Posted in September 25, 2009 ¬ 12:28 AMh.admin
The fallout from Crashgate came very quickly and very hard – both ING and the Spanish insurance company Mutua Madrilen have cancelled their sponsorship of Renault F1 effective immediately. James Allen reports that ING were providing $65 million annually with $5 million annually from Mutua Madrilen. Losing $70 million is a big hit – makes [...]
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Posted in September 24, 2009 ¬ 7:33 AMh.admin
This is how the Renault F1 “crashgate” ends (except for inevitable fallout of different kinds) – Renault stays involved in the sport, the guilty team managers are suspended from the sport for up to life, the guilty driver gets immunity but will likely never again step into an F1 car. James Allen writes on the [...]
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Posted in September 18, 2009 ¬ 8:20 AMh.admin
The scandal over Nelson Piquet Jr.’s intentional crash at Singapore last year, now resulting in the resignations of Flavio Briatore and Pat Symonds, is the latest and perhaps biggest example of how to make sponsors look at other types of sponsorship engagements. There’s been so many scandals in F1 over the last few years that [...]
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