April 18, 2017 / 9:37 AM / 3 months ago

Formula One appoints CAA Sports in sponsorship push

1 Min Read

Formula One - F1 - Chinese Grand Prix - Shanghai, China - 09/04/17 - Mercedes driver Lewis Hamilton of Britain leads the race at the start of the Chinese Grand Prix at the Shanghai International Circuit.Aly Song

LONDON (Reuters) - Formula One has appointed CAA Sports, a division of the U.S.-based Creative Artists Agency, to represent its global sponsorship rights.

"CAA Sports will be responsible for taking the Formula One brand into new markets and expanding the sponsorship portfolio to include new and innovative commercial partners," it said in a statement.

Sean Bratches, Formula One's managing director for commercial operations, said the appointment was part of a strategic growth plan "to support existing partners and broaden the number of sponsors coming into the sport".

"We have ambitious plans to expand to new markets and seek out exciting brand activation opportunities that will drive new levels of fan engagement," he added.

Liberty Media completed their takeover of the sport in January.

Reporting by Alan Baldwin, editing by Sudipto Ganguly

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below