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Motorsports

StadioBike Welcomes Kristin Labonte and James Pope to Ownership Team

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Organization Poised to Deliver Excitement to Fans at the Intersection of Bicycle Racing and Motorsports

Indianapolis, IN – June 25, 2025 – StadioBike, transforming bicycle racing into a non-stop action-packed stadium sport at iconic motorsports tracks across America, announces the addition of two influential leaders to their ownership team – motorsports marketing executive and retired professional cyclist Kristin Labonte and globally respected cycling event architect James Pope. Labonte and Pope add global expertise and unique experience, amplifying StadioBike’s position as a fan-centric stadium-style sporting event at the intersection of bicycle racing and motorsports.

“I am thrilled to join StadioBike because it allows me to merge two worlds I love and know very well—bike racing and motorsports,” said Labonte. “To help build a racing property that delivers the opportunity for all those super-fast local riders to finally have a shot against elite bike racers, and in a format that is specifically designed for all race fans, is really exciting!”

StadioBike defines a new discipline of bicycle racing. Contested on banked oval motorsport tracks, where its unique format requires teams to complete a series of relay-style rider substitutions, adding drama and strategy that play out right in front of the fan’s eyes on pit road. Looking ahead, StadioBike will officially hold its inaugural race in 2026 and a nation-wide race series in 2027 that culminates in a series championship.

Labonte, a former Masters National Champion in the individual time trial, criterium and road racing disciplines, is Managing Partner of Breaking Limits, a premier strategic sports marketing agency based in North Carolina. Her insider perspective—shaped by her experience as a former professional cyclist, her business experience at the highest levels of motorsports, and as the wife of 2000 NASCAR Cup Series Champion and NASCAR Hall of Famer Bobby Labonte—brings an unmatched blend of authenticity, strategy, and access to the motorsport’s world. She will lead efforts in strategic marketing and partner marketing, and function as the organization’s Chief Marketing Officer.

“Throughout my career, I’ve been dedicated to pushing the boundaries of what cycling events can be—creating experiences that excite fans and elevate the sport,” said Pope. “The vision and ambition behind StadioBike immediately stood out to me. Transforming bike racing into a stadium sport with high-stakes action and dynamic storytelling is exactly the kind of innovation our industry needs. I’m excited to join the team and help shape this bold new chapter in competitive cycling.”

James Pope is a globally respected event architect with over two decades of experience creating and scaling marquee cycling events. His portfolio includes work with the UCI Track Champions League, GCN Events, Revolution Series, and the award-winning Nocturne Series. Pope brings a deep understanding of fan engagement, venue production, and international scalability. He will guide StadioBike’s event operations and global expansion strategy.

“We believe American racing fans will love StadioBike,” said Courtney Bishop, CEO of StadioBike and famed 3-time winning coach of Indiana University’s iconic Little 500. “We’re building a highly entertaining can’t-look-away kind of racing event where all the action happens right before your eyes and brings fans to their feet – and we’re giving local cycling heroes a shot to show what they’re made of against the pros. To have James and Kristin believe in us, come on board as investors and help us build this, is really validating and exciting.”

In October 2024, StadioBike held a test event at the Las Vegas Motor Speedway featuring six Continental Pro teams and confirmed the viability and the appeal of its unique racing format. The race’s relay-style rider substitutions created real-time strategy decisions for coaches, a physically taxing racing environment for riders and a compelling visual for fans. The format’s success drew praise from across the cycling world, including from Chris Aronholt of Medalist Sports, a leading figure in U.S. cycling event production.

“The test event at Las Vegas was strong,” said Aronholt. “The StadioBike team proved the concept worked from a competitive standpoint, and it was really exciting to watch as a spectator.”

Several high-profile cyclists also attended the test event including Rahsaan Bahati, a highly respected American professional cyclist, 10-time USPRO National Champion and a co-owner of StadioBike.

“I have been involved in the sport of cycling for over three decades, witnessing numerous changes while also recognizing the enduring aspects of the sport,” said Bahati. “When I was presented with the concept of a bike race for sports enthusiasts at motor speedways, I immediately recognized its potential to be transformative, not just for the racers but for the sport as a whole. Having raced on professional teams and managed my own, I understand the importance of supporting athletes. I am thrilled to lead Athlete Strategy for StadioBike in our mission to make the greatest bike racing spectacle.”

With momentum growing and a foundation built on early and robust investment, StadioBike is now opening the door to new partners—brands, investors, venues, and content platforms alike—who want to shape a new form of American bicycle racing.

