22 replies to this topic

[JeePee]

In 2018 the F1 Grand Prix in Austria was sponsored by Eyetime.com. Some shady business who at the time had a promo video on their website where their computers and keyboards on the desks were not even connected. A year later in 2019 we saw the same logo at F1 and MotoGP, but now called MyWorld.com. Apparently a daughter 'company' of Lyoness, who has been banned in Austria, Switzerland and Norway for operating a Ponzi scheme.

 

I didn't notice much weird sponsoring during the Covid years, but wachting MotoGP today, the whole start/finish sponsoring was made up of 'Livepot.com' .. a company with already a stunning 110 followers on Instagram and just one page of website with empty lines reading 'This multifunctional platform is the ultimate playground for gamers, offering an array of exciting features and functionalities.'

 

This all feels even more weird than Rich Energy for me. How come these kind of shady deals can be displayed on the world stage for millions of people to see? How come hardly any journalist is jumping on to this? Million dollar deals with shell companies are being made to keep the Red Bull Ring running and everybody is like 'oh well'?

[pdac]

In 2018 the F1 Grand Prix in Austria was sponsored by Eyetime.com. Some shady business who at the time had a promo video on their website where their computers and keyboards on the desks were not even connected. A year later in 2019 we saw the same logo at F1 and MotoGP, but now called MyWorld.com. Apparently a daughter 'company' of Lyoness, who has been banned in Austria, Switzerland and Norway for operating a Ponzi scheme.

 

I didn't notice much weird sponsoring during the Covid years, but wachting MotoGP today, the whole start/finish sponsoring was made up of 'Livepot.com' .. a company with already a stunning 110 followers on Instagram and just one page of website with empty lines reading 'This multifunctional platform is the ultimate playground for gamers, offering an array of exciting features and functionalities.'

 

This all feels even more weird than Rich Energy for me. How come these kind of shady deals can be displayed on the world stage for millions of people to see? How come hardly any journalist is jumping on to this? Million dollar deals with shell companies are being made to keep the Red Bull Ring running and everybody is like 'oh well'?

 

Oh well.

[PayasYouRace]

I’ve changed the topic title just to be careful about libel. Please be very careful with what you post.

[krapmeister]

I don't think the Red Bull Ring needs 'sponsors' like these to keep running, as it is owned by Mateschitz's estate and/or company so doubt it would be short of cash. But agree that they are odd choices to sponsor what would be a relatively high profile international event...

Edited by krapmeister, 20 August 2023 - 14:02.

[Dolph]

I’ve changed the topic title just to be careful about libel. Please be very careful with what you post.

 

If only you could care about your 20+ year forum members as much about the law suit from Livepot.com

 

I've stopped posting now for over 2 months, but this kind of thing is just disgusting.

Edited by Dolph, 20 August 2023 - 14:14.

[August]

I don't think the Red Bull Ring needs 'sponsors' like these to keep running, as it is owned by Mateschitz's estate and/or company so doubt it would be short of cash. But agree that they are odd choices to sponsor what would be a relatively high profile international event...

Without commenting those particular sponsors, but if hosting that kind of events was profitable, F1 would still have Hockenheim and/or Nürburgring in the calendar.

[Pete_f1]

Yeah I thought a similar thing.

'Livepot' did make me smile

[Grippy]

Going to the website and right-clicking and selecting 'view page source' it shows parent company as CryptoDATA TECH S.R.L. which appears to be a legit Romanian tech company if you do a search.

 

Scamadvisor says Livepot.com appears legit (worth a read)

https://www.scamadvi...ite/livepot.com

 

LivePot Whitepaper

https://livepot.s3.e...tWhitepaper.pdf

which is a 30 page .pdf

 

A company called LIVEPOT WORLDWIDE LTD was recently registered at Companies House UK, with office in London and a Romanian director. I am assuming this is linked but don't know for sure), with shares held by a U.A.E. company

https://find-and-upd.../filing-history

 

Sponsorship article from last year

https://www.motogp.c...strian-gp/12384

 

There is also a company called 'Livepot Qatar' which appears to be different, but will maybe be a trademark issue?

 

 

[Sterzo]

If only you could care about your 20+ year forum members as much about the law suit from Livepot.com

 

I've stopped posting now for over 2 months, but this kind of thing is just disgusting.

Best of luck finding an internet forum which welcomes legal threats prompted by incautious posts.

