Santander and McLaren to part ways
Spanish bank Santander will end their four-year association with McLaren in 2011, and put all their resources behind Ferrari.
Santander first entered F1 with McLaren in 2007 to tie in with Fernando Alonso's move to the British team, but while Alonso moved on to Renault at the end of 2007, Santander retained their sponsorship of McLaren.
The Spanish company has slowly reduced its involvement in the Woking-based outfit, and have now confirmed that they will sponsor only Ferrari next year. Santander and Ferrari signed a five-year partnership agreement in 2009.
"We have had a transition with McLaren and who knows if in the future we will keep on having a relationship with them and their drivers," spokesman Juan Manuel Cendoya told members of the Spanish media.
With Vodafone stepping up its stake in McLaren, the loss of Santander is unlikely to cause the team any headaches.
Credit: PlanetF1.com (www.planetf1.com)
No comments:
Post a Comment