News Details

Bolsonaro: We want Petrobrás to terminate McLaren contract

Bloomberg report that Brazil’s state-run oil company Petroleo Brasileiro SA is looking for a way to pull out of a pricey sponsorship deal with the McLaren Formula 1 racing team, President Jair Bolsonaro declared on his Twitter account. He wrote: 'In 2018, Petrobrás signed an advertising contract of R$782-million ($191-million) with McLaren, valid for five years. At the moment, the company, by decision of my Government, seeks a way to terminate the contract. Bolsonaro, who took office in January, has promised to shrink government spending, and among other things he has aimed fire on advertising and publicity costs. Petrobras Chief Executive Officer Roberto Castello Branco said in an...
Full Story »
4mo ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

McLaren set to lose fuel supplier and sponsor Petrobras

The McLaren F1 team could be set to lose a major sponsor and supplier,...
4mo ago from MotorsportWeek.com

Bratches: Interlagos has 2020 Brazilian Grand Prix...

Formula 1 is keen to race in Rio de Janeiro but the current contract with...
4mo ago from GrandPrix247.com

Petrobras want out of McLaren deal

McLaren look set to lose their fuel supplier and major sponsor Petrobras...
4mo ago from PlanetF1.com

Sao Paulo council say Brazil GP will stay at Interlagos

Earlier in the month, Brazilian president Jair Bolsonaro announced that...
4mo ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Marquez cruises to Aragon Pole Position

Marc Marquez continued to dominate proceedings at Aragon to secure yet...

Popular On IndyCarToday.com

Rahal Letterman Lanigan Racing confirms Takuma Sato...

Rahal Letterman Lanigan Racing has confirmed that Takuma Sato will remain...
41m ago from MotorsportWeek.c...

RLLR retains Sato for 2020 IndyCar season

No description available...
21m ago from Motorsport.com

Watch: Ride onboard with Rosenqvist at Laguna Seca

Ride onboard with Chip Ganassi Racing's Felix Rosenqvist around the...
21m ago from MotorsportWeek.c...

Popular On TotalWRC.com

2019 Rally Turkey: Ogier Wins to Reignite Title Battle

Sebastien Ogier took his first WRC victory since March on Rally Turkey...
23h ago from TheCheckeredFlag...

Popular On GunnersToday.com

Predicted 4-2-3-1 Arsenal line-up for Aston Villa...

from the Arsenal side who beat Frankfurt 3-0
40m ago from DailyStar.co.uk

Dimitar Berbatov reveals what he did as Tottenham...

Dimitar Berbatov was so confident Tottenham would beat Olympiakos in the...
2h ago from Express.co.uk

Video: Arsenal star absolutely delighted in message to...

Gunners ace stepping up recovery... The post Video: Arsenal star...
1h ago from CaughtOffside.com

Arsenal's Predicted XI: Saka, Chambers and Ceballos...

Arsenal bounced back from a difficult draw with Watford last week to beat...

Comments

Advertisements

Hottest News

Advertisements

Recent News

Advertisements

Advertisements

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.