The document discusses a SWOT analysis and marketing strategy for Formula One racing to target millennials in the US. It recommends focusing the branding on prestige and entertainment to position Formula One as a unique experience for 18-24 year olds. Specific recommendations are made around promotion, product, place, and price to appeal to this demographic and generate revenue for Austin, where Formula One racing generates about $2.8 billion annually with 270,000 attendees in 2016.