrate 20 laps around the sun. Red Bull drivers past and present, with their respective Red Bull Formula One cars, took to the famous Goodwood Hill to form the largest procession of F1 cars in the festival’s 31-year history.

The moment marked another debut, CEO and Team Principal Christian Horner making a run in the Team’s seven-time Grand Prix-winning car, the RB8. Adrian Newey rounded out the procession in the Aston Martin Valkyrie, a car he and the Team built collaboratively with Aston Martin.

Mercedes-AMG F1 Team Racing Towards Ambitious Sustainability Targets

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The Mercedes-AMG F1 Team has released its latest Sustainability Report, showcasing progress from January to December 2023. The report highlights how the team managed an expanding calendar and business growth while adhering to its sustainability commitments. The report also outlines future plans to become one of the most sustainable global professional sports teams.

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Environmental Achievements

Achieved a 10% reduction in market-based Race Team Control emissions using Sustainable Aviation Fuel certificates (SAFc) compared to 2022.
 Reduced business travel emissions by 6,695 tCO2e in 2023 through the use of SAFc.
Saved 339 tCO2e and reduced emissions by 67% using HVO100 biofuel in race and hospitality trucks and generators across the European season.
Facilitated over 5,650 lift-sharing journeys to and from the Brackley campus.
Maintained 100% renewable electricity by purchasing Renewable Energy Guarantees of Origin (REGOs).

Social Progress

Exceeded the target of 25% new hires from under-represented groups every year since 2021.
Engaged in successful activations with Accelerate 25 partners.
Reduced the gender pay gap to 13.4% median and 23.2% mean.
Established an LGBTQ+ Forum and Working Family Network.
Partnered with mental health charity Mind as the Official Team Charity Partner.
Supported over 100 international, national, and local charitable causes.
Provided STEM grants to five local Brackley schools.
Achieved 89% team member engagement with annual Health Assessments.

Governance Enhancements

Implemented a Governance, Ethics, and Compliance Framework.
Published an Integrity Code.
Established a Governance Working Group.
Implemented a whistleblowing policy and platform.
Enhanced the due diligence platform and processes.
Launched a contract management platform.

Toto Wolff, Team Principal and CEO Mercedes-AMG F1 Team, commented:

“As a Formula One team, millions constantly evaluate us every time we race. Our sustainability commitment is a year-round effort to optimize operations and pursue sustainable high performance. Our annual report reflects our broader impact, highlighting our collective efforts beyond the track. We aim to inspire others through our innovation and commitment to becoming one of the most sustainable professional sports teams globally.”

Alice Ashpitel, Head of Sustainability Mercedes-AMG F1 Team, added:

“Environmental sustainability is central to our operations, from the factory to the track and from the boardroom to the pit wall. Our goal of achieving Race Team Control Net Zero by 2030 involves significant emissions reduction and transitioning from carbon offsetting to carbon removal. Our 2023 emissions reduction was achieved through investments in Sustainable Aviation Fuel certificates and biofuel projects, among other initiatives.”

Anca Raines, Chief People Officer Mercedes-AMG F1 Team, said:

“Our platform as a sports team is responsible for setting high standards and being authentic role models. Our Accelerate 25 program has fostered increased diversity and representation within our organization. We have consistently exceeded our target of 25% new hires from underrepresented groups since 2021, integrating inclusivity into all aspects of our team.”

IWC Schaffhausen and Lewis Hamilton Celebrate Ten Years of Partnership

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During the British Grand Prix weekend in Silverstone, IWC Schaffhausen and Lewis Hamilton celebrated ten years of their exclusive partnership. The Swiss luxury watch manufacturer extended a rare invitation to Hamilton for a “Best of British” boat ride on the Thames, a journey that passed some of London’s most famous landmarks to mark this exceptional occasion.

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Upon his arrival at the exclusive cocktail reception, which offered a breathtaking view of the Battersea Power Station, the seven-time world champion shared captivating insights into his career with the Mercedes-AMG PETRONAS Formula One team. He reminisced about some of the most memorable moments of his life as an IWC brand ambassador. Numerous notable guests, including the renowned British actor Damson Idris, attended the event at a rooftop bar.

In 2013, a significant chapter in the history of IWC Schaffhausen was written when it became the Official Engineering Partner of the Mercedes-AMG PETRONAS Formula One team. This milestone also marked the beginning of the Swiss luxury watch manufacturer’s shared journey with Lewis Hamilton, one of the most successful F1 pilots of all time and a style and fashion icon with global appeal. IWC invited Hamilton to a “Best of British” boat ride on the Thames to celebrate more than a decade of partnership.

