Winners of 2022 Billie Jean King Cup to be presented with “Billie Blue” Jackets

For the very first time, each member of the winning team will also be awarded with special “Billie Blue” jackets designed by Tory Burch, as part of a new partnership announced with the fashion label in June this year.

Similar to the famous green jacket awarded to the men’s winner of the Masters golf tournament, it will be the most-coveted jacket in women’s sports, created to inspire women and girls everywhere. The jacket is expected to be revealed in early November ahead of the Finals. 

The 12 nations competing in the 2022 Billie Jean King Cup by Gainbridge Finals have announced their teams for the event, which takes place at the Emirates Arena in Glasgow, Great Britain on 8-13 November. 

Among the players who will represent their nations next month are Grand Slam champions Emma Raducanu (GBR), Barbora Krejcikova (CZE), Bianca Andreescu (CAN) and Elena Rybakina (KAZ). Other stars set to appear at the Finals include Paula Badosa (ESP), Olympic champion Belinda Bencic (SUI), Leylah Fernandez (CAN), Coco Gauff (USA), Jessica Pegula (USA), and Karolina Pliskova (CZE).

The teams will compete in four groups of three nations over the first four days of the Finals, before the four group winners contest the semi-finals on Saturday 12 November. The 2022 Billie Jean King Cup final will then take place on Sunday 13 November, where the winners will be crowned champions of the women’s World Cup of Tennis. 

Tickets for the Finals are on sale now and can be purchased via the LTA website

Changing The Game: “If you’re not culturally aware, you’re walking out the door with a blindfold on”

Owen Laverty is the Chief Innovation Officer of Ear to the Ground, a global creative agency that helps brands be culturally aware. Our Content Manager, Alex Brinton sat down with Owen to talk about the 22/23 issue of their Fan Index ahead of its launch.

For those who don’t know what is it you do at Ear to the Ground?

Great first question.  I get asked this a lot.

We are a global creative agency specialising in sports, esports, and gaming. We articulate what we do as ‘building culturally powerful brands.’ Our output is pretty channel agnostic as a creative agency. We deliver marketing campaigns that live in everything from out of home and TV, more traditional spaces through to the myriad of candidate digital landscapes.

We are helping our clients build culturally powerful brands. The core challenge in doing that is the fact that culture is changing at a phenomenal speed, faster than ever before. The things that are relevant today could be gone in weeks. We’ve got a generation that has grown up picking pop stars, telling their favourite creators what content to make and using on-demand to choose whatever TV they want. Now, they’re constantly inputting on culture to affect the content and creativity we see today. 

To stay up to the minute, we’ve built something that we call Fan Intelligence, which is built on real-time listening and collaboration with 11,500 cultural tastemakers and culturally influential fans worldwide. The purpose of that is to close that gap. It brings the knowledge and passion of sports and esports fans into the brand decision-making that has been happening in isolation of them for far too long. Whether that’s feeding in from an insight perspective, bringing absolute gems on what’s happening on the ground in different markets in culture, or whether that’s collaborating and kind of road testing as we come up with strategy and creative to make sure they’re absolutely on point with what will connect with fans.

Why is it important for brands to be culturally aware?

I don’t think you can build a brand in this day and age without at least being culturally aware.

There’s a definition that to be culturally relevant is to be connected to the ideas, customs and behaviours important to fans at any point in time. If you’re not culturally aware, you’re walking out the door with a blindfold and your fingers in your ears, trying to sell sh*t.

The last few years have highlighted it more than ever; significant cultural events have greatly impacted how people identify with teams or organisations, with countries, with other people, and how they connect and consume content. So we think cultural relevance is more important than ever. It is having a massive impact on brands because these things are constantly changing.

Brands are trying to make global strategic decisions based on a landscape that is changing all the time, and that’s tough. So they need to have a model of working that keeps them tuned into what’s happening. And to stop them from feeling like disconnected suits in a boardroom.

