F1-Fansite.com

header

F1 News

Santander eyes Ferrari deal beyond 2017

Sebastian VEttel, Ferrari SF16-H
Sebastian VEttel, Ferrari SF16-H

May 30 - The Spanish bank Santander is in talks about extending its major sponsorship contract with Ferrari beyond 2017.

In 2012, it was reported that a new contract extension had pushed the existing Santander deal all the way until the end of next year.

"Our sponsorship with Ferrari is the best marketing operation in the 150 year history of the bank," chairman Emilio Botin said in 2012, two years before he died of a heart attack.

Now, two international reports suggest Santander - headed today by Botin's 55-year-old daughter Ana Patricia - is still happy with the deal and wants to extend it again.

But Marca, a Spanish sports daily, said Santander may be moving to reduce the value of the deal, and therefore the visibility on Ferrari's red livery.

The report said Santander's current deal is currently worth an estimated EUR 45 million per year.

Also reporting from Monaco grand prix at the weekend, the German-language Speed Week said Santander is likely to negotiate a new contract with a cost reduction of one third.

Book discounted tickets and reservate your hotel room in our F1 Tickets Shop.

Please share this article & subscribe to our FREE weekly F1 Newsletter!

PinIt
 submit to reddit  

Leave a Reply

Your email address will not be published. Required fields are marked *

Last 20 articles:

See older posts in our F1 Archive »

Stay Updated by F1-Fansite!

2017 F1 Merchandise

2017 F1 MerchandiseGet your 2017 F1 Merchandise here.

Early Booking Discounts on F1 Tickets

Book F1 Tickets cheaper at F1-Fansite.com 2017 Formula 1 Season Early Booking Discounts are:
F1 RaceDiscount
flag australia Australia '18AvailableBook Now
flag azerbijan Spain '1820% DiscountBook Now
flag spain Spain '1820% DiscountBook Now
flag  monaco Monaco '18AvailableBook Now
flag canada Canada '18AvailableBook Now
flag austria Austria '1820% DiscountBook Now
flag uk UK '18AvailableBook Now
flag germany Germany '1829% DiscountBook Now
flag hungary Hungary '1820% DiscountBook Now
flag belgium Belgium '1815% DiscountBook Now
flag singapore Singapore '1820% DiscountBook Now