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.
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