If you asked any CMO in the world, do you want to be relevant? They want to be relevant. In some categories, it might not be as important to be culturally connected or at the forefront. But being at the forefront of what’s happening keeps you from losing. So we are seeing brands try to take this advantage of having a more significant impact on people’s lives by finding new ways to connect and become more relevant. 

Is there a case that certain brands are so strong they don’t need to worry so much about being culturally aware?

There is definitely an argument for that in the short term – 100 per cent. But can a brand stay big over a long period of time if it is not culturally aware and culturally relevant over a sustained period? These big brands like Coca-Cola or PlayStation it’s because they are culturally relevant and culturally aware that they are at the forefront. If you take away that element of what they do, can they sustain that volume of sales? Can they maintain that position in people’s lives? With one year of being out of touch, I would certainly argue that they can, but two, three, four or five years would be absolutely terminal for the brand. 

Being culturally aware and relevant within the context of your category is a way to win. And it’s a way to gain an edge over your competitors. 

Without giving away too many secrets, how do you select people to be part of your network?

Originally it was purely an insight tool. Now, as I’ve said, it factors into our insight, strategy, creative team, comms planning, and activations, it feeds in everywhere, but it originally came from the insight team. 

The insight and research team were building this network of external tastemakers and influential fans who had intelligence in specific areas. That team are brilliant at asking the right questions and uncovering gems of insight. But we also needed a great team to build a network of the right people and to ensure that network is happy and incentivised.

Now we have that in our internal Fan Intelligence Team, who we recruited from CRM & community management backgrounds. Their specific job is to constantly scout for new people to join the network and get them collaborating on the right projects at the right time. 

Their fundamental role is about finding, selecting and keeping that network active. They do social scraping and searching, but they also speak to people and ask for recommendations from other members to see who else might join.

We then review people’s input and score their engagement for the quality and impact of intelligence they give us from a work perspective.

How do you make sure your network is fresh and full of the right people, it must take some managing?

Once they’re in the network, we constantly review their input and engagement to ensure they give us and our clientsthe intelligence they need. So the network is an amorphous group, with people moving in and out over time.

What’s important to acknowledge is how our network of 11,500 comes to life for any client. For each brief, we build a subset that we call a collective. With New Balance football, for example, we’ve got the future football collective, a subset of the network in specific markets around the world. 

We select people by filtering the network based on the required client screener – be that location, demographics, sector expertise, their role in culture, etc. And then we look at some things like what their input has been like in the past.

So it’s this that keeps it fresh. On the one hand, it’s the team constantly reviewing the wider 11,500; on the other, it’s our clients accessing subsets, or collectives, based on their specific requirements to briefs.

Talk to us about some of the things you have been proudest of on your journey as a business?

Firstly would be just what we have been building. For the last two or three years, the business has grown in some of the most challenging circumstances, particularly in the landscape that we all work in, in sports and esports. The pandemic completely changed working environments and resulted in widespread societal change. 

The growth through that is fundamentally because we’ve been able to find and bring in the right people and implementa culture that gets the best out of them.

What have been some of the struggles you have faced as a business?

The balance between building our current clients and adding new ones has been an interesting challenge. We intentionally went from 26 clients in 2018 to six. We focused on the ones that we saw as long-term relationships. And the business has pretty much quadrupled in size since then.

Our clients have specific teams obsessed with that area of culture. That’s where we built the business, with our clients at the centre, by being experts who create amazing work. As a result, each client helps us be the best agency for them. 

But matching a strategy that focuses on your current clients, alongside talking to the industry and finding new ones to bring in, is a challenge most agencies face. We want to find the right clients, and we are all working on finding the right clients who can fill that roster, and that can grow. 

Looking forward, I know you can’t share too much but what exciting things are in the pipeline?

The next phase of development for the Fan Intelligence Network is exciting. Historically, we’ve built bespoke collectives for clients, so the entry point to the business is building a retained collective as our clients have. However, now we have pre-built collectives in different areas of culture that make it a lot easier for clients to come in and just dip in and try Fan Intelligence on a one-off basis. Those specific collectives include football, NFL, NBA, Metaverse, Web3, Olympics and many more.