About StadioBike

StadioBike is reimagining bicycle racing as a bold, stadium-based sport, driven by a unique racing format that delivers nonstop action through relay-style rider substitutions. Creating fandom rooted in an “us-versus-them” rivalry, StadioBike fuels community engagement by allowing local teams to race against top professionals in pursuit of victory. Held at some of America’s most iconic oval motorsports tracks, it is short and simple – with a winner crowned in about two hours when the first rider crosses the finish line!

Rooted in equal opportunity, StadioBike offers identical prize money for men’s and women’s races. Chosen racetracks make the action 100% viewable from the comfort of a box seat. Blending competition with immersive entertainment, real-time metrics, and eSports-style interactivity, it’s built for today’s fan.

StadioBike delivers a stadium game-like spectacle tuned for modern sports culture, launching a new American discipline and league that is designed to captivate fans, sponsors, and riders alike.

Find out more at StadioBike.com.





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Motorsports

Denny Hamlin Discloses the Massive Figure Teams Pay Because of NASCAR’s Sponsorship Restrictions

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Denny Hamlin addressed growing frustrations a few months ago following NASCAR’s move to fully standardized parts in 2022. While the shift was intended to control costs, its ripple effects have extended far beyond that goal.

Competitive balance has tightened to the point where cars now mirror one another almost perfectly, leaving drivers with fewer tools to create separation on track. Passing has become more difficult, short-track racing has lost much of its edge, and teams have found themselves boxed into purchasing expensive components from approved suppliers, even when those parts fail to suit their setups or when alternatives elsewhere in the market might outperform them.

Hamlin explained that once NASCAR signs a category partner, teams lose their entire freedom within that space. If the sanctioning body locks in a fuel or tire partner, teams cannot seek sponsorship from a competing brand in the same category.

That restriction applies regardless of competitive benefit or financial upside. According to the Joe Gibbs Racing driver, the most critical performance elements on a race car, fuel and tires, sit squarely within those locked categories, yet teams remain unable to leverage them commercially.

Hamlin expanded on that point with a concrete example, saying, “I think we probably pay about $700,000 a year in tires. In tires. I mean, Goodyear is the official provider of NASCAR tires, but we have to purchase them. They’re not given to us. We have to purchase them.

“But that’s an agreement that they have with NASCAR itself. And again, it’s a category where we couldn’t go get a Michelin to sponsor our car.”

The structure has contributed to broader consequences across the garage. Mechanical innovation has slowed as teams operate within the limits of a spec car. Distinct driving styles carry less influence when equipment behaves the same across the field. At the same time, safety and performance concerns tied to mandated components often leave teams powerless to act independently.

NASCAR’s requirement that teams purchase parts exclusively from approved vendors has shifted problem-solving authority away from the organizations that race the cars weekly.

Manufacturers have felt the effects as well. Chevrolet, Ford, and Toyota now have limited room to highlight engineering identity or technical evolution. With fewer avenues to differentiate, their ability to connect innovation to on-track performance has diminished, a factor that could affect long-term investment and fan engagement.

When flaws emerge in a required component, the impact becomes universal. Every team must wait for NASCAR and its supplier to address the issue. The early version of the Next Gen chassis highlighted that risk. Its excessive stiffness failed to absorb impact energy effectively, contributing to a series of injuries and concussions before adjustments were made.

Tires present another constraint. With Goodyear serving as the sole supplier, teams cannot explore alternative compounds or manufacturers to better match track characteristics or driving approaches.

That strategy exists in other forms of motorsport. Formula 1, while also operating under a single-supplier model with Pirelli, still allows teams to select from multiple compounds. NASCAR’s low-profile Next Gen tires have further altered feedback, reducing the tactile “feel” drivers rely on to manage grip and balance.

Although standardization was intended to reduce costs, several teams argue that the economics remain unfavorable. The mandated parts come with high purchase prices, yet teams do not retain ownership, as the components remain NASCAR property. That imbalance has fueled recent antitrust litigation, prompting teams to question the model’s sustainability.

Now, with NASCAR signaling openness to restoring limited innovation and increasing horsepower, optimism has begun to surface. If implemented, those changes could reintroduce speed, improve race quality, and give teams greater control starting next season.



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Denny Hamlin On Exactly How He Kickstarted the 23XI Dream With Michael Jordan

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Michael Jordan and Denny Hamlin created history last week by forcing NASCAR to settle the antitrust lawsuit that was in trial at the courthouse since the beginning of the month. The settlement represented a huge win for every team owner in the sport and catapulted 23XI Racing to a legendary status. To think all this began in a basketball game that Hamlin happened to attend.

Speaking on the Digital Social Hour podcast earlier this year, the No. 11 driver narrated how he became a business partners with Jordan and how 23XI Racing came to exist. He said, “I met him at a Charlotte Hornets game. I had courtside seats.

“I’m leaving to go to the restroom at halftime. He had his security guys come grab me. He said, “Hey, Michael would like to meet you”, Hamlin added. 

