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Santander confirms leaving Ferrari and F1

  • Published on 30 Nov 2017 08:11
  • comments 2
  • By: Rob Veenstra

Santander has announced it is quitting not only Ferrari, but F1 altogether. It was rumoured that while the Spanish bank might withdraw its $40 million per year sponsorship deal with Ferrari, it could then switch to McLaren.

But Santander has now confirmed in a statement that it is leaving "Ferrari and F1". "The bank will conclude its corporate sponsorship agreements with F1 which have helped increase Santander's brand recognition around the world over the last 11 years," it added. (GMM)

Replies (2)

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  • Bit of a shame, but they have been around for quite a while.

    • + 0
    • Nov 30 2017 - 09:31
  • xoya

    Posts: 560

    No Alonso, no party.

    • + 0
    • Nov 30 2017 - 10:22

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