It just makes us a lot more set up for new clients that come on board to trial Fan Intelligence with an initial pilot project or dip in the water and then see where it goes from there. 

Famously Michael Jordan once said, “Republicans buy sneakers too.” When he refused to put his weight behind a democrat in the mayoral race in his home state. This is an example of a brand/person not wanting to get involved in politics. How do you think the relationship between brands and politics has changed over time?

After the phenomenal societal change over the past few years, alongside the ridiculous amount of hugely significant global events that have changed how people identify themselves and who and what they identify with, I think it’s completely changed. 

The role brands play in people’s lives is more prominent than ever; people express their personal identity through their choice of brands. 

Ear to the Ground will be unveiling the 22/23 Fan Index at the iSportConnect Brands Masterclass on October 19, sign up here: https://share.hsforms.com/1pMHXEN6UT1-s62O4iA0bCQ31xsb?_hsmi=227076374&_hsenc=p2ANqtz-9P2xgrbPIrmS1tYRs3d4ZVDnz1EYd7Hc7oWkKaH4ZnKGTjkTwlAXwRllPF9ZU4WckF0EswBmO9kSg8SNMi3JM8QvV0vw

DAZN to remain home of MotoGP for another five years

A new five-year agreement confirms DAZN as the home of the sport in Spain as audience figures continue to show incredible growth.

DAZN, the leading global sports streaming platform, and Dorna Sports, the organiser and commercial rights holder of the FIM MotoGP™ World Championship, have agreed a new five-year deal for the exclusive broadcasting rights to MotoGP™ in Spain. DAZN has been the home of the sport in the country since the platform launched in March 2019 and will continue to broadcast all practice, qualifying and races of the MotoGP™, Moto2™ and Moto3™ categories from 2023 to 2027 inclusive.

Thanks to its long-term commitment and strategy focused on bringing the competition closer to an ever-greater number of fans, DAZN has achieved incredible growth in its audience, with the number of unique users who follow the sport having increased by 62.1% from March 2019 to date. This increase has been reflected across the three Grand Prix categories, with an increase of 71.4% for MotoGP™, 49.9% for Moto2™ and 57.6% for Moto3™.

Bosco Aranguren, General Manager, DAZN Spain: “MotoGP™ is one of the most followed and established series among sports fans in Spain, and for DAZN it is a matter of great satisfaction to extend our agreement with Dorna Sports for five more seasons. The remarkable growth of DAZN’s audiences for the Championship shows that we’re on the right track, and we will continue to work with all our partners to offer the best coverage and entertainment to fans.”

Manel Arroyo, Chief Commercial Officer, DORNA Sports: “Dorna is delighted to announce this renewal for five more seasons with DAZN, with whom we began our mission to bring the sport to Spanish fans via an OTT service in search of new audiences, the success of which is reflected in the results. We will continue to work with DAZN to expand our fanbase further, who can already enjoy MotoGP™ in an easy, simple and affordable way.”

Since DAZN gained the exclusive rights to broadcast MotoGP™ in Spain, the platform has maintained a firm commitment to offer a wide variety of content focused on motorcycle racing, including documentaries, interviews, reports and special programmes – increasing the content available to fans and thereby the time fans spend on the platform in pursuit of their passion. Thanks to this new five-year agreement to continue broadcasting MotoGP™, DAZN further cements its place as the destination of reference for motorcycling fans, with the most complete offering of engaging entertainment thanks to its wide variety of live events and on-demand content.

Over the coming seasons, DAZN will continue to provide incredible live and on-demand coverage of MotoGP™, as well as formats and special programming like ‘Carpool’, ‘Motorhome’ or ‘La Caja de DAZN’, all of which have proven an incredible success among fans.