From Butler’s Wharf Pier to Battersea Power Station, where IWC has had a boutique since 2022, the Mercedes-AMG PETRONAS Formula One team driver passed by some of London’s most famous landmarks – among them Tower Bridge, the Shard, Tate Modern Gallery, Big Ben and the London Eye. Accompanied on the yacht by British TV presenter and broadcaster Roman Kemp, Hamilton recalled some of the most memorable moments from his ten years as an IWC brand ambassador – such as racing a fighter jet, driving with a thousand drones in Las Vegas or competing in entertaining golf and basketball challenges in Miami. During the boat ride, Lewis Hamilton wore the Pilot’s Watch Performance Chronograph 41 Mercedes-AMG PETRONAS Formula One Team (Ref. IW388306) in Ceratanium® with a black dial.

Red Bull Technologies reveals the Red Bull RB17 Hypercar

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The Red Bull RB17 was revealed at the Goodwood Festival of Speed by Oracle Red Bull Racing Team Principal and CEO Christian Horner, Group Chief Technical Officer Adrian Newey, and Red Bull Advanced Technologies Technical Director Rob Gray.

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Designed by Adrian Newey and Red Bull Advanced Technologies, the Red Bull RB17 builds on 20 years of innovation in Formula One, which resulted in Oracle Red Bull Racing winning six Constructors’ titles. The RB17 features a two-seater carbon fibre monocoque chassis with a semi-stressed mid-mounted naturally aspirated V10 engine that is red-lined at 15,000 rpm.

Power is transferred to the rear wheels via a carbon fibre gearbox. Weighing under 900 kg and with more than 1,200 HP, the RB17 delivers F1-equivalent lap times and top speeds of over 350 kph while remaining easy to own and operate.

From developing the initial concept to delivering the finished RB17 to customers, Red Bull Advanced Technologies is responsible for the Hypercar’s entire design and building process. Only 50 will be sold, making each owner part of an exclusive club.

Stake F1 Team appoints Stefan Strähnz as Programme Director

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Stake F1 Team KICK Sauber will bolster its management team and continue on its ambitious restructuring path towards its future as Audi’s F1 factory team with the appointment of Stefan Strähnz, who joins from Mercedes to the newly created position of Programme Director.

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Joining on October 1st, 2024, Strähnz will report directly to CEO Andreas Seidl and will bring a wealth of operational and organisational development and leadership skills as the team dramatically ramps up its growth in the run-up to Audi’s entry into the sport in 2026.

Strähnz brings to the table more than 20 years’ experience in F1, in which he worked for Toyota, BAR, Renault and Lotus, and enjoyed an incredible level of success as part of the Mercedes team, for which he worked for nearly 13 years. During this time, he held various engineering roles before moving into technical management and leadership positions, eventually transitioning to operational and organisational strategy development and implementation. In these roles, Strähnz specialised in developing, simplifying and driving the delivery of complex and time-critical programmes, acquiring crucial experience that will be used as Sauber Motorsport transforms into the Audi factory team.

Andreas Seidl, CEO of Sauber Group:

“I am delighted to welcome Stefan to the team. I am sure he will bring an incredible amount of experience from his previous roles, in which he won multiple races and championships, to complement further and strengthen our leadership team. With his unique experience, Stefan will play a vital role in driving the team’s overall effectiveness and prepare us on our journey to full finance regulation optimisation as we become the Audi F1 factory team. Working closely with myself, the management team and all our expanding technical, operational and finance departments, Stefan’s main mission is to deliver fully streamlined and optimised F1 car programmes, from concept through to track introduction.”

A sign of things to come?

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When the South African F1 driver, Jody Scheckter, became World Champion way back in 1979, a lot of people predicted that it would be just the start of a procession of young South African drivers into Grand Prix racing. After all, didn’t South African have its own National F1 Championship between 1960 and 1975? It was obviously a motorsport loving country to be able to not only fund its own championship but introduce so many expensive F1 cars into the championship. They included models from Lotus, McLaren, Cooper and even boasted a few F5000 cars. The last ever South African F1 Championship Winner was Dave Charlton.

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When a host of young South African Formula ford drivers packed their bags and headed for the UK in the footsteps of their new World Champion Jody Scheckter, the future had looked positive.

Formula ford 1600 in the UK was the proving ground for young drivers from around the world and entry lists of 120 cars per round of the various Championships were commonplace. It would mean a tougher lifestyle, cold weather, rain and grey skies, but what an opportunity in motorsport. Right at it’s very heart, it was also a reasonably priced series, due mainly to the fact that drivers could look after their own cars, probably with a friendly mechanic and the days of the professional teams such as Carlin, Rushen-Green and Fortec hadn’t hit the scene at that time. The racing was dramatic and exciting, with little difference between the various marques ensuring close racing.

The brigade of South African drivers who shone in this highly competitive era included Roy Klomfass, Rad Dougall, Kenny Gray, Bobby Scott, Basil Mann, Mike White and Trevor van Rooyen amongst several others. Surely this would result in more South African racers into F1? Amazingly and for many reasons, some political and some financial, the expected stream of South African F1 drivers into F1 has never materialised, not even one!

