Ferrari Confirms Santander Sponsorship Will Conclude After 2024

Sunday, 1 September 2024, 12:00

Ferrari is set to end its sponsorship agreement with Santander after 2024. This partnership, worth approximately $60 million annually, has been pivotal for Ferrari.
Motorsport
Ferrari Confirms Santander Sponsorship Will Conclude After 2024

Ferrari's Sponsorship Changes

Ferrari has officially announced that its sponsorship deal with Santander will conclude at the end of 2024. This significant partnership, signed in 2021, has provided annual revenue of around $60 million, marking Santander as a crucial financial ally for Ferrari.

Impact on Formula 1 and Beyond

As part of their sponsorship, Santander's logo has prominently featured on Ferrari's F1 cars, race suits, and caps, as well as their 499P Le Mans Hypercars, which have achieved notable success.

Financial Considerations

Last year, Ferrari's F1 sponsorship revenue climbed to nearly $250 million, with Santander being the largest contributor to this impressive figure.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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