The analysis and commentary from the incredible DAZN team of experts will likewise continue to prove a key part of coverage. Headed by Ernest Riveras and counting on the expertise of Jorge Lorenzo, Àlex Crivillé, Carlos Checa, Izaskun Ruiz, Natacha Alfageme and more, the voices of the sport on DAZN will continue to bring fans in-depth coverage and behind the scenes details on the riders, the machinery, the tracks and life in the paddock. 

British Cycling and Shell announce official partnership

British Cycling has signed a long-term partnership that will bring wide-ranging support and investment from Shell UK as a new Official Partner. The agreement starts this month and runs to the end of 2030. 

This new partnership will see a shared commitment to; supporting Great Britain’s cyclists and para-cyclists through the sharing of world-class innovation and expertise; accelerating British Cycling’s path to net zero; and helping more – and wider groups of – people to ride, including ways to make cycling more accessible for disabled people.  

The partnership fits with British Cycling’s wider ambition to work with a broader range of commercial partners to support the delivery of the organisation’s strategy, ‘Lead Our Sport, Inspire Our Communities’.

Brian Facer, CEO of British Cycling, said: “We’re looking forward to working alongside Shell UK over the rest of this decade to widen access to the sport, support our elite riders and help our organisation and sport take important steps towards net zero – things we know our members are incredibly passionate about.

“Within our new commercial programme, this partnership with Shell UK brings powerful support for cycling, will help us to improve and will make more people consider cycling and cyclists.” 

David Bunch, Shell UK Country Chair, said: “We’re very proud to become an Official Partner to British Cycling. The partnership reflects the shared ambitions of Shell UK and British Cycling to get to net zero in the UK as well as encouraging low and zero-carbon forms of transport such as cycling and electric vehicles.  

“Working together we can deliver real change for people right across the country, from different walks of life, and also apply Shell’s world-leading lubricant technology to support the Great Britain Cycling Team in their quest for gold at the 2024 Paris Olympic and Paralympic Games.”  

Darren Henry, British Cycling Commercial Director, said: “At British Cycling we have a strong track record of working with our partners to enhance our work, have a real impact in communities and elevate the role that cycling plays in the thinking and actions of UK businesses.  

“The partnership also shows our fresh commercial approach at British Cycling, as we look to work alongside a broader range and number of partners to help us to deliver our strategy and support the long-term growth of cycling and the sport across Britain.”

The agreement includes specific investment from Shell UK to support a new programme – to be named Limitless – which aims to break down the barriers disabled people face when accessing cycling. 

The ambition is to embed disability and para sport into the heart of communities and develop a clear pathway from local to elite performance, with the funding helping to create inclusive and accessible environments for disabled riders across British Cycling’s 2,000 registered clubs. The programme will be launched, and further details on how to access the funding made available, by the end of the year.

Shell, which has set five ambitions for 2030 to bolster energy security and help the UK towards net zero, will also support British Cycling through steps such as helping to support British Cycling’s transition to an electric-vehicle fleet. Shell already runs the UK’s largest public-charging network with access to more than 10,000 charging points.

SimWin Sports announces strategic partnership with Tekkorp Capital

SimWin Sports, the world’s first virtual sports league that provides daily fantasy players and esports fans with the ability to watch, predict, collect, play, and earn, today announced a strategic partnership with Tekkorp Capital to advance its fantasy and sports betting strategy ahead of the company’s debut season.  

SimWin will launch with a league of 32 football teams before spanning out to basketball, soccer, and other sports, and looks set to stand out in the crowded daily fantasy sports market by melding together a mix of fantasy football, esports and NFT-style player ownership set in the metaverse. Its innovative premise is so exciting it has a Who’s Who of famous-names knocking at its door to own teams. Magic Johnson, Marshall Faulk, Jerry Rice – and even Nick Carter from the Backstreet Boys – are among the celebrities to invest and own teams in this all-new digital universe in which teams and athletes compete 24/7-365 to fuel on-demand fantasy sports contests.

