The Ferrari team risks losing one of its main sponsors. Spanish Bank Santander had informed the administration about the Scuderia that he was not going to renew the contract.
Company Santander came in a Ferrari, together with double champion Fernando Alonso in 2010 and February 2012, extended the agreement for five years, stayed with the team even after the departure of the Spaniard in the McLaren. Over the years, the Bank has invested in sponsorship of the legendary team of 280 million euros, but has always valued return on investment, given the scale of the audience of Formula 1.
However, according to El Models, now Santander rejected the proposal to extend Ferrari contract at present to 40 million a year. It is not excluded that the parties will continue the cooperation at least a modest financial conditions, but, according to other sources, Ferrari and Santander now so estranged from each other that they would be better to leave.
Subscribe to our channel in the Telegram!