News Details

UBS reducing F1 sponsorship

Major F1 sponsor UBS is scaling down its investment in the sport. The Swiss based global financial services company entered F1 in 2010 powered by its then chief executive Oswald Grubel. But UBS is now headed by Sergio Ermotti, a Swiss banker, who last year commenced market research into the wisdom of Grubel's F1 deal. The Swiss newspaper Blick on Monday quoted a UBS spokesman as saying: "We have always stressed that formula one is a long-term commitment. "We are very pleased with the partnership." The report said UBS has agreed a new, less lucrative contract with Bernie Ecclestone. "We put the customer platform more in the centre and focus the brand on key growth...
Full Story »
3y ago from GrandPrix.com 0
Share

You May Also Be Interested In...

UBS reducing F1 sponsorship

Major Formula 1 sponsor UBS is scaling down its investment, after a high...
3y ago from GrandPrix247.com

Lotus attracts new sponsor for Italy, US

Lotus will be sponsored by Chinese firm Hisense for three races towards...
3y ago from Crash.net

Mercedes: Hot heads should be cooled this week

Nico Rosberg versus Lewis Hamilton remains the big F1 story ahead of...
3y ago from GrandPrix247.com

Rosberg should have judged it better - Button

Jenson Button has questioned Nico Rosberg's move on Lewis Hamilton on lap...
3y ago from TheF1Times.com

Elsewhere On The Network

Popular On MGPToday.com

Valencia MotoGP test: Yamaha have a lot of work do,...

Rossi believes Yamaha have got to come up with something new to fix their...
3d ago from BikeSportNews.com

Redding ‘expected easier switch’ to Aprilia at...

Redding spent two days getting used to Aprilia's MotoGP RS-GP but admits...
2d ago from BikeSportNews.com

Valencia MotoGP test: 2018 RC213V ‘special'...

Crutchlow, Marquez and Pedrosa got a brand new RC213V for the Valencia...
4d ago from BikeSportNews.com

Valencia MotoGP test: Yamaha use seven M1s to choose...

Yamaha had seven YZR-M1s in their works garage on day one of MotoGP...
5d ago from BikeSportNews.com

Popular On IndyCarToday.com

Patrick to close career with Daytona, Indy in 2018

Danica Patrick broke down in tears as she confirmed 2017 was her last...
1d ago from Racer.com

Ganassi confirms Daytona, Indy talks with Patrick

Michael Andretti, Bobby Rahal and Roger Penske aren't interested in...
1d ago from Racer.com

Rahal confident Patrick can star again at Indy

Danica Patrick's first IndyCar team owner is confident the NASCAR star...
1d ago from Racer.com

Shank exploring Schmidt IndyCar pairing, Acura...

Michael Shank Racing could announce a dual Honda/Acura program next month...
1d ago from Racer.com

Popular On TotalWRC.com

Sunday in Australia: Neuville secures fourth win

Sunday in Australia:Neuville secures fourth win Thierry Neuville clinched...
15h ago from WRC.com

BREAKING NEWS: Neuville wins in Australia

Belgian secures second in championship
16h ago from WRC.com

SS17-19: Rain brings drama

SS17-19: Rain brings drama Torrential rain threatened to provide a...
20h ago from WRC.com

SS12/13: Neuville pulls clear

Meeke retires with broken suspension
1d ago from WRC.com

Popular On GunnersToday.com

Arsenal news: Gunners leading Leon Goretzka transfer...

Goretzka has been linked with Arsenal and Manchester United with his...
1h ago from Express.co.uk

Tottenham news: BBC pundit Garth Crooks hammers Spurs...

REUTERS Mauricio Pochettino's Tottenham did not react to Arsenal's fast...
1h ago from Express.co.uk

King of crocks: Every Premier League club’s most...

King of crocks: Every Premier League club’s most injured player...
3h ago from DailyStar.co.uk

Wenger, Ozil & Sanchez uncertainty affecting Arsenal,...

David Seaman believes Arsenal are suffering as a result of uncertainty...
7h ago from SportsKeeda.com

Comments

Hottest News

Alonso: These cars are amazing to drive

On the occasion of the official FIA WEC... Read More »
4h ago from GrandPrix247.com

Inside Line: What next for Daniel Ricciardo?

Among silly-season commodities, perhaps none are... Read More »
7h ago from GrandPrix247.com

Lance Stroll not listening to ‘haters’

Lance Stroll says he would give himself '8.5 out... Read More »
1h ago from ThisIsF1.com

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.