Season-long and daily fantasy, as well as an innovative in-play sports wagering solution are a critical pillar of SimWin’s commercial offering. Tekkorp Capital, one of the preeminent advisory companies in the real-money gambling world, is set to bolster SimWin’s growth by bringing a storied team of advisors, all of whom have held C-suite positions at major gaming operators, to join forces with SimWin’s stellar founders, like CEO David J. Ortiz, who led EA SPORTS’ genre-busting Madden NFL franchise; and Tom Goedde, former DraftKings CMO. 

Led by Mat Davey, former CEO of Scientific Games Digital Division, and Robin Chhabra, Founder and former CEO of FOX Bet (now part of FanDuel), Tekkorp Capital will contribute a wealth of product, marketing and business development experience as well as corporate strategy in the digital gaming industry. The Tekkorp team includes Tarvi Randver, who previously led Tech and Product for PokerStars Sportsbook, and Andy Clerkson, who established digital marketing divisions in the explosive US market for both William Hill (now Caesars) and FOX Bet.

“We built SimWin to fuel 24/7-365 fantasy sports and sports betting opportunities. Fantasy sports and Real Money-Gaming are the largest entertainment sector on earth, and they accomplish this with each sport being available only about 40% of the time. SimWin’s virtual sports leagues fill those gaps and present the opportunity to play and be part of the action all day, every day,” commented SimWin Founder and CEO, David J. Ortiz. “This partnership with Tekkorp focuses some of the most experienced and sharpest minds in the Real-Money Gaming industry on our commercial planning and operational structure to ensure we have the correct framework for success. The executives at Tekkorp have been operators at some of the most transformative companies in the gaming space and we are elated to have them on our roster.” 

“We were at first intrigued, and then amazed by the vision and scale of what David and the SimWin team are building. We’re tremendously excited to get involved,” commented Tekkorp President, Robin Chhabra. “The Tekkorp team has operated at C-Suite level of some of the largest sports wagering and gaming companies in the United States and across the globe; we know how to build and grow wagering products and companies. We have invested in Web3 businesses as of late and see this as a great opportunity to support SimWin in gaining momentum and key market share.” 

Tottenham Hotspur move closer to stadium naming rights deal with Google

The Tottenham Hotspur Stadium, could well find itself with a new name soon as it appears Google are closing in on a deal to take naming rights for the stadium, according to reports in The Athletic this morning.

The state-of-the-art stadium has been used to host NFL games for the past two weekends as part of its dual use.

Construction of the stadium finished in 2019 and Tottenham chairman Daniel Levy has been reluctant to give a naming rights deal away to the wrong brand.

Levy said: “We are only going to do a naming rights deal if we get the right brand, in the right sector, on the right money. If we can’t meet those three criteria, we won’t do it,” he explained. “At the moment, we haven’t found a company that meets all three criteria. We are not really close to anything on that at the moment.”

Todd Kline, was appointed CFO in March 2021, he has a wealth of experience in the industry having spearheaded the Miami Dolphins’ £180million 18-year stadium naming rights deal with Hard Rock in 2016, which was the third highest deal in NFL history at the time

iSportConnect announce more speakers for Brands Masterclass

The iSportConnect Brands Masterclass will be taking place at the stunning Orbit Tower at the Queen Elizabeth Olympic Park on October 19.

Speaking at the event will be Oliver O’Brien from Mukuru and Arjoon Bose from General Mills.

These two join Marc Davies, Standard Chartered, and Mike Mainwaring, Cazoo, who were announced last week.

More speaker announcements will follow later this week so keep a look out:

For more information on the masterclass click here:

European Tour become first golf Tour to commit to net zero

The European Tour group has become the first professional golf Tour to announce its commitment towards net zero carbon emissions, by becoming a signatory to the United Nations Sports for Climate Action Framework, and the Framework’s Race to Zero pledge.

