Santander and Ferrari To Announce Deal Thursday
Santander Banking Group and Scuderia Ferrari are to announce a huge sponsorship deal, worth hundreds of millions of dollars at this forthcoming Italian Grand Prix.
A press conference has been called for Thursday afternoon.
This will mark a move for Ferrari away from Marlboro’s title sponsorship. The team have had the cigarette manufacturers logos on the car less and less over the years as tobacco sponsorship has declined in legality, and other teams have lost their title brand sponsors.
Santander too will move away from McLaren, a team they came to sponsor in 2007. It will increase rumours that Santander are moving to Ferrari as part of a deal with Spaniard Fernando Alonso.