Follow the Money: F1 Financial Support as Cultural Indicator (Skip McGoun)
Description
Elton G. “Skip” McGoun is an Emeritus Professor of Finance at Bucknell University and a former visiting professor at the University of Donja Gorija in Montenegro. He has presented and published on both finance history and culture and automobile history and culture and served as area chair of the Vehicle Culture Section of the Popular Culture Association.
Skip examines Formula One on-track and on-vehicle sponsorships through the post-WWII period to show the evolution of the cultural appeal of the series.
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00:00 Introduction and Sponsorship Overview
01:45 Historical Context of Sponsorship in Racing
03:24 Modern Sponsorship Examples and Their Impact
06:18 Social and Political Benefits of Sponsorship
10:09 Case Studies and Real-World Examples
14:07 Evolution of Sponsorship Strategies
16:53 Evolution of Formula One Sponsorships
18:37 Analyzing Main Sponsors by Industry
18:59 Automotive and Consumer Electronics Sponsorships
20:20 Financial, Oil, and Technology Sponsorships
20:38 Tobacco and Transportation Sponsorships
22:01 Cultural Shifts in Formula One Sponsorships
24:47 Audience Questions and Comments
28:37 Closing Remarks and Acknowledgements
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This episode is part of our HISTORY OF MOTORSPORTS SERIES and is sponsored in part by: The International Motor Racing Research Center (IMRRC), The Society of Automotive Historians (SAH), The Watkins Glen Area Chamber of Commerce, and the Argetsinger Family - and was recorded in front of a live studio audience.