
Hi friends - Niru here! Summer break for F1 is on right now, but there is no shortage of things to talk about, like the mayhem going on at FIFA.
But I wanted to speak about the McLaren paid membership program they launched.
P.S. I would love your feedback, so please do reply. Or choose an option at the end of the email. Even if you don't like it. I genuinely read all the replies.
I've built paid membership programmes myself and spent months studying what makes them hold up under real subscriber scrutiny.
McLaren has launched a new paid fan membership programme, Papaya Membership, and that work is why it caught my attention this week — laying out, almost by accident, where the value maths holds up for fans and where it still needs work.
Every team on the grid is running some version of a paid-vs-free fan bet right now.
Haas launched a free loyalty tier the same week McLaren launched a paid one.
Williams runs a free points ladder.
McLaren charged $90 AUD and called it Papaya Membership.
Today's issue is about why that split matters more than it looks, and what it costs the teams that get the pricing wrong.
In today's issue:
Why fans are pricing memberships against Netflix
What UK-only perks miss about McLaren's real fanbase
The beta stage McLaren skipped before launching Papaya
What's still missing from Papaya Membership's value case

COMMERCIAL NEWS
🛠️ BUILD
Tom Alder (Strategy Breakdowns) broke down how Logitech rebuilt a dying commodity mouse business into $5.25bn in revenue by pulling money out of the cheap line and pricing a premium mouse at $119.99 — undercutting your own category on price protects revenue today and kills the premium tier you'll need tomorrow.
Ryan Tinslay (AND THE NEW) launched Significant Figures with SAP, a scalable content format built around motorsport figures rather than a one-off activation — ownable IP compounds a partnership's value across a season in a way a single-race stunt never does.
📈 MONETIZE
Sarah Beakey detailed how LVMH used the Belgian Grand Prix to stage Moët & Chandon's $13,450 Out Lap dining experience and its La Maison pop-up — a title sponsorship doing double duty as a client acquisition funnel for the parent group's luxury houses, not just podium branding.
Lewis Hamilton launched Card Culture, a trading card retail venture with Dave & Adam's, opening a physical store in Frankfurt alongside the online shop — an athlete building commerce infrastructure around his own fandom rather than licensing his name to someone else's.
🌱 GROW
Terry Widdows (Coffee Corner Motorsport) went through F1's half-year report and found the fan-satisfaction survey behind its growth messaging draws from a panel representing roughly 0.007% of the sport's 830 million claimed fanbase — record attendance and social growth are real, but the sentiment data backing them is thinner than the headline suggests.
⚙️ OPERATE
Amanda Natividad (SparkToro) shared Dropbox's blackout-test data: attributed ROAS on mobile ads and search looked healthy, but causal testing showed both channels underwater, and reallocating $25M improved portfolio LTV:CAC by 53% — attribution tells you what got credit, not what caused the result.
🧑💼 STRATEGY
Matt Cleverley (Studio Novera) asked why almost every F1 hospitality brand uses the same red, white and black palette — when an entire market makes the same safe colour choice, safe becomes invisible, and none of those colours even read as premium to begin with.

McLaren priced Papaya Membership against Williams's fan club. Fans are pricing it against Netflix.
McLaren launched Papaya Membership at $90 AUD a year. Dr Georgia Carroll paid to join and laid out the actual inventory: virtual Q&As, member days at the McLaren Technology Centre, a Miami takeover experience, and a welcome pack of a pin, a flag, and a lanyard.
Her read, which matches what I found going through the same benefits myself, is that most of it is already free elsewhere, needs extra spend to use, or only works if you live near Woking.
Why are fans judging a race team's membership against Netflix?
A paid fan membership, to my mind, competes in the same mental ledger as every other recurring payment a fan already makes.
Netflix, Spotify, the SaaS tools they use for work, each one has already set a felt sense of what a subscription should return, and that's the bar I and most fans judge every membership against. Miss it and the membership reads as a money grab.
McLaren's perks, measured against that bar, leave universality as the area with the most room to grow.
Member days require physically getting to Woking. The Miami event requires already being in Miami.
My own money and my own time have gone into versions of these experiences before Papaya existed, and my guess is McLaren hasn't confirmed this. Is that even the one unlock in the tier, member day access, still leaves the fan covering their own flight and hotel.
Why does the "real fan" framing backfire?
Paying $90 reads to me as quietly positioned proof of being a real fan, and that framing works against McLaren. Nobody agrees what a "real fan" means any more, and the gatekeeping the phrase implies has already dissolved as fandom has globalised.
