Are you willing to sponsor?
Are you ready to explore the transformative power of athlete sponsorship for your brand? Click here to learn more about how sponsorship can help brands grow and thrive in the exciting world of motorsports.
By Emanuele Venturoli| Posted April 19, 2024 | In Formula 1, Formula1, Sports Marketing
Formula 1 (F1) is synonymous with high-octane action, unparalleled speed, and cutting-edge technology. But in recent years, F1 has been steadily pushing the boundaries of fan engagement, venturing beyond the racetrack to cultivate a deeper, more immersive connection with its passionate fanbase. This strategic shift is evident in the launch of two exciting initiatives: the Formula 1 Arcade in London and the Formula 1 Drive karting experience at the Tottenham Hotspur Stadium. This article explores the reasons behind these activations, examining the marketing opportunities they present and their potential impact on F1’s brand ecosystem.
F1 traditionally operates on a seasonal schedule, captivating audiences during race weekends. However, this leaves a significant gap in fan engagement between races. Recognizing this, F1 has been working towards creating a year-round experience for fans, fostering a sense of community and keeping the sport at the forefront of their minds.
The Formula 1 Arcade and Formula 1 Drive serve this purpose perfectly. Both offer fans a taste of the F1 experience outside the traditional race weekend setting. Casual fans and families can get a feel for the thrill of racing, while die-hard supporters can immerse themselves in the F1 world year-round. This constant connection strengthens the emotional bond between fans and the sport, potentially attracting new followers and solidifying the loyalty of existing ones.
The rise of experiential marketing underscores the growing importance of creating interactive experiences for consumers. F1 Arcade and Formula 1 Drive leverage this trend effectively. Instead of passive exposure through traditional media, fans are active participants in the F1 world.
The arcade offers a slate of cutting-edge racing simulators, allowing fans to feel the G-force and challenge friends on iconic F1 circuits. Formula 1 Drive takes this immersion a step further, offering high-speed electric karting on a track inspired by the real-life Yas Marina Circuit. These experiences provide unparalleled access to the sport, allowing fans to engage with F1 in a visceral, unforgettable manner.
F1’s focus on fan engagement extends beyond just the sport itself. Brands associated with F1 – title sponsors, team sponsors, and technical partners – also benefit immensely from these experiential activations. The arcade and Formula 1 Drive offer unique platforms for brands to directly connect with a captivated audience. Sponsors can integrate their logos and messaging seamlessly into the experience, creating a powerful association with the thrills and prestige of F1.
For F1 teams, these activations provide another avenue to engage with their fanbase and build brand loyalty. Fans can interact with team-themed elements within the arcade and potentially meet drivers at events hosted at the Formula 1 Drive facility. This personal connection fosters a stronger sense of belonging, motivating fans to actively support their favorite teams.
Beyond the excitement of racing, F1 is also building a positive, family-friendly atmosphere through these initiatives. The arcade boasts a vibrant space with interactive displays and entertainment options – a perfect destination for a fun day out with family or friends. Formula 1 Drive offers similar possibilities, combining the thrill of karting with potential amenities like food and beverage outlets, creating a complete entertainment package.
This focus on inclusivity is crucial. By catering not just to hardcore racing enthusiasts but also to casual fans and families, F1 expands its reach and cultivates a broader fanbase. The feel-good environment fosters positive associations with the sport, potentially attracting new sponsors and partners seeking to associate themselves with a positive brand.
The success of the Netflix docu-series “Drive to Survive” serves as a valuable blueprint for F1’s current strategy. The series captivated audiences by going beyond the on-track action, delving into the human stories and behind-the-scenes drama of the sport. This human connection proved to be a key factor in attracting new fans, particularly those from non-traditional F1 markets.
The Formula 1 Arcade and Formula 1 Drive initiatives follow the same philosophy. They provide a platform for fans to connect with the sport on a personal level, fostering an emotional attachment. This human element transcends the technical aspects of racing, attracting a wider audience and solidifying F1’s position as a global entertainment brand.
F1’s commitment to fan engagement goes beyond just these two activations. The sport is constantly innovating, exploring new technologies and toying with new ideas for new circuits, new weekend formats and online/offline interactions. There can be little doubt that the premier class of auto racing is at the forefront of sports marketing these days, exploring the boundaries of fan engagement and activation opportunities. With the recent acquisition of MotoGP by F1
Image from Formula1.com
Are you ready to explore the transformative power of athlete sponsorship for your brand? Click here to learn more about how sponsorship can help brands grow and thrive in the exciting world of motorsports.
