Welcome to the weekend!

We’d like to give a huge shoutout to our friends at Tedson Motors for the debut of their ‘Daydream R’ Porsche restomod at The Quail this past week.

If you’re unaware, the Daydream is offered with a hybrid powertrain that still retains a manual gearbox. Yes, you’ve read that correctly..

With the help of an EV motor replacing the traditional flywheel, and an amazing engine from their in-house team, Tedson Motors is delivering 550+ horsepower on a 964/993 chassis, while retaining the third pedal - modern performance meets analog emotion.

It’s this sort of ingenuity we love to see and we’re very fortunate to have had a test drive in their prototype last fall in Croatia.

Hats off to Goran and his team, and we look forward to watching all the customer commissions come to life!

Formula 1

We’re back to racing! ..except for Daniel Ricciardo 😅

Formula 1 is back from their summer break and unfortunately for Danny Ric, who found the wall at Zandvoort and broke his hand in the crash. A huge bummer for the fan favourite but you can click here to catch up on all the action for yourself.

(FP2 highlights just came out while writing, click here for those interested!)

Next race: this Sunday, August 27th @ 9am EST

Paddock Auctions

This 1966 Avanti II is closing soon and represents a great period in American motoring. Needs nothing but a driver and some love!

Auction ends: August 25th @ 8pm EST

Click to view 1966 Avanti II

NO RESERVE! NO RESERVE! NO RESERVE! NO RESERVE! NO RESERVE!

This Mercedes 380 SLC is a gem in great condition and ready for cruising.

Auction ends: August 25th @ 9pm EST

Click to view 1981 Mercedes-Benz 380 SLC

Race Cars for Sale - A Partner Spotlight

We’d like to take a quick moment to spotlight some of the earliest supporters of our Paddock Network. In our mission to connect the motoring market, it’s been essential to receive the support of these leading partners who helped us illustrate our vision. Here’s a quick spotlight of some people who’ve helped make this happen..

P1 Groupe is based in Florida and owned by Eric Burch. After 20+ years of running race teams in IMSA, American Le Mans and other series around the world, Eric set his sights on asset sales and our Paddock suite of software has been there to help support his business, both with our Marketplace and Auction products.

Click here to view P1 Groupe’s Inventory Display Tool

Radical Canada is owned by retired race car driver, Robert Burgess. Robert brought Radical to Canada many years ago when the company was just starting to stick their stake in the ground with affordable, high-performance race cars. Robert was an early adopter of our Paddock Marketplace software and a backer of our original vision to connect the motoring market.

Click here to view Radical’s Inventory Display Tool

Although Team Stradale has only recently joined our network, their support of our brand started many months ago as readers of our newsletter (this newsletter!) Team Stradale is owned by Francesco D’Avola and together with his team of motorsport enthusiasts, they’ve managed to build the largest Radical dealer in North America.

Click here to view Team Stradale’s Inventory Display Tool

Quick Bites

💪 How to rebuild your self-belief when things go wrong on the track

🗣️ A Gran Turismo film review you should pay attention to

🚀 Five emerging sponsorship categories that you should be investigating

News Racers Can Use

Why a billion dollar F1 team is a sports investment bargain

The rise of valuations for sports franchises is a global phenomenon that does not seem to be slowing any time soon. From the NFL, Premier League, Cricket, and MLS, to the growth of private equity in sport, sports have become a hot investment property - but what about motorsport? Specifically, what about Formula One?

The average value of a Formula One team has increased 276 per cent since 2019 to US$1.88 billion, according to a recent study by Forbes and yet according to Williams F1 Team Principal James Vowles, this is still a bargain 😅

“Here’s the interesting; is a billion-dollar team a lot? I wouldn’t say so,” Vowles recently told Australian motorsport site SpeedCafe. “The cheapest NFL team, if you wanted to spend your money, would be four [billion], expensive six [billion]. We’re not expensive for the sport that we are, and I think that the headroom is quite significant in front of us because we are, as a sport, growing significantly.”

Using the term “bargain” when discussing sports investment properties may be a bit incongruous but it’s all a matter of context. When compared to the multi-billion valuations of some NFL teams, Dorilton Capital’s purchase of the Williams F1 team for $200 million in 2020 does seem to be a bargain with a capital B. And the value of an F1 team is only going to continue to rise for the foreseeable future.

News Racers Can Use is written by Mark Boudreau from Motorsport Prospects