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Toto Wolff's warning comes true as two sponsors tear up Ferrari contract
Toto Wolff's cryptocurrency warning is beginning to come true, with Ferrari having reportedly terminated their contract with crypto company Velas and semi-conductor company Snapdragon, according to RacingNews365.com. It will come at a huge loss for the Maranello-based side, with the two companies having increased the Italians revenue by $55 million, something which will potentially give the front-running team a financial headache. News of Ferrari dropping two of their premium sponsors came to light after the team dropped the logo of each company from their partners list, with the termination of their deal with Velas potentially set to result in legal action. According...
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1y ago from Formula1News.co.uk
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