News Details

Petrobras terminate ‘unjustifiable' McLaren deal

Petrobras, the Brazilian state energy company, has declared to an end to their sponsorship of McLaren, labelling it an 'unjustifiable' deal. Two years ago McLaren and Petrobras entered a five-year deal worth £163 million. However, just two years into it, it's over. 'An unjustifiable Petrobras sponsorship agreement for the McLaren Formula 1 team – worth UK£163million – has been terminated,' declared a government paper according to Sportspromedia. McLaren's Petrobras deal has been under threat for some months now after Brazil's Minister of citizenship Osmar Terra took to social media condemning the deal. In May he wrote: 'In 2018, Petrobras signed an advertising contract of R$782...
Full Story »
8mo ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Brazil Government: Petrobras-McLaren deal unjustifiable

A document published by the Brazilian Ministry of Economy on Thursday all...
8mo ago from GrandPrix247.com

Petrobras set to terminate multi-million pound...

McLaren's sponsor Petrobras are set to terminate their contract with the...
8mo ago from GPBlog.com

Brazil pulls the plug on McLaren/Petrobras partnership

The Brazilian government is reportedly set to terminate the sponsorship...
8mo ago from F1i.com

Brazilian govt claims McLaren-Petrobras deal terminated

Brazil’s government has claimed the deal between Petrobras and...
8mo ago from MotorsportWeek.com

Elsewhere On The Network

Popular On MGPToday.com

FIM investigating 'possible breach of testing rules' -...

The FIM MotoGP Stewards are to investigate possible breaches of the...
1d ago from Crash.net

WithU bids farewell to Smith for MotoE, signs...

With Bradley Smith substituting for Andrea Iannone at the Aprilia MotoGP...
1d ago from Crash.net

Your experiences: MotoGP tickets, cancellations and...

With seven rounds of the original 2020 MotoGP season officially cancelled...
1d ago from Crash.net

Dorna prioritising MotoGP spectacle over post-COVID...

MotoGP promoter Dorna Sports' CEO Carmelo Ezpeleta says preserving the...
1d ago from AutoSport.com

Popular On IndyCarToday.com

Power: ‘I don’t know what to do any more’

Will Power admits that “I don’t know what to do any more” after yet...
2h ago from SpeedCafe.com

Dixon expects rivals to copy 'aggressive' undercut...

Scott Dixon expects the strategy employed by Team Penske and Chip Ganassi...
1h ago from AutoSport.com

VIDEO: Road America IndyCar Race 1 highlights

Highlights of Scott Dixon's third straight win of the season, at Road...
3h ago from SpeedCafe.com

Popular On TotalWRC.com

Interview: Jon Armstrong Talks Esports and Rallying...

In part two of TCF's interview with Jon Armstrong, he discusses how he...

Oliver Solberg Enters ERC Asphalt Opener

Oliver Solberg will enter his first fully-tarmac rally later this month on...

Breen Ready For Rally Estonia Hyundai Entry

In an interview with DirtFish, Craig Breen revealed he is set to compete...

Popular On GunnersToday.com

Rumour Has It: Juve and Inter to battle for Zaniolo,...

Juventus and Inter are reportedly ready to do battle for Roma star Nicolo...
3h ago from SportsKeeda.com

Arsenal team news: Predicted 3-4-3 line up vs...

Arsenal boss Mikel Arteta must decide whether to stick with Alexandre...
3h ago from Express.co.uk

Piers Morgan explains love for Arsenal despite growing...

Good Morning Britain presenter Piers Morgan has explained why he is a...
2h ago from DailyStar.co.uk

Zinedine Zidane admits James Rodriguez may never play...

Real Madrid manager Zinedine Zidane has conceded that James Rodriguez may...
6h ago from SportsMole.co.uk

Comments

Hottest News

The Morning After: A state of disbelief

It’s not often a performance in Formula 1... Read More »
4h ago from GrandPrix247.com

What's wrong with Ferrari? Ask Norris

At a time when Ferrari is scratching its head to... Read More »
3h ago from PlanetF1.com

F1 may scrap next week's Hungarian GP

Jul.12 A dark cloud has suddenly moved above... Read More »

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.