Dr Carroll flagged this directly, and my read goes a step further: McLaren didn't need to state it outright, since the FOMO carries the framing on its own. Status-based pricing on a fanbase that no longer buys the status claim is a weak foundation to build a paid tier on.
What should McLaren have researched before setting a price?
Fans, in my experience, articulate what they want long before they can name it as a product request, and the research McLaren skipped was already sitting in public.
On Reddit, I've seen Australian fans ask whether McLaren could work with the Australian Grand Prix to get Oscar Piastri fans into the race at a lower cost.
McLaren doesn't hold those ticket rights, but the ask names precisely what an Australian tier of this membership needed to solve for.
Direct research, not global perks assumed to travel. Surveys, one-to-one conversations, and group sessions that read sentiment would beat anything a dashboard tells me here.
How does fan segmentation change the revenue plan?
Segmentation, for me, isn't a perks exercise. It's how I'd decide what to optimise for on each time horizon.
A short-term segment converts fast and pays for the programme's first year.
A medium-term segment builds habit and referral over a season.
A long-term segment compounds into the fans who renew for a decade.
Treat all three the same, as one global tier at one global price, and the result is perks that satisfy none of them well.
Australia is the clearest test case for this.
Ticket rights sit with the Australian Grand Prix, not with McLaren, so a membership can't discount race entry outright.
It can still fund the relationship; my instinct would be to look at whether profit from the membership could subsidise ticket access in partnership with the Aus GP directly, turning a fan cost centre into something the membership pays for.
How do brand partners fit inside a fan membership?
A ceiling problem keeps coming up for me with more merch and more experiences.
Fans are weighing Papaya Membership against Netflix, Amex, and Air Canada, and none of those products, in my view, win by stacking on another perk. They win by offering something none of the others can.
McLaren can't out-merch its way past that ceiling. What it can use instead is the one asset none of those brands hold: the largest sponsor roster on the grid, more than 55 partners deep.
That roster, to me, is the actual differentiated product.
A partner like Hilton already runs hotels fans already stay in. What I'd offer Hilton through Papaya Membership is inventory it can't buy anywhere else.
A segmented, addressable group of fans based in the UK, the US, or Australia, with McLaren able to tell Hilton precisely what those fans want in each market.
That segmentation turns Papaya Membership into paid inventory sold into the partner base, on the condition each partner builds something specific to this fan group.
The bar for a partner here, as I see it, isn't full-funnel awareness. It's consideration - a fan who already knows of or holds a Hilton account or an Amex card seeing an experience built specifically for them as a McLaren fan.
Distinct from what Hilton or Amex already give everyone else holding that card. Built well, this is the paid tier's actual point of difference. Built badly, it's the same money-grab problem stacked on the fan a second time.
What does crawl-walk-run look like for a paid fan membership?
The crawl stage, as I'd run it, is a presale and an invite-only beta community.
I haven't confirmed McLaren ran anything like this before launch, and my guess, based on the full-price global rollout, is that they skipped straight to run.
My version would have looked like this: a presale, an invite-only beta group, and a McLaren-run, McLaren-moderated chat, watching for five or six months what fans actually ask for between races before setting a single price.
Watch parties solve this for the fan who lives near other McLaren supporters and can show up in person, and that's a minority of a fanbase this global.
I'd keep the crawl stage manual on purpose. Regional, hand-run group chats for a handful of markets won't scale to a global base, and that's fine at this stage. The point is learning what a segment actually wants before building the version that scales.
Does McLaren already have an owned channel it could have built on?
Yes — McLaren Plus, badged on the website as a free fan engagement programme, functions in practice as a newsletter under a different name.
Dr Carroll's read said it operates as a separate touchpoint from Papaya Membership.
Two products, free and paid, run side by side without a shared spine connecting them, so the paywall drops on top of a free layer that was already doing an adjacent, disconnected job.
My view is that free layer should have been the foundation Papaya Membership was built on.
I haven't been able to confirm McLaren Plus's send cadence or subscriber numbers, and that's a gap worth someone at McLaren clarifying before drawing harder conclusions about how the two are meant to work together.
What should a team watch once the membership is live?
Churn, not signups, is the number that tells the truth, in my experience.
A launch spike is easy to get excited about; keeping a fan paying past month three is the actual test, and I'd plan for high early churn rather than be surprised by it.
Free-to-paid conversion rate matters more to me than raw subscriber count, since it's the number that shows whether the free layer is actually building the trust the paid tier depends on.