[PayasYouRace]

If only you could care about your 20+ year forum members as much about the law suit from Livepot.com

 

I've stopped posting now for over 2 months, but this kind of thing is just disgusting.

 

Am I missing something here? It's precisely because we care about this forum membership that we need to avoid defamation.

[1player]

In 2018 the F1 Grand Prix in Austria was sponsored by Eyetime.com. Some shady business who at the time had a promo video on their website where their computers and keyboards on the desks were not even connected. A year later in 2019 we saw the same logo at F1 and MotoGP, but now called MyWorld.com. Apparently a daughter 'company' of Lyoness, who has been banned in Austria, Switzerland and Norway for operating a Ponzi scheme.

 

I didn't notice much weird sponsoring during the Covid years, but wachting MotoGP today, the whole start/finish sponsoring was made up of 'Livepot.com' .. a company with already a stunning 110 followers on Instagram and just one page of website with empty lines reading 'This multifunctional platform is the ultimate playground for gamers, offering an array of exciting features and functionalities.'

 

This all feels even more weird than Rich Energy for me. How come these kind of shady deals can be displayed on the world stage for millions of people to see? How come hardly any journalist is jumping on to this? Million dollar deals with shell companies are being made to keep the Red Bull Ring running and everybody is like 'oh well'?

It's the same type of sponsors of the crypto world that are plastered on top of every other car. McLaren has OKX, Williams has Kraken, Mercedes has FTX, F1 itself has crypto.com

 

In this era of high inflation, the ones still with a lot of money to spend on bullshit ads are crypto businesses that made a boatload of money in the past 20 years of low interest rates, and now pay the most, judging by the size of their logos on cars.

 

I reckon it's because it's highly tax profitable to do so, as cryptocurrency gains are considered capital gains, so it might be beneficial to unload some of that in "corporate expenses" such as marketing.

[Chubby_Deuce]

a legit Romanian tech company

A legit cryptocurrency company? Lol

[P123]

I wonder who is arranging these sponsorship deals for the Red Bull ring, and why they are a circuit that seems to attract them.

[PayasYouRace]

 Williams has Kraken,

 

And here I've been thinking they're sponsored by the rum brand.

[Clatter]

I wonder who is arranging these sponsorship deals for the Red Bull ring, and why they are a circuit that seems to attract them.

AFAIA f1 has control of all the trackside advertising for the GP, not the circuit.

[cbo]

"NON OLET" as emperor Vespasian allegedly said when criticised for taxing the produce from public urinals.... 🙂

[pacificquay]

If only you could care about your 20+ year forum members as much about the law suit from Livepot.com

 

I've stopped posting now for over 2 months, but this kind of thing is just disgusting.

 Would you rather the forum was sued out of existence and you then couldn’t post at all?

[loki]

Williams has Kraken,

 Until they release it… 

 

The crypto thing has a lot of loose money looking for a promo platform to attract more.  The newer coins are rife with pump and dump schemes.  Statistically most are pump and dumps.

[JeePee]

AFAIA f1 has control of all the trackside advertising for the GP, not the circuit.

Eyetime and MyWorld were both trackside sponsors at F1 and MotoGP at the RBR.

[Beri]

AFAIA f1 has control of all the trackside advertising for the GP, not the circuit.

 

CM.com has its presence at Zandvoort. It is their main sponsor year round and due to this is allowed advertising during the Grand Prix.

 

Which is different with MyWorld/Eyetime

[Disgrace]

In a shocking - shocking - turn of events, this sponsor is now under the spotlight:

 

GPOne's Aglio writes that the sale of the team was made necessary as a result of sponsor and 60% team owner CryptoDATA, a Romanian data security firm, allegedly not having made any payments, either to Razali for their share of the team, nor for the title sponsorship of the Austrian round of MotoGP.

 

Truly shocking. I am shocked.

[JeePee]

Amazing.

And, sorry to say this Razali, but fully deserved. If you do business with these kind of companies, you shouldn't do business in the first place.

But still very strange that Red Bull also does these kind of deals.

[Grippy]

That surprises me as they seemed a proper company.

Looking at their financials in 2021 (most recent data I can find) they made a gross profit of approx €230,000, with their MotoGP investment supposedly €50million over 4 years they do appear to have been optimistic in their funding ability.

https://icapb2b.ro/c...1537169-en.html

Still more real than RE though.