The Sports for Climate Action Framework was created by the United Nations and made for sports organisations and their stakeholders to tackle climate change through a set of five principles:

  1. Undertaking systematic efforts to promote greater environmental sustainability
  2. Reducing overall climate impact
  3. Educating for climate action
  4. Promoting sustainable and responsible consumption
  5. Advocating for climate action through communication

The Race to Zero pledge requires all signatories to commit to reduce direct emissions by 50% by 2030 and achieving net zero by 2040.

It will be a key focus of Golf for Good, the European Tour group’s commitment to Driving Golf Further in an environmentally and socially sustainable way, ensuring the Tour has a positive long-term impact on the courses, countries and the communities it visits.

Keith Pelley, Chief Executive of the European Tour group, said: “The group’s DP World Tour is a global brand with millions of followers, so we have a clear responsibility and opportunity to use our platforms in the right way. Our net zero commitment shows that through Golf for Good we are serious about environmental responsibility and the role we can play.

“Our staff and leadership, under the guidance of our Head of Sustainability, are determined to ensure we fully meet all our pledges, and we appreciate the support of our expert partners and advisers in helping us do so. Of course, we also invite our partners and stakeholders to join us in making effective change.”

Becoming a signatory to the United Nations Sports for Climate Action Framework is the logical next step in the Tour’s Green Drive initiative, which has grown in scale and impact over several years and was re-launched on World Environment Day last year. The most recent Sustainability Strategy, available here, further aligns Green Drive with the Tour’s wider Golf for Good programme to create a new, holistic approach to sustainable development – on and through the Tour.

It strengthens the breadth and depth of delivery towards a vision for the Tour to: Lead by Example – by integrating best practices into core operations, owned events and procurement, establishing Tour wide policies and tools, and activating new partnerships; to Support and Share – by providing guidance and examples of best practice, fostering a growing community of collective action and results; and to Promote and Inspire by raising awareness, inspiring others and establishing a credible leadership position in sport.

Detailed implementation plans are already underway spanning governance, operations, tournaments, venues, media and technology, communications and partnerships. Sustainability performance indicators and carbon emissions are being tracked across all aspects of the Tour’s operations through new internal mechanisms, and tools provided by the GEO Foundation for Sustainable Golf.

Lindita Xhaferi Salihu, UN Sports for Climate Action Lead, added her support: “The Sports for Climate Action Framework is about driving sports to net zero emissions no later than 2040 in line with keeping the global temperature rise to 1.5 degrees. It is no small or easy undertaking, but to safeguard the future of sport, we all must all join hands and efforts to win the race against climate change. We look forward to working with the Tour alongside other signatories to set the pace for climate action and achieve the ambitious goals we have set for the Sports for Climate Action community.”

Jonathan Smith, Executive Director of the non-profit GEO Foundation for Sustainable Golf, the delivery partner to the European Tour group’s Green Drive programme, added: “Over the last 12 months there has been a significant upscaling of commitment, resourcing and action across the European Tour group – led by the Board. We are delighted to help guide the ongoing development of the Tour’s emissions reduction strategy; support effective delivery; and track progress through externally accredited programmes and tools developed over many years for this specific purpose.”

Meet the Member: Tim Mangnall

Tim Mangnall is the CEO of Capital Block a Web3 consultancy that works with football clubs on their Web3 and NFT projects. We spoke with him to get his insights on Web3 and what he thinks clubs and organisations should be doing.

Since you’ve started working as an Web3 consultancy, what has been the biggest shift that you have seen? Do clubs know more now or do you still have to explain the fundamentals to them?

We have to explain the fundamentals to a club 100 per cent of the time. I think most of the clubs are still looking at this as a very large short term revenue play, rather than a long term vision targeting a new digital-centric audience.

So we have to spend a lot of time educating internal stakeholders to make them understand the long term vision of what web3 and NFT’s can offer their fan base and then as a club, so there has been a shift in perception.

Club’s are understanding that they’re not necessarily going to make a million dollars overnight from the sales of the NFT. We as a company, and we as Capital Block are very much trying to change that perception and move away from it being focused on short term gain to long, long term sustainability.

