Latest news with #SimonGalloway
Yahoo
21-04-2025
- Automotive
- Yahoo
NASCAR reportedly moving championship races back to Homestead-Miami Speedway in 2026
Homestead-Miami Speedway is set to become NASCAR's championship site once again. (Photo by Simon Galloway/LAT Images for Formula E) (Simon Galloway via Getty Images) The NASCAR title races are coming back to Homestead-Miami Speedway. According to the Athletic, NASCAR is moving its championship races back to the 1.5-mile speedway in 2026. The intermediate track hosted the final races of the season for the NASCAR Cup Series, Xfinity Series and Truck Series from 2002 through 2019. Advertisement Homestead is considered one of the best tracks in NASCAR for all three series and especially for the Cup Series. The track has progressive banking in its corners that allows for multi-groove racing and the tire wear over the course of a fuel run helps aid in passing as drivers can make moves through the field as they manage their tires. The title races moved to Phoenix in 2020 as part of renovations to that one-mile track. Phoenix is unlike any other track on the NASCAR schedule and isn't considered a very representative sample of what drivers face throughout the course of the season. Homestead, meanwhile, is one of many intermediate tracks on the NASCAR schedule. Generally, if you're good at Homestead, you're also good at tracks like Kansas, Las Vegas, Texas and Darlington. Kyle Busch won the final Cup Series title race at the track in 2019 for his second Cup title. NASCAR has been running a winner-take-all format in its final race for four drivers at the Cup level since 2014. In 2024, Joey Logano won his third Cup Series title when he won the season finale at Phoenix. Besides being an obvious championship site because of the racing it produces, Homestead is also one of just a few tracks with a climate capable of hosting the final NASCAR weekend of the season because the final race weekend of the season takes place in November.
Yahoo
09-04-2025
- Business
- Yahoo
23XI and FRM file motion to probe F1's finances for NASCAR lawsuit
23XI Racing and Front Row Motorsports have been busy over the last two weeks filing court motions to convince various sports leagues to comply with previously issued subpoenas for the teams' ongoing lawsuit against NASCAR. Among these was a motion filed in the US District Court of Colorado on April 7th to compel Liberty Media -- which owns Formula 1 -- to comply with a subpoena for documents that could be useful in their ongoing legal bid to challenge the France family's hold over NASCAR. The teams are asking for financial information from the F1 ownership group as they gather examples of how other series operate to help them in their lawsuit against NASCAR, aiming to prove that the France family has been operating it as an unlawful monopoly and violating antitrust laws. This is commonly referred to as the 'yardstick method' in legal circles, used to prove economic damages in suits of this nature. Simon Galloway / Motorsport Images As for Liberty Media and F1, they want specific revenue numbers for nearly every aspect of the sport, how the revenue is split between F1 and its ten teams, and the complete Concorde Agreement (which is a contract between F1, the FIA and teams that governs the financial side of the sport). And that's just scratching the surface. The teams are requesting detailed F1 revenue numbers involving broadcasting, sponsorship, tickets, seat licensing, concessions, merchandise, intellectual property, expansion fees, franchise sales, gambling, facility/locations, internet programming, and signage. The filing goes into further details with 23XI and FRM specifically requesting the production of documents relating to the following elements: - "Documents sufficient to show the number of tickets sold for each Formula 1 and/or Formula 1 Team event, number in attendance at each Formula 1 and/or Formula 1 Team event, and broadcast ratings of each Formula 1 and/or Formula 1 Team event during the Relevant Time Period." - "Documents sufficient to show the number of tickets sold for each Formula 1 and/or Formula 1 Team event, number in attendance at each Formula 1 and/or Formula 1 Team event, and broadcast ratings of each Formula 1 and/or Formula 1 Team event during the Relevant Time Period." - "Documents sufficient to show the Revenues and any other value Formula 1 receives or derives from Formula 1's and Formula 1 Teams' intellectual property." Bryn Lennon - Formula 1 - "Documents sufficient to show the Revenues and any other value Formula 1, Formula 1 Team(s), or other Entities or individual(s), including owner(s) of Formula 1 Team(s), has or expects to receive or derive from the sale, expansion, or change of control of any Formula 1 Team(s) during the Relevant Time Period." - "All Documents and Communications relating to any research, study, analysis, and estimate on the value of Formula 1 Teams or the value of any charter, franchise, and license for Formula 1 Teams during the Relevant Time Period. - "The Concorde Agreements entered, negotiated, and in effect during the Relevant Time Period." - "Formula 1's constitutions, bylaws, and other rulebooks Relating to Formula 1 and Formula 1 Team financial arrangements, operating procedures, rules, and guidelines." Liberty Media is not alone in this. The two race teams filed a similar motion in the US District Court of New York City to compel the NFL, NBA, and NHL to provide similar financial information. 