2024 Formula 1 British Grand Prix Highlights

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Introduction

 

Lewis Hamilton has claimed a long-awaited 2024 Formula 1 British Grand Prix victory in a thrilling race at Silverstone, with the Mercedes driver holding off a challenge from Lando Norris to take the win.

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While pole-sitter George Russell had led away from Hamilton as the event got underway, an exciting battle soon unfolded between the Mercedes cars and the McLaren pair of Norris and Oscar Piastri amid changing weather conditions.


2024 Formula 1 British GP
2024 Formula 1 British GP

Interview: Is Yuki Tsunoda Poised for a Top Seat in Formula 1?

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In an exclusive interview with Paddock Magazine, Japan’s F1 hero, Yuki Tsunoda, revealed the top three areas in which he has improved the most since his F1 debut. And, more importantly, is he ready for a top seat? Let’s find out!

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There have been some ups and downs in terms of car performance this season, but you scored more than twice the number of points your teammate scored [till the Spanish GP]. Is this your strongest season in Formula 1 so far?

Yuki Tsunoda: Yes, I would say so. Obviously, the overall result is always a combination of car performance and your performance. Last year was already decent, but we struggled a lot with the car’s performance. To answer your question, that would be a yes. I’m in very good shape now, and I’d also like to highlight my mentality and approach to how I go into the race weekend. This is my best season in Formula 1 so far.

From your perspective, what are the main factors behind your impressive performance this year?

Aston Martin Unveils DBX707 AMR24: A Formula 1 Inspired Super SUV

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The new and exclusive DBX707 AMR24 celebrates Aston Martin’s Aramco Formula 1 Team and its involvement at the pinnacle of motorsport. The exclusive DBX707 AMR24 Edition gets the same racing identity as the AMR24 F1 car and the Official Medical Car of Formula 1. Additional highlights are available to amplify the racing look even further and reflect the brand’s racing pedigree.

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Continuing its tradition of celebrating the Aston Martin Aramco Formula One Team, Aston Martin introduces the exclusive DBX707 AMR24 Edition. This special edition, named after the brand’s Formula 1 challenger, shares a racing identity with both the AMR24 F1 car and the Official Medical Car of Formula 1, creating a strong connection with the world of motorsport.

The AMR24 F1 car is a culmination of countless hours of work and uncompromising craft, built on the strengths of its predecessor and with the learnings from Aston Martin Aramco’s most successful season to date. The first car to be designed and built at the state-of-the-art AMR Technology Campus at Silverstone, the 2024 Challenger is a substantial evolution intended to provide the perfect platform for in-season development throughout the relentless pursuit of progress.

In celebration of the Aston Martin Aramco Formula 1 on-track presence, the DBX707 AMR24 Edition raises the intensity and road presence even further for the brand’s critically acclaimed ultra-luxury, performance SUV. A curation of unique colour and trim features creates a DBX707 that unifies the exhilarating world of F1 with the world’s most dynamic and powerful luxury SUV, delivering a truly dynamic, racing look.

Haas F1 Team Signs Oliver Bearman

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MoneyGram Haas F1 Team has signed Great Britain’s Oliver Bearman to compete for the US squad on a multi-year contract beginning with the 2025 FIA Formula 1 World Championship. The 19-year-old Scuderia Ferrari Driver Academy member is currently an official reserve driver for the team while contesting the FIA Formula 2 Championship for Prema Racing – Bearman collected his first win of the 2024 campaign last weekend in Austria in the Sprint race to add to his tally of four victories from a stellar rookie season in 2023.

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Bearman, in his additional role as reserve driver for Scuderia Ferrari, made a memorable Formula 1 debut back in March in Saudi Arabia, substituting for the sidelined Carlos Sainz – in doing so, becoming the third-youngest racer in Formula 1 history. His mature performance from the then 18-year-old from Chelmsford saw Bearman classified seventh and firmly in the points on his one-off race appearance behind the wheel of the SF-24, a promising sign of his potential in the sport.

No stranger to MoneyGram Haas F1 Team – the only American team competing in Formula 1, Bearman participated in two FP1 sessions for the Kannapolis outfit in 2023, in Mexico and Abu Dhabi, respectively, followed by a full day in the VF-23 at the end-of-season test in Abu Dhabi. Announced as an official reserve driver for MoneyGram Haas F1 Team in January of this year, Bearman’s work with the team this season includes six FP1 sessions, with the British Grand Prix at Silverstone this weekend marking his third appearance in the VF-24 with Hungary, Mexico and Abu Dhabi to follow.

Ayao Komatsu, Team Principal of MoneyGram Haas F1 Team, said: “It’s an exciting thing to give a young driver as talented as Oliver Bearman his first full-time seat in Formula 1. He’s developed into an incredibly mature driver under the guidance of the Scuderia Ferrari Driver Academy. The world saw that for themselves when he was called in at the last minute to compete at the Saudi Arabian Grand Prix. Oliver proved he was more than ready for the task, and we’ve seen that for ourselves running him in the Haas cars in our FP1 sessions over the past two seasons.


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