Red Bull's F1 dominance showcases the extreme power of sports marketing
A sport once financed by tobacco sponsorship, now has its fastest car bankrolled by an energy drink.
- A sport once financed by tobacco sponsorship, now has its fastest car bankrolled by an energy drink.
- Any global brand would love to take centre stage in a sport associated with thrills, excitement and glamour.
- And just like a Formula One engine, Red Bull’s journey to that stage has been meticulously engineered.
- Such focus and drive towards the Formula One elite matches the tactics behind the success of the entire Red Bull organisation.
- Rupert Murdoch arguably built his media empire in part on understanding the huge appeal of live sport.
Power play
- The industries which like to fund sport often become defensive when it’s suggested that their products may have a negative impact on fans.
- We have seen this in the lobbying efforts of the gambling and alcohol industries.
- Some countries, including Lithuania, Sweden and Turkey, have already imposed mandatory age restrictions on the sale of energy drinks.