Ferrari have announced that they have split with one of their partners ahead of Lewis Hamilton’s arrival next year.
There is great excitement surrounding the team at present with the seven-time world champion set to join the Italian outfit for 2025 and beyond.
At the Italian Grand Prix, Mercedes confirmed that Hamilton would be replaced by Kimi Antonelli in an official statement despite his huge blunder in practice.Now, Ferrari have issued their own statement, which announces that the team will end their association with a key partner.
Ferrari have announced that their partnership with Santander will terminate at the end of 2024.The banking giant returned to F1 sponsorship with the Scuderia in 2022, having previously partnered with the team from 2010-2017. It has also partnered with the Italian team’s Le Mans Hypercar program.Santander previously held naming rights to the likes of the British and Spanish Grands Prix.Announcing their upcoming return with Ferrari in 2021, Santander highlighted that it would offer the team ‘a wide range of solutions’ to support its efforts to become carbon neutral by 2030.However, the partners will end their association at the conclusion of the year, when their three-year contract ends.
Lorenzo Giorgetti, Chief Racing Revenue Officer of Ferrari, said: “As our successful partnership with Santander comes to its end, we would like to express our gratitude for their dedication and collaboration during our journey together.”They have played an important role in contributing to our achievements over the past three years.”Meanwhile, vice chair of Santander Spain Juan Manuel Cendoya said: “We are extremely grateful to Ferrari for their partnership over the past three years.”Sponsorships play an important role in engaging with clients and reinforcing our brand and we will continue to work with a range of partners in the years ahead,” he added.
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