A retention plan needs a specific answer for lapsed subscribers too - a win-back message with a real reason to return.
What job does a paid racing membership actually need to do?
A job to be done. It needs to save the fan time, save them money, or hand them a decision advantage they can't get for free, on a recurring basis.
An FPL newsletter earns its subscription by telling readers which players to pick.
A stock newsletter runs the same model on market moves.
Operators like Nathan May, Tom Orbach and Tom Alder built paid products around one clear, recurring job the reader can't easily get elsewhere, and that's the standard I'd hold McLaren to.
McLaren documents race weekends and shows behind-the-scenes process, and a fan already gets that for free on YouTube and Instagram, so paying $90 has to buy something specific and recurring that nobody inside the programme has named yet.
Haas launched a free version of the same instinct this season, betting that loyalty compounds without a price tag attached. Williams runs the same bet through WClub. McLaren is the one team charging for it, and, to my eye, the one team whose perks don't yet travel past its own postcode.
What separates a subscription fans keep paying for from one they cancel?
Paid newsletter operators have already run this experiment thousands of times, and the fundamentals hold for a racing membership just as well, from what I've seen.
My approach would make the offer hard to weigh against a single issue or perk - bundle in extras like worksheets, archives, or community access so the total value feels too large to price against one benefit.
A single launch announcement isn't enough on its own; most people skim and forget it, so a multi-touch sequence across email and social does the actual work.
Keeping the core value and the sales pitch in separate lanes matters too, so the promotional ask never erodes trust in the product itself.
And the aim, for me, is being the best in the world at one specific job, narrow enough that nobody else does it as well — that's what makes a tier feel un-cancellable. One paid-newsletter breakdown walks through this in more depth.
How I'd build a paid fan membership that actually works
Build and run the free relationship layer first - a real newsletter or community - before charging for anything.
Name the specific, recurring job the payment buys. Entertainment fans already get for free doesn't count.
Research by segment before pricing: region, fan type, and what they've already told me unprompted in comments and forums.
Test in public with an invite-only beta for five to six months before a full-price global launch, and let regional group chats be manual and unscalable at this stage.
Design every physical perk to work for a fan who will never set foot in my home country.
Treat segmented fan data as sellable inventory for partners.
Set a retention plan and a win-back message before launch, not after the first churn spike.
Bundle enough into the offer that no single perk has to justify the price on its own.
Every one of these questions reduces to four, for me. What's concretely different in a fan's life six months after this works.
What have they already tried that almost got them there.
What job would still need doing if the format itself didn't exist.
What are they actually asking for, in their own words, in comments and DMs.
The membership-or-newsletter-or-app decision comes last, once those four have real answers.
Every subscription already sitting on my own card is the comparison I'm running, and I'd guess most fans are doing the same. If the maths doesn't hold there, no pin, flag, or lanyard closes the gap.

FAQ
What is McLaren's Papaya Membership?
Papaya Membership is McLaren F1's paid fan tier, priced at $90 AUD a year, offering virtual Q&As, member days at the McLaren Technology Centre, a Miami fan takeover, and a physical welcome pack.
Why are fans criticising McLaren's paid membership?
Fan reviews, including one from Dr Georgia Carroll, point to most perks being either free elsewhere, requiring extra spend, or only usable by fans based in or near the UK.
Do other F1 teams charge fans for membership?
Most don't. Williams runs a free points-based loyalty ladder through WClub, and Haas launched a free "Fans First" programme in 2026. McLaren is currently the outlier charging for equivalent access.
What makes a sports paid membership programme actually work?
A clear, recurring job-to-be-done — saving the fan time, money, or giving them an edge — built on top of an already-proven free relationship layer, tested with a small group before a full-price launch.
Does McLaren have a free newsletter as well as Papaya Membership?
Yes. McLaren Plus is a free, newsletter-style channel badged as a fan engagement programme; it currently runs as a separate touchpoint outside the paid tier.
How should sponsors fit inside a paid fan membership?
A team's segmented fan data — who they are, where they're based, what they want in each market — is sellable inventory partners can't buy anywhere else. A partner like Hilton gets more value building an experience specific to that segment than from another logo placement, provided the team can name what makes it different from what the partner already offers everyone else.
What causes high churn in paid fan membership programmes?
Churn tends to spike when perks don't clear the value bar fans hold from other subscriptions they already pay for. Programmes that plan for early churn, track free-to-paid conversion, and run a win-back message for lapsed members retain fans better than those relying on a single launch push.
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