A graduate in Public, Social and Political Communication from the University of Bologna, he has always been passionate about marketing, design and sport.
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By doing so, we are convinced that we are shortening the value chain, saving time and money. However, these DYI methods are anything but risk-free and what initially appears to be a competitive advantage soon turns into a problem that is difficult to resolve. That’s why there are agencies. And this is why you should rely on us for your sponsorships.
When first approaching a sponsorship or sports marketing project, it is difficult to know immediately which stakeholders are correct, what the decision flow is, and what the right timelines are for each process. Sports is a very specialized field of action, and fitting effectively into its paths can take a lot of time and therefore money. We, on the other hand, know referents and spheres of action and know who to talk to, when and how. So you are also more effective.
Sports is an immense passion, and for our heart colors we would be willing to do anything. But business is a different business, and it is important to make the best possible strategic decisions based on independent research, statistics and reliable data. A sports marketing and sports sponsorship agency like RTR has an objective, 360-degree picture of the scenario and can tell you what is really best for you: which sport, which athlete, which team. This is because we possess a great deal of data and information on ratings, segmentation and attitudes. Because the numbers don’t lie. Never.
Activations are the real heart of sports sponsorship. Without them, there remains only a blank sticker on a motorcycle, car or uniform and no contact with the public, no emotional connection, no impact on the bottom line. Then how do you do it? It certainly won’t be the teams or the athletes who will help you leverage sponsorship and enjoy the many marketing rights you have paid for. To bring out the best in a sports marketing project you need an agency that knows how to use sponsorship to engage the fanbase on the Web, to reach out to Shopping Centers, to organize hospitality, to develop B2B and B2C opportunities, and to get “your” athletes in front of millions of potential consumers.
Would you ever go to the dealer who sold you the car and ask if the competitor’s car is better? No, of course. So, how do you expect to get firm measurements of the effectiveness of your sponsorship if you do not rely on someone super partes? At RTR, we have always worked with independent third-party agencies that allow us to know the return on any exposure of your brand on TV and in the media. In addition, we believe in calculating ROI as the ultimate measure of your success-so we can tell you for every penny you spend how much you are making.
We have been involved in sports sponsorship and sports marketing for more than 15 years. We are consultants in the sense that our goal is to maximize your investment, but we are also an agency that manages the project from start to finish. We have been doing this since 1995 with passion and professionalism, following three principles that have become cornerstones of our business: independence, verticality and transparency.
I would like to highlight the fact that one of the qualities of RTR is its great ability to approach the sponsorship scenario strategically, together with its passionate attitude, its amazing enthusiasm for solving problems, and its high level of professionalism.
Gianluca Degliesposti
Executive Director Server&Storage EMEA
Eurosport is truly delighted with its business relationship with Riccardo Tafà, who has become extremely popular, thanks to his detailed knowledge of the sports marketing sector and his highly diligent attitude to work.
Francois Ribeiro
Commercial Director
Passion and Expertise are the features that I have found in RTR since the very beginning. Serious and reliable professionals but also very helpful, nice and open-mind people, willing to listen and compare different ideas. All the values in which RTR believes make this agency a partner, not just a supplier, a partner with whom we have had the opportunity to achieve significant commercial results in term of success and image.
Luca Pacitto
Head of Communication
We have been working with RTR Sports Marketing for over 10 years. The objectives and the programmes of collaboration continue to be renewed and to grow with mutual satisfaction. I believe RTR is a team of great professionals led by Riccardo Tafà, who I consider a manager of exceptional skills and with a great passion for his work.
Lucio Cecchinello
Team Principal
I have known and worked with Riccardo Tafà since 1995 when we collaborated for the first time on a project for the Williams Formula 1 team. Several clients followed. After leaving Williams to work for Gerhard Berger then owner of the Toro Rosso F1 Team, I turned again to Riccardo to seek his help in finding a tool supplier for the team and Riccardo duly obliged with an introduction to USAG, a partnership with Toro Rosso which endured for five years. I recently started a new role as Group Commercial Director for the renowned Andretti Autosport organisation and I find myself working with Riccardo once again on a number of interesting projects. Why has this relationship with Riccardo endured ? He’s smart, knows the commercial side of sport inside out and back to front and he’s honest and trustworthy. Riccardo Tafà is a “doer” not a “talker”: in over 20 years I have never had a dispute either with him or with a company that he has introduced and each partnership introduced by Riccardo has delivered quantifiable ROI to rights holder and sponsor alike. I can think of no better testimonial of Riccardo’s diligence, knowledge, contact base and hard work than that.
Jim Wright
Group Commercial Director
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