Are the projects that clubs are doing now becoming less one dimensional? And what are the benefits to a sort of sustained strategy towards NFT’s?

The projects are still very one dimensional. Because what they’re still looking at is they’re still looking at these PFP, which is a profile picture project and looking at kind of one NFT drop, and then they’ll do another one in six months or another one in a year or another thing like that, and that’s not what web3 is all about and not what NFT’s are all about.

It’s all about community. It’s all about driving engagement, especially in sports driving engagement, fan engagement. So clubs need to be looking at this as a long term strategy, but how does everything connect together?

If the club is saying ‘we want to create fan engagement through web3 and NFT’s’, that’s fantastic. But you don’t create that engagement just by selling one product or one NFT, you then have to look at how that NFT then connects to your fans? How many times are the fans coming back to be engaged in that NFT? What door is that opening? How is it all connected? So clubs are still looking at this as a one dimensional product, albeit that that narrative is changing.

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When you start looking at how this is going to be connected, how each drop is connected, how everything talks together, then it becomes a huge beast which takes a massive amount of time and resources. I think a lot of clubs underestimate the level of work going into dropping an NFT and how this needs to be something you are monitoring and working on every day.

A lot of your work is done in Europe. What would it take for Europe to catch up with the US?

I think the concept of web3 and NFT’s within the sports world and the fan base in America is just a little bit more developed. I think also the sports clubs are really understanding that this is about bringing it in house. This is about educating and talking to their fans. And I think also the fans over there are just a little bit more willing to listen to crypto and the clubs have approached it in a different way.

I think the problem with us over in Europe, at the moment, is the sports clubs haven’t spoken to their fans in the right way. They’re not educating their fans in the right way and the NFT name has genuinely a bad rap with sports fans. It’s not liked by sports fans.

Clubs need to start creating a desirable product for fans, start talking to them, start educating them, start benefiting their fans, and the fans will really start to buy into it then we will see Europe shift and most probably even takeover America in terms of kind of adoption, because like the football clubs obviously across Europe have such a phenomenal phenomenal loyal fan base.

Do you think rights holders are leaving a lot on the table by using third party platforms and it not being an in house project?

For me and for Capital Block 100 per cent it should be an in-house project. I personally don’t believe that web3 third party platforms will survive for the next two years. I think fundamentally, the calculations just don’t stack up. If a partner is coming in, outside of like a crypto exchange, if they are a platform that is reliant solely on NFT sales coming in and sponsoring a club.

Let’s say they’re sponsoring it for half a million dollars. That club has a million fans, you’ve then got to start thinking out of that million fans, maybe only 1000 people are wanting to buy NFTs, which means you need to be selling either your NFT’s at $500 apart, or you need to be 5x in your 1000 1000 person. target audience and $100 and either one is unsustainable. And then when you’re starting to really focus on revenue, then club, then these parties don’t hit those revenue numbers. They start defaulting on payments to the clubs, the clubs then lose the sponsorship deals. It’s just bad for the industry.

If you’re a football club and you want to do some NFT’s, what are the reasons to do them? And what are the reasons to not?

If you put a long term vision and you understand that, the way that the younger sports demographic is engaging in media is changing. We’re seeing it not just with sports, we’re seeing it across the board, in other media in all the ways that we engage now with television and with the internet with everything. It’s changing. So clubs need to get into the web3 space because this is going to be the future channels that this new digital centric audience is going to be engaging with. So it’s about future proofing and engaging in your future audience.

The reason not to do it is if you’re just trying to make a little bit of quick money, you don’t believe in it. You’ll do more damage to your clubs and your fans, if you don’t care, and actually, you’re better off sitting on the sidelines watching what’s going on trying to learn from everyone else’s mistakes.

We’re in a bear market with NFT’s at the moment, and how is that impacting the views of your partners? And do you have to sort of keep telling them that this is a long term thing?