23XI, co-owned by NBA legend Michael Jordan and three-time Daytona 500 winner Denny Hamlin, joined with Front Row Motorsports to stand against what they believed were unfair terms in NASCAR's 2025 Charter Agreement. They refused to sign it and quickly took legal action in an antitrust lawsuit that has been playing out since September of last year. One of the core parts of their argument is that NASCAR operates as an unlawful monopoly. They accuse the France family, whose members have run the sport since its inception in 1948, of showcasing "anti-competitive and monopolistic control of the sport." Chris Graythen - Getty Images While the trial is still months away, the teams have fought to keep control of their charters, which they successfully did via a preliminary injunction that was granted in December of last year. The legal fight has also led to NASCAR filing a countersuit, accusing them of an unlawful conspiracy and also violating the Sherman Antitrust Act. Read Also: NASCAR vs. 23XI and FRM: Live timeline of the antitrust lawsuit NASCAR countersues 23XI and FRM, claiming scheme to "threaten, coerce, and extort" sport Restraining order slapped on Rick Ware Racing in dispute over $45 million charter deal
Gulf Business
12-02-2025
- Entertainment
- Gulf Business
Insights: The AI-powered future of sport and fan engagement
Image: Supplied Sports have a unique power to unite people across cultures, creating shared moments of excitement and pride. Nowhere is this more evident than in global events like Formula 1, where technology has increasingly redefined how fans interact with the sport. Over the decades, sports have evolved from grainy black-and-white broadcasts to today's high-definition streams, immersive virtual reality experiences, and advanced analytics that allow fans to engage with their favourite events in unprecedented ways. This fusion of sports and technology has deepened our connection to the games, transforming them into experiences that are accessible, interactive, and endlessly engaging. The GCC: A hub for sports innovation This evolution of sports and technology continues to reshape fan experiences, especially in tech-savvy regions like the UAE and Saudi Arabia. Recently, Saudi Arabia has made significant strides in esports, a rapidly growing sector in digital entertainment. The country's Esports World Cup (EWC) hosting has positioned it as a global hub for e-sports. The UAE has emerged as a leader in traditional sports engagement, with 89 per cent of its population regularly following sports across various media. This high engagement is supported by substantial investments in sports infrastructure and technology, which have positioned the UAE as a focal point for sports and entertainment. Dubai alone hosts over 400 academies, including partnerships with renowned names like Real Madrid and Manchester City, showcasing the country's commitment to nurturing sports talent. The UAE has also become a major destination for The annual F1 event has become a global sports and entertainment calendar highlight, attracting top athletes and world-class acts and drawing audiences from the region and beyond. BARCELONA, SPAIN – JUNE 23: Charles Leclerc, Ferrari SF-24 during the F1 Grand Prix of Spain at Circuit de Barcelona-Catalunya on June 23, 2024 in Barcelona, Spain. (Photo by Simon Galloway/LAT Images) The game-changer in sports: AI's expanding role Artificial intelligence is transforming the sports landscape in the GCC, bringing fans closer to the action and elevating the experience in previously unimaginable ways. AI is reshaping how fans engage with sports across the region by delivering personalised experiences, real-time updates, and immersive virtual or augmented reality features. Intelligent stadiums and digital arenas enhance this connection, creating interactive environments that make in-person attendance more engaging and enjoyable. Beyond fan engagement, AI is also advancing athletic performance and sports management. From AI-driven analytics that provide coaches with precise, data-supported insights for training to wearable technologies that aid in injury prevention, AI ensures that athletes can reach and sustain their peak performance levels. In addition, gamification powered by AI transforms spectators into active participants through fantasy sports and in-stadium gaming, turning passive watching into an immersive, participative experience. As we look to the future, AI is set to redefine sports as we know it. From smart stadiums to immersive VR experiences, AI transforms every aspect of playing, watching, and engaging with sports. Imagine holographic players in your living room or AI-driven insights rivalling human coaches. The future of sports promises fans unprecedented access, athletes performing at their peak, and a new era of innovation. So get ready — the AI-powered sports revolution is here, and it's just getting started. The writer is the CBO and CEO for New Markets at
