Ferrari looks set to lose major sponsor Santander. The El Confidencial publication reports that the Spanish bank's chief Ana Botin has decided against extending the EUR 40 million per year deal.
"According to sources close to the talks, Santander rejected Ferrari's proposal to continue as the main partner after eight years," the report said. El Confidencial explained that although those talks did not go well, the company could actually stay at Ferrari as a minor sponsor. (GMM)
Ferrari to lose major sponsor Santander
- Published on 28 Nov 2017 09:17
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- By: Rob Veenstra
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Replies (5)
Login to replyPosts: 533
I'm actually a little surprised that it is "only" a €40 million sponsorship per year. I figured it'd be around double that.
This is unfortunate timing for Ferrari as they've been bitch slapped by Mercedes for 4 years straight. I'm sure they'll find a decent deal, but they're not in the best position to negotiate. Either way, I don't think we'll see a repeat of the McLaren sponsorship-farce.
I could actually see them doing something with a middle eastern company, similar to what we've been seeing in football the last years.
Posts: 2,475
I was actually wondering if they would switch to McLaren given that Alonso is there.
Posts: 533
That would make sense, as I seem to remember that there was talk of them leaving when Alonso left Ferrari.
I guess if they can get it much cheaper - which seems plausible - and Alonso as the figurehead, it would make sense to make the switch, even though the exposure is not on par with that of Ferrari.
Posts: 8,527
I wouldnt surprise me if they decide to be a minor sponsor to both McLaren and Ferrari. They've done it before, and they can do it again.
Posts: 180
We knew this is going to happen since mr Botin passed away. He was the one who was attending the races and supporting Fernando.