Good morning! Attention, Money Lap fans! Today’s email will be our Last Tuesday email for a while. In our efforts to keep you the most up to date, starting next week, we will be transitioning to a Monday, Wednesday, Friday schedule as we hope this will provide an even better experience for all of you racing obsessed people like us!

Now, back to the racing!

F1

Driving Investments

💰 Formula 1 team Alpine just bagged a cool $218m from a group of investors, one of whom is Hollywood's own Ryan Reynolds. This cash injection is set to fuel the French operation’s sporting ambitions as they rev up to take on the competition in the constructors’ championship. 🏆

The $218 Million dollar investment for 24% of Alpine F1 values the team at a whopping $900 Million. 🤑

"Formula 1 and Alpine are strategic assets for Renault Group" noted Renault Group CEO Luca de Meo, expressing hopes for a championship contention. Meanwhile, Alpine CEO Laurent Rossi voiced his ambition to catch up with the top teams, stating that the investment “will in turn be reinvested in the team." 🚀

This deal revolves solely around the F1 team, leaving Renault's engine division untouched. 🔄

More F1

➕ Junior Formulae outfit HiTech confirms F1 entry bid

⚖️ Pirelli hopes past flexibility gives it the edge over Bridgestone for next F1 tire deal

🎮 Audi announces new simulator driver as they take next step in F1 power unit development

NASCAR

Hometown Heroes

Ross Chastain broke his year-long winless streak with a glorious win at the Nashville Superspeedway 🎸, securing Trackhouse Racing's first NASCAR Cup victory in their hometown of Nashville, TN. 🏠 An emotional Chastain said post-win: "I got to tell you, this is incredible...I had a group that believed in me and they didn’t let me get down." 💪

Leading the race with 70 of 300 laps remaining, Chastain kept his nerve and held off Martin Truex Jr. by 0.789 seconds 🏆, wrapping up his first win of 2023 and third career victory.

Denny Hamlin and Chase Elliott rounded out the top four, with Hamlin's early lead ultimately seized by Chastain. Meanwhile, Kyle Larson secured a fifth-place finish. 🏅

More NASCAR

🚧 NASCAR must add safer barriers to all tracks

🏆 Allmendinger wins Nashville Xfinity race

👊 Kyle Busch describes Chicago street course as a survival race

⭕️ Van Gisbergen wants to try NASCAR oval race

👀 Carl Edwards says NASCAR return is not the right thing to do for fun

IndyCar

Catch Me If You Can

Josef Newgarden of Team Penske 🏁 isn't giving up the IndyCar Series trophy 🏆 so easily, despite Alex Palou's 74-point lead at the halfway stage. Asserting that the race is "pretty wide open still", Newgarden acknowledged Palou's impressive consistency, yet stressed that there's "so much season still". 🏎️🔄

Palou's teammate at Chip Ganassi Racing, Marcus Ericsson, sits 74 points behind. Meanwhile, Newgarden lags 81 points back, optimistically proclaiming, “Probably win by 200 points if you won nine races straight". 📈🎲

Palou, however, remains focused on race wins over point accumulation, acknowledging the challenges of IndyCar and asserting, "Somebody can have three or four wins in a row". 🚀🏁

The race heats up as we move towards the back half of the season! 🔥

More IndyCar

👋 Callum Ilott is on a quest to build his name in IndyCar

GLOBAL MOTORSPORT

Take a trip to far away motorsport lands

🆕 WRT tests BMW’s new hybrid V8 engine for the first time - The Belgian team is preparing for its debut in the 2024 FIA World Endurance Championship with the innovative power unit.

🚀 Toyota plans to launch its next-gen GT3 car in 2026 - The manufacturer is developing a new car based on the GR Super Sport hypercar, which will compete in the top class of the WEC.

🇰🇪 Ogier wins a thrilling rally in Kenya after a fierce battle - The seven-time world champion extends his lead in the standings with a hard-fought victory in the Safari Rally, overcoming punctures, suspension damage and rivals.

💪 Sutton keeps BTCC lead with two podiums at Oulton Park - The reigning champion shows his consistency and speed in the British Touring Car Championship, finishing second and third in two races.

🏁 Aston Martin’s Valkyrie hypercar may still race after all - The British brand is reportedly in talks with potential partners to revive its stalled hypercar programme, which was originally planned for the 2021 WEC season.

🥇 Porsche and BMW claim class wins at the Six Hours of Watkins Glen - The German marques dominate the GT classes in the IMSA WeatherTech SportsCar Championship, with Porsche winning GTLM and BMW taking GTD.

The Money Lap Podcast | Episode 8

Episode 8 is out NOW! In this episode, we dive into some exciting Money Lap news. We breakdown a listener's review of F1 Arcade, exploring how the attraction is similar to TopGolf. From there, we turn our attention to the nuances of F1 and NASCAR racing in rainy conditions, shedding light on the unique strategies and challenges that each motorsport faces. We also take a speculative look at possible F1 upgrades, providing our insight into the changes that might be coming and their potential impact on the sport.

Watch and Listen Now

Watch on Youtube | Spotify | Apple Podcast

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Memes

ONBOARD OF THE DAY

John Paul Jr. Portland 1990 IMSA Onboard

Take a visit to Portland circa 1990 with John Paul Jr. Ride with him for a lap in his single turbo Nissan as he wrestles a tight car around Portland International Raceway.