Posted on February 25, 2009


Williams CEO Adam Parr has just done a conference call with the media on the news that RBS is to pull out of F1 at the end of 2010. “It isn’t good news for the sport for a sponsor like RBS to announce it’s withdrawing. We’ve suspected for some time that there wasn’t much chance of the sponsorship continuing beyond its term, ” he said. “In the latter part of last year we lost two or three significant partners, Lenovo, Baugar and Petrobras. But we also had 10 of our partners renew and four of the partners who renewed were More…

Posted on February 25, 2009


Williams has just announced that RBS will stay with the team this season and next, but that the sponsorship will finish at the end of 2010. RBS is conducting a review of all its sponsorships in light of the critical situation in the banking sector and the huge corporate losses shortly to be announced. The partnership with Williams began in 2005 and was renewed in 2007 for three seasons. RBS points out that sponsorship costs have been reduced by 25% for this year and 50% in 2010 while hospitality has been cut by 90%. RBS has made further cuts by More…



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