I think the thing that we’ve got to remember is that NFTs were originally created for the crypto community; it was created on blockchain technology. The reason these people were buying into these profile picture monkeys, apes, birds, crypto punks was because they understood and loved the technology. They understood the fact that this would be a way of owning something on the blockchain, that it was something that was unique to them. It was a cultural movement within the OGs of the crypto world that we’re buying this. Then obviously, a monkey went from $200 to $2 million.

What then fundamentally happened is football clubs said ‘let’s take that exact concept and try to replicate it’. But the thing is, that it was designed for a true crypto techy audience, not for a football audience. So actually, if a football club is looking to create engagement, looking to create fan initiatives, whatever it may be through NFTs in this, it shouldn’t really matter whether Ethereum is $1,000 or a million dollars, because it’s about creating engagement. It should be about buying this to create engagement, and then maybe over time, it has the opportunity to become valuable.

Clubs should build an NFT around as a product that gives your fans something, then if that NFT has artwork or utility or it’s a collectible over time, that then might become valuable, but don’t focus on the revenue.

The main use case for NFT’s is in collectibles. Do you see this changing in the near future? And could there be a shift towards them being used in different ways i.e. membership programmes and token-gated experiences?

Token gated, yeah. I think every aspect of it is going to be, it is going to cover ticketing, it is going to cover programming rewards, membership, collectibles, historical moments experiences, NFT’s giving you access to content, NFT’s giving you access to certain rights or certain areas into the metaverse is going to cover every single product.

It’s just about understanding that each of those products needs to be tailored to a specific audience of a digital audience. And once you figure that once you understand that then you can start creating good products around that but it’s about targeting those different products to a different audience. You don’t need to try and target it to 100 per cent of your fan base, target it to the 10 per cent of your fan base that is actually engaged in this and like it.

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Engelbert Strauss announces partnership with UEFA

UEFA is delighted to announce that the German-based work and utility brand, Engelbert Strauss, will be the official workwear partner of the men’s UEFA European Football Championship 2024 in Germany.

A partner of the UEFA Europa League and UEFA Europa Conference League since 2021, Engelbert Strauss also has long-standing partnerships with the German Football Association, and Germany’s national teams. To help build awareness around the tournament, Strauss is partnering up with the two German women’s players Giulia Gwinn and Laura Freigang, who played such an important role at this summer’s UEFA Women’s EURO, who will be ambassadors for the workwear brand. 

Guy-Laurent Epstein, UEFA marketing director said: “We are honoured that Engelbert Strauss is building on its partnership with the UEFA Europa League and the UEFA Europa Conference League and is now becoming a sponsor of our flagship men’s national team tournament – the UEFA EURO. Supporting those who work hard is something UEFA and Engelbert Strauss have in common, and we look forward to developing our ever-expanding partnership even further over the coming years.” 

With over 100 years of experience in producing and selling modern and innovative workwear, Engelbert Strauss is Europe’s leading workwear and utility brand. Their utility products have gained a cult following, establishing Strauss as one of Europe’s most popular lifestyle brands. 

Henning Strauss, Strauss Brand Director and CEO, said: “The UEFA European Football Championship makes the hearts of football fans beat faster worldwide. Strauss is the workwear partner of the tournament – of those working behind-the-scenes to deliver this global football festival. We’re all working towards the next football festival in Germany in the summer of 2024.” 

Three-time winners Germany will host the 17th UEFA European Championship in the summer of 2024. The tournament will take place across 10 world class stadiums, with the matches taking place in Berlin, Cologne, Dortmund, Düsseldorf, Frankfurt, Gelsenkirchen, Hamburg, Leipzig, Munich, and Stuttgart. The tournament will kick-off in Munich on 14 June 2024, with the final being played in Berlin exactly a month later on 14 July 2024. 

The qualifying draw for the UEFA European Championships will take place on 12:00 CET on Sunday 9 October 2022 at the Festhalle exhibition centre in Frankfurt.