“From that point on, he got my number, started asking me all these questions about NASCAR. And I’m like, ‘What? Wait a minute. You watch NASCAR?’ He’s like, ‘Dude, I never miss. Every Sunday, I’m sitting in front of a TV watching NASCAR.”

Jordan has been an avid NASCAR fan since childhood, developing the interest from the races that his father used to take him to as a kid. Following that first meeting, they’d taken their friendship to the next level by playing games of golf together.

Noticing Jordan’s interest, Hamlin requested that he supply the gear for his No. 11 Joe Gibbs Racing team through Nike, and the NBA legend obliged. Soon enough, the idea of owning a race team together popped up, and the rest is history. 

Has Hamlin taught Jordan how to race cars?

Driving a stock car is not an easy business. Even for Jordan. Wanting to experience what it was like, he once asked Hamlin for the chance to get into the professional-grade simulator that Cup Series drivers use to prepare for races.

Following some special adjustments to the rig to fit his size, the Chicago Bulls legend got into the simulator and came out with a very clear picture of just how hard it is to handle a stock car.

Hamlin said, “He got in it, and he probably lasted 10 minutes, and he’s like, ‘It’s making me shake.’ They had to retrofit him to get in there in the first place. But they did, and he had a blast.” Jordan developed a newfound respect for what drivers did that day.



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Great Ideas in Destination Branding: Pennsylvania Tourism Office

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Activations: NASCAR Xfinity Series Explore the Pocono Mountains 250; NASCAR Cup Series The Great American Getaway 400 presented by VisitPA.com

The money trail: The state’s Sports, Marketing and Tourism Account, a $5 million annual fund developed in 2022 within the state’s Gaming Economic Development and Tourism Fund, is backed by tax revenue generated from sports wagering in the state. The fund provided $250,000 to the Pocono Mountains Visitors Bureau to support the 2024 NASCAR tripleheader weekend at Pocono Raceway. Additionally, the state paid a total of $1.1 million for the title sponsorship of the 2024 and 2025 NASCAR Cup Series The Great American Getaway 400 presented by VisitPA.com.

What makes these great: Legislators were careful to get a quantifiable return on their grants, as event operators must include a link to VisitPA.com on all related marketing materials and must allocate in-kind sponsorship benefits to the state, valued at up to 10% of the total awarded grant amount. Also unique was that the grant for the raceway helped offset the purchase of machinery and equipment that was used during a $1.8 million capital improvements project, which benefits future track operations and events.

Pennsylvania paid paid $575,000 for the title sponsorship of the June 22 NASCAR Cup Series race. Pennsylvania Tourism Office

Measuring success: The Pennsylvania Independent Fiscal Office estimated that 60% of the 92,900 unique visitors to the region during NASCAR weekend — including fans and race participants — came from outside the Poconos. Those visitors booked an estimated 30,700 hotel and short-term rental room nights, generated $240,000 in lodging tax revenue and spent $27.4 million at local businesses. Additionally, the media value from the 2025 Cup Series race (which aired on Prime Video and HBO Max) was $3.8 million for the VisitPA and The Great American Getaway branding, according to the state’s Department of Community & Economic Development.



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NASCAR Settles Landmark Antitrust Lawsuit

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NASCAR has ended a major antitrust lawsuit, brought by team owners including basketball legend Michael Jordan of 23XI Racing and Bob Jenkins of Front Row Motorsports, after reaching a settlement on Thursday.

The agreement was finalised following eight days of a federal trial, representing a major concession by NASCAR that introduces “evergreen” or permanent charters for all teams and includes an undisclosed financial element.

The lawsuit was initiated after 23XI Racing and Front Row Motorsports, two of the 15 Cup Series organisations, refused to sign a 2024 extension of NASCAR’s charter agreements.

These agreements grant teams franchise-like ownership over their entries and a share of prize money.

The plaintiffs argued that the charters did not provide teams with enough rights or financial viability, accusing NASCAR of operating a non-transparent monopoly that stifled competition.

Testimony during the trial revealed that teams received approximately $12–13 million annually under the old agreement, while they claimed they needed closer to $20 million to be financially sustainable.

The key commercial adjustment secured by the teams is the establishment of “evergreen” charters, subject to mutual agreement from the other charter holders.

This permanence is expected to significantly increase charter valuations, attracting greater investment and stability to the sport’s ownership base.

The settlement also returns the six respective charters (three each) to 23XI and Front Row Motorsports, restoring them to full chartered status alongside the other 30 chartered entries in the field.

While the financial terms of the settlement are confidential and were not specified in the joint statement, industry sources suggest the settlement included compensation for the plaintiff teams for lost income incurred while they raced unchartered in the 2025 season.

