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Japanese Super Formula: TCS named title sponsor of championship team
MUMBAI: Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, today announced that it has been named the title sponsor for team Nakajima Racing in the Japanese Super Formula Championship 2017 series.
Further, TCS will look to contribute as technology partner to TCS Nakajima Racing, leveraging its wealth of knowledge and technical expertise in the field of IT.
Today’s racing machines generate increasingly profuse amounts of data. As technology partner, TCS will collaborate with TCS Nakajima Racing to drive greater efficiency and sophistication in their data analytics.
“We are honoured to partner with such a renowned team, headed by Satoru Nakajima, and are excited at the potential of contributing to TCS Nakajima Racing’s Super Formula campaign through the power of Digital technology,” said Japan Tata Consultancy Services (TCS Japan) president and CEO Amur S. Lakshminarayanan. “As is the case with all TCS’ sponsorships, it is our desire to leverage our forte in Digital to enhance the experience of partners, supporters and the broader community,” he said.
TCS Nakajima Racing general director Satoru Nakajima said, “Firstly I must say that it is an honour to unveil the newly named TCS Nakajima Racing, and I extend my thanks to all those supporting our team’s endeavours. Our first mission as a team is to ensure all measures are taken to position our two drivers for success ahead of the season opener.”
Further, Nakajima commented that, “Through our collaboration with TCS this season, we hope to build a relationship that grows into the future. We see the partnership as an opportunity to contribute to the further growth of motorsports in a new dimension, capitalizing on our respective strengths, while of course pursuing greater heights for the team itself.”
Nakajima Racing is a professional motor racing team based in Japan’s Shizuoka Prefecture, located near the world class Fuji Speedway to the east of Mt. Fuji. Led by renowned former Japanese F1driver, Satoru Nakajima, the team’s mission goes beyond winning championships, and includes contribution to the overall advancement of motorsports through fan, stakeholder and community engagement aimed at raising the profile or motor racing.
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UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
