FII PRIORITY Summit in Miami Discusses Investment in Sports

Discussions at the PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute in Miami, focused on the second day on investment in sports
Discussions at the PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute in Miami, focused on the second day on investment in sports
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FII PRIORITY Summit in Miami Discusses Investment in Sports

Discussions at the PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute in Miami, focused on the second day on investment in sports
Discussions at the PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute in Miami, focused on the second day on investment in sports

Sessions, discussions and dialogues at the PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute in Miami, focused on the second day on investment in sports.
One of the most important questions raised at the summit themed, "On the Edge of a New Frontier," was: What drives growth in sports assets and innovation in sports? How do investors and owners of sports teams reshape sports financially? Speakers pointed out that in recent years, sports investment has witnessed a major transformation with the increase in media broadcast rights for sports events and tournaments, and the achievement of high financial returns as a result of investment projects in this vital field, which attracts many followers around the world.
Speakers at the sessions explained that investing in sports is not just about winning games, but it is rather a huge platform that brings communities together and gets to know each other.
Participants also spoke about the development of sports investment with increasing financial returns in paid broadcasting rights, and about increasing demand, digital expansion, and accessing more global markets, as investors support shaping sports financially and practically, while taking advantage of modern technologies to attract new fans and followers in watching sports tournaments.
The participants also touched upon ways to invest in art, entertainment, museums and media, and the role of media and entertainment companies in developing content across various platforms to attract wider audiences, generate income effectively, and shape culture in their countries.



Antonelli Named as Hamilton’s Replacement at Formula 1's Mercedes

Mercedes driver Kimi Antonelli of Italy walks down stairs for the first free practice ahead of the Formula One Italian Grand Prix race at the Monza racetrack, in Monza, Italy, Friday, Aug. 30, 2024. (AP Photo/Luca Bruno)
Mercedes driver Kimi Antonelli of Italy walks down stairs for the first free practice ahead of the Formula One Italian Grand Prix race at the Monza racetrack, in Monza, Italy, Friday, Aug. 30, 2024. (AP Photo/Luca Bruno)
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Antonelli Named as Hamilton’s Replacement at Formula 1's Mercedes

Mercedes driver Kimi Antonelli of Italy walks down stairs for the first free practice ahead of the Formula One Italian Grand Prix race at the Monza racetrack, in Monza, Italy, Friday, Aug. 30, 2024. (AP Photo/Luca Bruno)
Mercedes driver Kimi Antonelli of Italy walks down stairs for the first free practice ahead of the Formula One Italian Grand Prix race at the Monza racetrack, in Monza, Italy, Friday, Aug. 30, 2024. (AP Photo/Luca Bruno)

Teenager Kimi Antonelli has been named as Lewis Hamilton’s replacement next year at Mercedes, a day after his Formula One debut ended in the 18-year-old driver hitting the wall.
Antonelli took over for George Russell in the opening practice session for Sunday’s Italian Grand Prix at Monza.
But his much-anticipated first appearance lasted fewer than six laps, and only 10 minutes, after he lost control of his Mercedes at the Parabolica, sliding backwards through the gravel and into the tire barrier.
Team principal Toto Wolff said Saturday the crash would have no impact on Antonelli’s F1 chances, and confirmation of his elevation as a junior driver with the team was confirmed ahead of final practice at his home event.
“It is an amazing feeling to be announced as a Mercedes works driver alongside George for 2025,” said Antonelli. “Reaching F1 is a dream I’ve had since I was a small boy."