Furthermore, the amendment to the charter agreement for all teams is understood to include increased team influence, such as a return to a “strike rule” (now increased to five) allowing teams to veto major decisions, and a new portion of revenue from NASCAR’s international media rights deals.

The resolution, which avoids a court verdict that could have forced NASCAR to sell its tracks or face damages estimated at over USD300 million (AUD528 million), allows the series to focus on the future.

Don’t miss out on the latest in sports business – Subscribe today to the free Ministry of Sport newsletter and stay ahead of the game. For even more exclusive insights, event tickets, professional development and networking events, become a MoS Member today!.





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Corvette ZR1 Sets New Lap Record At Canadian Tire Motorsports Park: Check Details

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The Chevrolet Corvette ZR1 has been making waves this year, setting a series of performance records hard to ignore. Chevrolet brought a pre-production ZR1 equipped with the ZTK Performance Package to some of the most demanding tracks in the US. This resulted in five new production-car lap records – at Watkins Glen, Road America, Road Atlanta, and both the Full and Grand layouts at Virginia International Raceway.

Chevrolet’s most powerful combustion-only Corvette, the ZR1, may sit in the shadow of the flashier all-wheel-drive ZR1X, but it continues to prove its strength. Recently, with veteran driver Ron Fellows at the wheel, the ZR1 set another production-car lap record. At Canadian Tire Motorsport Park (CTMP), it comfortably outpaced the Ford Mustang GTD, adding to its growing list of achievements.

Also Read: 2026 Skoda Slavia Facelift Snapped, Here’s What Could Be New On Verna Rival

In 2026, the Corvette ZR1, driven by Canadian racing legend Ron Fellows, smashed the Mosport production-car lap record with a quick 1:18.2. This new time beat the previous 1:22.12 mark, set in 2023 by a Corvette Z06, also piloted by Fellows, further highlighting both his skill and the ZR1’s impressive track performance.

Also Read: Tata Sierra Top Variants’ Prices Revealed- Check Details

At Canadian Tire Motorsport Park, the 2026 Corvette ZR1 showcased its extreme performance with the optional ZTK package, which adds massive downforce. Powering the car is a twin-turbocharged 5.5-liter V-8 mounted toward the rear, giving it excellent balance and agility. Chevrolet claims the ZR1 can accelerate from 0-60 mph in just 2.3 seconds, making it one of the quickest Corvettes ever. With the ZTK kit, the car produces up to 1,200 pounds of downward force, ensuring superior grip, stability, and cornering ability during high-speed track runs.

Also Read: Tata Safari, Harrier With Hyperion Petrol Engine To Launch Soon: What To Expect

Equipped with the ZTK aero package, the Corvette ZR1 produces over 550 kilograms of downforce at high speeds. This added grip allows drivers to brake later and maintain higher speeds through Mosport’s fast, flowing sections, where confidence in the car is crucial. The balance of stability and control helps unlock quicker lap times without the need for dramatic maneuvers. Instead, the ZR1 delivers a consistent, relentless pace, showing how advanced aerodynamics can transform performance into smooth efficiency and competitive advantage on demanding tracks.




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New ownership group takes over Canadian Tire Motorsport Park in Bowmanvile, Ont. – Brandon Sun

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BOWMANVILLE – Canadian Tire Motorsport Park has been purchased by a new ownership group.

The new group is led by Peter Thomson with Chris Pfaff and Alek Krstajic as partners.

CTMP is a multi-track motorsport facility outside Bowmanville, Ont., that opened in 1961.

Canadian Tire Motorsport Park, a multi-track motorsport facility about 100 km east of Toronto, has been purchased by a new ownership group. An aerial view of the CTMP event centre is seen in an undated handout photo. THE CANADIAN PRESS/Handout - CTMP (Mandatory Credit)

Canadian Tire Motorsport Park, a multi-track motorsport facility about 100 km east of Toronto, has been purchased by a new ownership group. An aerial view of the CTMP event centre is seen in an undated handout photo. THE CANADIAN PRESS/Handout – CTMP (Mandatory Credit)

“Canadian Tire Motorsport Park is a place with deep heritage and a loyal community,” said Pfaff in a statement. “Our team is proud to be its next steward. We’re committed to respecting everything that makes CTMP special today, while building the foundation for an elevated experience in the years ahead.”

The existing management team and staff, led by Myles Brandt, will remain in place.

A broader vision for the future of the site will be unveiled at the Canadian International Auto Show in February 2026, where the ownership group will share the roadmap for CTMP’s long-term development, investment strategy, and enhanced role within the Canadian motorsport and entertainment spaces.

The team encourages current customers, partners, and media to reach out with any immediate questions about CTMP’s future.

This report by The Canadian Press was first published Dec. 11, 2025.



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