Nov.11 - Two major sponsors in Formula 1 look set to exit the sport.

Mercedes has confirmed that, at least this weekend in Brazil, the logos of collapsing cryptocurrency exchange FTX will remain on the car.

It is also reported that Emirates, the Dubai-based airline, is set to leave Formula 1 after failing to agree terms for a new global sponsorship deal with Liberty Media.

Two sponsors set to leave F1 and China GP unsure

Stefano Domenicali, Chairman and CEO Formula One Group FOG and Frederic Vasseur, Team Principal of Alfa Romeo F1 Team

Early rumours suggest Qatar Airlines is the favourite to replace them.

Meanwhile, F1 CEO Stefano Domenicali has admitted that reports the Chinese GP could be scratched from the 2023 race calendar may not be wide of the mark.

He admitted the "covid situation" in the country "remains an issue" and it is "not certain we will race there in 2023".

However, Domenicali also insisted that F1 would not struggle to replace China - even though a substitute race may in fact not be the plan for 2023.

"With 24 races, we are approaching the limit," he told Le Journal de Montreal. "But you can never say it's over.

"Today, we are there because our success is incredible. But if we have to find a balance, I think that's fine.

"There are many other countries that would like to host a grand prix. We could sign with seven or eight countries tomorrow morning, but of course we can't do it."


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11 F1 Fan comments on “Two sponsors set to leave F1 and China GP unsure

  1. shroppyfly

    Ftx a major sponsor? I don't think so.!, as for Emirates leaving and Qatar coming in , all part of the Sandman Machete wielding empire --So who cares

    "With 24 races, we are approaching the limit," he told Le Journal de Montreal. "But you can never say it's over.

    "Today, we are there because our success is incredible. But if we have to find a balance, I think that's fine

    Bahrain, Saudi, and Abu Dhabi are only on the calendar because they can pay far far more out of petty cash for sportswashing events than other non dodgy countries , So Steffi, Successful really???, Same thing for China, When Steffi says "F1" , what he really means is, for Liberty and its profits, I'm not ranting, just stating the bleedin obvious .

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  2. smokey

    Why does F1 attract so many countries with dubious records in basic human liberties and money laundering?
    Oh yes, bigger profits for Liberty Media! It's all about money before people in those dictatorships. Sad that those corrupt practices are endorsed by F1.

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  3. Jere Jyrälä

    So Qatar Airlines as the Qatar GP title sponsor + a regular feature in trackside advertising from next season.
    Chinese GP will indeed face yet another cancellation in all likelihood & getting replaced for next season is unlikely, yes.

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