Two clocks running. (Photo courtesy: Rolex)
Rolex announced Thursday it renewed its title sponsorship of the Rolex 24 at Daytona, preserving a relationship dating back to 1992.
Rolex’s sponsorship in motor sports is a balancing act for a brand placing greater emphasis than ever on protecting the planet, as concerns grow over the sport’s carbon footprint. It exited Formula 1 in 2024 following a dispute over contract length, as first reported by Coronet, with F1 seeking a 10-year renewal and Rolex unwilling to commit beyond five.
At Daytona on Thursday, officials announced a “long-term” agreement though neither Rolex nor Daytona International Speedway disclosed its duration. Winners receive a specially engraved Daytona watch, a prize so famous that a Rolex exit is hard to imagine.
Still, motor racing is inherently resource-intensive, a reality at odds with Rolex’s Perpetual Planet Initiative, especially when done in the name of entertainment. Rolex could frame racing as a form of engineering exploration: The same innovations in motor racing that have improved road cars can be applied for cleaner fuels, longer-lasting tires and greater energy efficiency.
This year, for the first time, the race will award a new Sustainability in Racing Award at Daytona, measuring tire usage and energy consumption, including renewable biofuel and hybrid systems, against final rankings.