• Loading stock data...
Wednesday, February 21, 2024
Register Now for Future of Sports: Cybersecurity

Understanding Partnerships With an Inside Look at Chip Ganassi Racing’s Strategy

Photo credit: Chip Ganassi Racing
chip-ganassi-racing-strategy

Photo via Chip Ganassi Racing

Chip Ganassi Racing has an impressive stable of 12 drivers representing four different racing series, and with that diversity comes a variety of partnerships and sponsors. The CGR team knows that partnerships are not a one-size-fits-all approach; constant communication and developing relationships have been the keys to CGR’s success and longevity with its partners.

“I think the main thing with any type of relationship is listening to what’s important and trying to bring partners the things that they desire,” said John Olguin, senior vice president, marketing and communications. “Just doing what we think is right does not make sense from a partnership perspective. It is easier to keep partners than to find them, so that’s one reason why communication is so important. Having conversations allows us to develop a plan and meet the objectives that we’re jointly seeking with our partners.”

For more than 30 years, Chip Ganassi has been a fixture in the racing industry. He began with a single INDYCAR team in 1990, and now his organization features a pair of NASCAR teams, two INDYCAR teams, two IMSA teams and two WEC teams. CGR boasts partnerships with some of the biggest brands around, including McDonald’s, Cessna, Credit One Bank, PNC Bank and many others.

READ MORE: How NASCAR Stays Up to Speed in the Ever-Changing Digital Space

The Ganassi organization was founded with the backing of major retailer Target, which could be seen sponsoring a CGR-powered race car any given weekend until it decided to move out of racing. When Target left, other partners stepped up to fill the void thanks to the value that CGR brought to the companies involved.

“Chip always says that we have one goal. We want to win on and off the track,” Olguin said. “To win off the track, we have to bring value to the partner. We’ve been with several of our partners for a number of years, including Bass Pro Shops (2009), McDonald’s (2010) and Cessna (2013).”

The No. 1 Chevrolet in the Monster Energy NASCAR Cup Series, which will be driven by CGR newcomer Kurt Busch this season, has been sponsored by Cessna and McDonald’s in years past.

[mc4wp_form id=”8260″]

“The No. 1 car predominantly shared two sponsors, and they were polar opposites,” said Olguin. “One sells dollar hamburgers and one sells multimillion dollar airplanes, but they’re using the same platform to accomplish their goals. McDonald’s wants to see the golden arches everywhere, whereas Cessna simply wants to sell airplanes. They are now part of the NASCAR family and want nothing more than to have their planes transporting drivers, owners, teams and sponsors to and from the track.”

Another partner of Chip Ganassi Racing is Credit One Bank, which stepped up specifically for the No. 42 NASCAR Cup Series team of Kyle Larson when Target left.

Credit One Bank often has unique activations at the race track involving Larson, and not only are they a hit for the fans, but the digital and social media engagement is impressive.

WATCH: Inside Toyota’s Massive Daytona Activation

“Credit One Bank created campground gift packs that fans could win on social and they would have Kyle go to the infield and surprise the winners with products,” Olguin said. “They also did something cool with ‘Flat Kyle’ (similar to ‘Flat Stanley’) where they distributed him through social media and kids took him with them all around the world and posted photos of his travels on social media. The ‘Flat Kyle’ activation resonated with followers. Some of our partners want big activations at the track or on digital, and others — like Cessna — are more focused on the business to business aspect.”

One of the major benefits for partners of CGR is that they have access to all of the company’s race teams across the different series.

“One great aspect of being represented in different series is that if a company is a partner of ours in NASCAR, for example, it still has access to our INDYCAR and sports car teams,” Olguin said. “It allows them to reach different demographics and expand their branding and message.”

Olguin and the team at Chip Ganassi Racing know that retaining partners is one of the keys to having a successful organization. Having conversations with partners and setting goals together, rather than using a one-size-fits-all approach has allowed the Ganassi brass to maintain longstanding relationships with several companies.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Sabrina-Steph Wasn’t the ‘Battle of the Sexes’—But It Was Part of the Bigger War

The competition could play a factor in increasing the WNBA’s media value.
NASCAR Cup Series driver Bubba Wallace (23), in a Star Wars rebel alliance X-wing fighter pilot-inspired race suit, motions to the crowd to get louder during the driver introductions for the Cup Series Championship race at Phoenix Raceway in Avondale on Nov. 5, 2023.

Celebrity Owners, International Ambitions, and $7B Media Deals: Welcome to the New NASCAR

NASCAR boldly keeps pace with the increasingly competitive sports and entertainment world.

FOS With Ryan Blaney: NASCAR Champ Talks Netflix, Racing Changes

NASCAR’s 2023 champion chats with FOS ahead of the Daytona 500.

Wilson Introduced an Airless Basketball for $2,500. We Had Questions

The black, 3D-printed ball appeared in last year’s Slam Dunk Contest.
podcast thumbnail mobile
Front Office Sports Today

Deconstructing the A’s and Their Messy Move

0:00
0:00

Featured Today

Emily Henegar, a baker and content creator, made a batch of NFL-inspired cookies featuring Taylor Swift and Travis Kelce.

The ‘Life-Changing’ Economy of Taylor Swift’s NFL Outfits

Appearing in Swift’s game-day wardrobe has been “life-changing” for small businesses.
February 11, 2024

Tom Brady’s Post-Retirement Embrace of Las Vegas

With business all over town, one partner says, ’He’s going to be a great addition to the city.’
Super Bowl
February 11, 2024

Does the Vegas Super Bowl Make Economic Sense? Depends Where You Get Your Figures

The game’s impact on an already bustling town is a thorny subject.
February 10, 2024

How Two EDM-Loving Dudes Reinvented the Super Bowl Party

The inside story—replete with tigers and billionaires—of Medium Rare.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Finance Manager
FanDuel
New York, NY
Senior Technical Artist - Sports Technology
EA Sports
Orlando, FL
Assistant Manager, Affiliate Operations
Adidas
Portland, OR
Drew Brees smiling while wearing hat

Drew Brees, PointsBet Pull Off Elaborate Lightning Publicity Stunt

The video racked up over 2 million views in about 12 hours.
al michaels and kirk hergstreit
September 15, 2022

Amazon’s Advertising Blitz Ahead Of First ‘Thursday Night Football’

‘Thursday Night Football’ has launched massive marketing takeover ahead of Chiefs-Chargers.
September 16, 2022

NBA Legend Scottie Pippen Latest Celebrity To Endorse LIV Golf

The former Chicago Bull is part of LIV’s celebrity marketing campaign.
Sponsored

Live Sports Are Now High-Tech Experiences

Oracle is leading the technology revolution happening in stadiums across the world.
June 21, 2022

NBA Finals Broke Records on Social Media

The NBA closed out the season with a bang on social media, eclipsing 2 billion video plays for a 19% increase over last year.
June 21, 2022

Gallo Winery Could Be New Player For Super Bowl Spots

Anheuser-Busch is giving up Super Bowl alcohol exclusivity for first in decades. NFL sponsor E. & J. Gallo Winery might step up with own commercials in the Big Game.
June 13, 2022

NBA’s Latest Floating Court Hits London’s River Thames

Hennessy continued their global initiative with the NBA by creating a floating court in the River Thames.
June 13, 2022

Steph Curry Is NBA’s Social Media King

Steph Curry isn’t only dominating on the court, he’s become the king of the NBA’s social and digital push.